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Despite continued economic uncertainty, entrepreneurial midmarket firms continue to grow

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Despite continued economic uncertainty, entrepreneurial midmarket firms continue to grow

Over half of entrepreneurs surveyed reported having created full-time jobs in the past six months.

A global survey by CEO membership group Entrepreneurs’ Organization indicates that entrepreneurial, middle market companies continue to grow, and are optimistic about the future.

According to the survey, fully 55% of the EO entrepreneurs have added full-time jobs in the past six months, and in the coming six months, 67% are expecting to create full-time jobs.

"4 of 5 entrepreneurs expect profit margins to increase over the next six months."

The US (72%) leads all regional job growth projections in the coming six months, followed by Europe/Middle East (70%), Canada (65%), Asia Pacific (62%), South Asia (61%) and Latin America/Caribbean (56%). 90% of entrepreneurs in South Asia and the United States reported either having created full-time jobs or experienced no change in their workforce.

In terms of profitability, 4 of 5 entrepreneurs expect profit margins to increase over the next six months, while roughly the same expressed willingness to start a new business.

61% of business owners worldwide reported increased profit margins in the last six months. Over the same period, the US has reported the strongest profits (63%), followed by Europe/Middle East (62%), Latin America/Caribbean (61%) and Canada (61%). South Asia and Asia Pacific are lagging behind at 57% and 56%, respectively.

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Latin America/Caribbean (37%), South Asia (36%) and Canada (35%) report the greatest access to capital. Globally, 33% of entrepreneurs reported favorable environment for accessing capital.

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