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March 17, 2009
New york – March 17, 2009 – Today, the New York Chapter of the Entrepreneurs' Organization announced an unprecedented 187% increase in new members over the last year, as well as a 14% growth in overall membership. Despite the economic downturn, the chapter’s success is attributed to many factors including its distinctive peer-to-peer learning program called Forum, and its award-winning series of expert learning events.
“This year we estimate that without assistance, more than 60 percent of new businesses will fail, 35 percent will remain steady and another 5 percent will thrive,” said Matthew Weiss, president of EO-NY. “We believe entrepreneurs are flocking to EO-NY in these times to gain the experience, learning and support they can’t get anywhere else. Business owners are really beginning to understand that sharing experiences –good, bad, personal or professional, with other entrepreneurs provides a competitive advantage over those who choose to go it alone.”
According to the Small Business Administration (SBA) , New York State is home to 1.8 million small business owners who bring in roughly $77 billion in revenue and 3.8 million jobs to the state each year. In 2008, EO members in New York City alone created thousands of jobs and generated over $1.3 billion in sales. Unlike the national trend, a recent EO-NY survey of small business owners revealed that:
Run “by entrepreneurs, for entrepreneurs,” EO-NY is the largest chapter of the global organization and is made up of the city’s most influential small business owners who run business from $1-50M in revenue. EO is not a networking group. In fact, solicitation among members is strongly prohibited. EO supports, educates and encourages entrepreneurs to succeed in building companies and growing themselves through forum, chapter learning events and global access.
“My previous jobs taught me how to create corporate videos, which led me to believe that starting a corporate video production company would come naturally,” said Edward Bikales, CEO, Snippies. “After five years of headaches, I found EO and got the education no MBA could offer. Now with the down economy, it’s comforting to know I have a reliable and knowledgeable group of entrepreneurs to turn to for help and support.”
If you’d like to learn more about how EO-NY can help you not only survive, but also thrive, please visit www.eonyc.org or contact Victor Chan at membership@eonyc.org.
http://www.reuters.com/article/pressRelease/idUS169630+17-Mar-2009+GNW20090317
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