August 25, 2004

Hiring Signs

Jeff Cornwall points to evidence of the entrepreneurial economic boom. Here's an excerpt - there's more details and links on his blog.

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.