Business

Small business survey shows hiring, higher profits in South Florida

Nearly 88 percent of Entrepreneurs’ Organization members in Miami-Dade, Broward and Palm Beach counties, all small business owners, project higher net profits, and 75 percent plan to increase full-time hiring over the next six months, according to a new study from the worldwide business group.

EO’s Global Entrepreneur Indicator study also showed that South Florida business owners are outpacing and out-projecting their peers around the world in a variety of economic metrics. About 78 percent of global entrepreneurs expect higher net profits and 65 percent plan to hire more employees in the next six months, according to the survey.

Over the previous six months, 70 percent of South Florida entrepreneurs reported higher profits and 60 percent hired more full-time workers. The global figures were about 60 and 56 percent, respectively, according to the study of EO’s 10,000 participants around the globe.

South Florida has one of the world’s largest EO chapters with about 160 members who run businesses that account for more than 30,000 jobs and $1 billion in annual revenues in the tri-county region. “It’s clear the South Florida economy has hit a great stride, and our members are overwhelmingly confident the business climate will grow even stronger,” said Darren Seys, EO South Florida board member who is also CEO of Boca Raton-based Peak Seven advertising agency.

See the global survey on www.eonetwork.org.

Nancy Dahlberg

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