83% of Austin entrepreneurs want to start another business, EO study says

Oct 29, 2013
Austin Business Journal

Austin entrepreneurs are bullish on their companies' growth — and the vast majority are so optimistic they're eager to do it all again, according to a new study

The Austin chapter of Entrepreneurs’ Organization released the latest Global Entrepreneur Indicator, and the data coming from Central Texas mirrors what we've all been hearing: This economy is strong

Here are the highlights:

• 68 percent expect to hire full-time employees in the next six months

• 74 percent have increased revenue in the past six months, and 83 percent expect to increase revenue in the next six months

• 40 percent expect an increase in access to capital in the next six months, compared to 34 percent globally

• 7 percent fear a deterioration in the country’s economy, compared to 15 percent globally

• 83 percent expressed an interest in starting another business

Survey respondents are founders of businesses with at least $1 million in annual revenue.The Austin chapter, which was founded in 1995, includes 120 entrepreneur members with collective revenue of $749 million and 4,835 employees

Headspring CEO Dustin Wells is president of the local EO chapter

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