Business Predictions: Entrepreneurs predict growth in 2014

October 30, 2013

2014 Business Predictions: Entrepreneurs predict growth in 2014

Kiwi businesses are predicting big things for the New Zealand economy next year going by their responses to an international survey of entrepreneurs.

The Global Entrepreneur Indicator published this month (Oct. 2013) for the six month period to 30 September forecasts increases in profitability, full time employment growth and the opportunity to increase working capital.

The indicator is generated from a survey of every chapter of the world-wide Entrepreneurs’ Organization (EO) and New Zealand businesspeople are among the most positive according to the results.

Tony Falkenstein, the communications chair of the NZ Entrepreneurs’ Organization says local entrepreneurs show a healthy positive attitude compared to other nations.

“The most dramatic difference between New Zealand and the rest of the world is our members’ outlook on the country’s economy,” Falkenstein says.

“Seven out of 10 New Zealand members feel our economic environment will improve during the next six months. Only 43 per cent of the rest of the world think the same.”

The survey shows virtually in every area New Zealand members have had a positive past six months and believe the good times will continue.

“For example, 74 per cent of New Zealand members increased profitability during the survey period, and a similar percentage believe they will do the same during the next six months.”

The survey shows NZ EO members are finding access to capital easier and about a third will be increasing their debt during the next six months. More than 90 per cent of them are inclined to start a new business in the current year.

There’s good news also for New Zealand workers with three quarters of local entrepreneurs saying they plan on increasing full time employees versus 63 per cent globally.

“The Global Entrepreneur Indicator reflects the positive attitude of New Zealand entrepreneurs, and this is an excellent sign for New Zealand. History has shown it is entrepreneurs - more than any other business sector - who create growth in the economy.”

Full Global Entrepreneur Indicator results below:

Chapter Data Report: EO New Zealand
Survey period: September 2013

Change in number of full-time employees during past six months:

Predicted change in number of full-time employees during coming six months:

Change in number of part-time or contract employees during past six months:

Predicted change in number of part-time or contract employees during coming six months:

Change in net profit during past six months:

Predicated change in net profit during coming six months:

Change in debt load during past six months:

Predicted change in debt load during the coming six months:

Change in your business’s access to capital during past six months:

Predicted change in your business’s access to capital during coming six months:

Change in your business’s revenue during past six months:

Predicted change in your business’s revenue during the coming six months:

Predicted change in your country’s economic environment during coming six months:

Current proclivity to start a new business:

About Entrepreneurs Organization NZ:
Entrepreneurs Organization NZ is the catalyst that enables entrepreneurs to learn and grow from each other, leading to greater business success and an enriched personal life. EO NZ was founded in 1998 and is a chapter of a US-based Entrepreneurs Organization, a dynamic global network of more than 9,500 business owners in 42 countries. There are 50 members of the New Zealand chapter with an average age of 46 employing more than 1,600 staff representing industries from accounting through to waste management. Globally, if EO were a country it would be in the top 25 nations ranked by GDP. Membership in one of EO’s 120 chapters is by invitation only. Find out more at www.eonetwork.org

ENDS

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