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August 24, 2004
High Growth Entrepreneurs: "Help Wanted"
The Young Entrepreneurs Organization (YEO) is a group of "business professionals, all of whom are under 40 years of age and are the owners, founders, co-founders, or controlling shareholders of a company with annual sales of $1 million or more." In many cities, this group represents the leading edge of high growth entrepreneurs. This group is clearly an economic bell-weather.
In a recent poll of their membership, they found that 84 percent were planning on hiring in the next few months, and 11 percent indicated that they plan to hire at least 10 employees this year. Even more see growth in their companies over the next year, with 92 percent expecting sales to grow this year compared to last year.
"Mark Comiso, owner of Sunnyvale, California-based Liquid Digital and president of the YEO Silicon Valley-Bay Area Chapter, is one that fits this trend. 'I've sold one company, started a new one, bought capital equipment, and plan to hire at least two or three more people this year,' explains Comiso. 'Overall, these statistics are a very good quantification of the increased chatter I've heard from the business owners that I know.' Comiso adds, 'I was personally surprised to see that many are hiring -- the number was almost unanimous -- but it is representative of what is going on in our space.'"
This study was reported in the National Dialogue on Entrepreneurship.
Posted August 24, 2004 01:55 PM
Comments
Dear Dr,
Wondering if there is a YEO in the Central Florida area?
Blast from the past!
Posted by: Pierre Uteschill at August 24, 2004 05:34 PM
Yes. And if one wants to check any other location, go to the YEO web site linked in my post, go to the "About" page, and then "Locations".
Posted by: Jeff at August 25, 2004 05:51 AM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
