www.eonetwork.org
MEDIA RELEASE 23 August 2012
Positive outlook: NZ ahead of the global curve for business buoyancy according to EO research
The Entrepreneurs’ Organization (EO) has released the latest results from its Global Entrepreneur Indicator research
project, a biannual survey of business owners from around the world. The survey focuses in part on performance-related
metrics, such as jobs, profits and debt loads and partly on business climate, including access to capital and
predictions on the economy.
"New Zealand entrepreneurs are far more positive about the future than their overseas colleagues. They are seeing
increased revenues and profitability going forward, and increased hiring of staff,” says Tony Falkenstein, NZ EO member
and founder of Just Water International Ltd.
“I believe that New Zealand is outperforming other countries in the world due to the Euro problems, the Global financial
crisis, and the droughts in the USA. New Zealand entrepreneurs are seeing the 'food need' being as good for New Zealand,
as the 'mining' boom has been for Australia.”
A snapshot of the survey findings includes:
Jobs: Entrepreneurs are hiring at a much faster pace than they were a couple of years ago.
• 63% of NZ entrepreneurs predict an increase in the number of contract or part-time employees during the coming six
months (compared to only 49% globally) • 51% of NZ entrepreneurs reported net increases to their number of full-time
employees during the six months preceding the survey • 57% of NZ business owners expect to increase their number of
full-time employees in the coming six months
Business environment: NZ entrepreneurs are much more positive about the current business environment than entrepreneurs in other parts of the world.
• In the current survey, 46% of NZ business owners expect economic improvement (compared to 33% globally) • Less than a
quarter (14% in NZ and 23% globally) of entrepreneurs expect economic conditions to worsen in the coming six months •
94% of NZ respondents said that access to capital either improved or held steady during the previous six months, with
nearly a third (28%) reporting that it became easier.
Revenue and profit: Though still trending upward, marked regional differences exist, with Europe/Middle East and South Asia decreasing the global average. NZ is performing ahead of the global curve with future predictions for growth looking strong.
• 89% of NZ business owners surveyed said they predicted a increase in the net profit over the next six months (compared
to 76% globally) • 68% of NZ entrepreneurs reported an increase in net profits in the six months prior to the June 2012
survey (compared to 68% globally) • 70% of NZ business owners reported increasing revenues during the previous six
months, and 78% expect increases in the coming six months To learn more about the EO Global Entrepreneur Indicator and
to read the full reports, visit www.entrepreneurindicator.com.
ends