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EO survey: South Florida entrepreneurs added jobs in 2013, plan hires

South Florida entrepreneurs reported continued business growth and projected increased jobs, revenues, profits and other positive indicators for the region’s economy, according to a worldwide survey of business owners sponsored by Entrepreneurs’ Organization.

Released today, the Global Entrepreneur Indicator showed that about 60 percent of Entrepreneurs’ Organization – South Florida members added jobs at their businesses in the past sixth months, and 67 percent plan to hire more employees in the first half of 2014.

Similarly, growing revenues and profits were expected to increase even further in South Florida.  More than half of area entrepreneurs reported increased revenues and profits during the past six months, and approximately 85 percent expect revenue and profits to continue to rise this year.

EO-SOFLO members overwhelmingly  – almost 88 percent – reported  “a current proclivity to start a new business,” according to the survey.

“Our members are optimistic by nature and always inclined to consider a new venture,” said Darren Seys, CEO of Peak Seven Advertising and co-chair of the EO-SOFLO communication committee.  “But the general economic numbers reflect especially well on the region’s business environment looking forward.”

The GEI study surveyed thousands of business owners around the world.  EO has more than 9,000 members in more 120 chapters and 40 countries.  Globally, results showed in the coming six months, 67% of entrepreneurs are expecting to create  jobs; and  55% of EO members have added jobs in the past six months; and  81% of entrepreneurs expect profit margins to increase over the next six months.

EO-SOFLO is the organization’s fifth-largest chapter, with more than 160 members in Miami-Dade, Broward and Palm Beach counties.  EO-SOFLO members run companies that account for more than $1 billion in annual revenues and more than 25,000 jobs in the region.