Entrepreneurs survey: It's a great time to start a new business in N.J.​

Article by:
EO Global

15 November 2013 – Entrepreneurs in New Jersey are feeling good about the state's economic climate — so good that many would consider launching a new business right now, according to a new survey from the Entrepreneurs' Organization.

85 percent of the Entrepreneurs' Organization's N.J. members would start a new business today.

The Entrepreneurs' Organization (EO), a global network of business owners whose companies do more than $1 million in annual revenues, surveyed its members in New Jersey and around the world and found that 85 percent of its members in the state would start a new business today, compared to just 77 percent in 2012.

That figure illustrates an overall sense of optimism in the state of New Jersey, where EO's 85 or so members account for roughly $500 million in total annual sales and employ more than 2,100 people.

Alex Zaltsman, president of EO and CEO of the mobile app developer Innovi Mobile, said many of those members own service businesses, which have turned around faster than product-based businesses.

"That definitely has an impact on the recovery in New Jersey," Zaltsman said. "When those companies turn around, our small businesses turn around as well."

Read the article at [NJBIZ]​​

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