Entrepreneurs Increasingly Motivated to Create Positive Change for Local Communities, New Survey
ALEXANDRIA, Va. , June 22, 2023 /PRNewswire/ -- With an estimated 582 million entrepreneurs in the world today, new research conducted by the Entrepreneurs' Organization (EO) – a non-profit membership network of 18,000+ business owners across 76 countries – shows that founders of small to mid-size companies (SMEs) are more focused on driving positive change for their local communities today compared to 2013, and nearly half feel a responsibility to support the next generation of entrepreneurs.
- Entrepreneurs' top worries for the second half of 2023 are cash flow, economic instability and retaining top talent.
- In its survey of nearly 500 business owners from 50 countries across the globe, EO asked respondents to compare the state of entrepreneurship today vs. ten years earlier.
- One in five (20%) entrepreneurs polled said they feel more focused on driving positive change for their local communities today than they were in 2013.
- Still, with interest rates rising, venture capital funding quickly declining, and geopolitical conflicts ongoing, the macroeconomic outlook for entrepreneurs has been anything but predictable.