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Entrepreneurs' Organization

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Entrepreneurs' Organization
Founded1987
Founder22 founders
52-1651248[1]
Legal status501(c)(3) nonprofit organization[1]
HeadquartersAlexandria, Virginia, United States[1]
Area served
Owners and founders of businesses with at least US$1,000,000 in revenue
Members18,000+
Lynn Anstett [2]
Deborah Rainey[2]
Websitewww.eonetwork.org
Formerly called
Young Entrepreneurs' Organization

Entrepreneurs' Organization (EO) is a global non-profit organization formerly known as the Young Entrepreneurs' Organization (YEO),[3][4] that was founded in 1987.[4]

History

In 1987, 22 young entrepreneurs founded an organization initially known as The Young Entrepreneurs' Organization (YEO) which expanded throughout the United States and Canada. Within a few years, membership grew to include chapters in Latin America, Europe, the Middle East, Africa, and Asia.[5] In 1996, YEO helped create the World Entrepreneurs’ Organization (WEO), which served as an alumni organization for YEO members who, after the age of 40, wanted to continue their involvement in an entrepreneurial membership organization. In 2005, YEO and WEO merged to form the Entrepreneurs’ Organization (EO) as it is known today.[6] They continue to focus on youth with the annual Global Student Entrepreneur Awards and pitch contest. [7][8][9][10][11]

Membership

Verne Harnish is the founder of the Young Entrepreneurs’ Organization and recruited 22 entrepreneurs as founding board members to initially fund the start-up of the organization. Some of the members were Kevin Harrington, of Shark Tank fame, Julie Brice, founder of I Can't Believe It's Not Yogurt, Neil Balter of the California Closet Company, and Lisa Renshaw of Penn Parking Inc.[12] Members are required to have controlling ownership of a company with annual revenue of at least one million dollars. Membership has grown to over 18,000+ worldwide with an average age of 44 and a series of chapters in more than 60 countries. As of 2015, it was estimated that approximately fifteen percent focused in arts and other soft businesses.[13][11]

Global Entrepreneur Indicator

The Global Entrepreneur Indicator (GEI) began in 2010[14] as a semi-annual survey of the membership of the Entrepreneurs’ Organization. The Global Entrepreneur Indicator surveys a globally representative sample of entrepreneurs to predict economic trends in a number of areas, including job creation, profits and debt loads, economic forecasting, and the business environment.

In 2012, the GEI found that approximately 60% of businesses experienced a net profit, while 59% increased their employee headcount.[15]

References

  1. ^ a b c "Form 990: Return of Organization Exempt from Income Tax". Entrepreneurs' Organization. Guidestar. June 30, 2014.
  2. ^ a b "[1]". Entrepreneurs' Organization. Accessed on July 1, 2023.
  3. ^ "Where the young and rich gather". New Straits Times. 4 October 2000.
  4. ^ a b "Young Entrepreneurs' Organization (YEO)". Inc.. Accessed April 2016.
  5. ^ Ho, Abigail L. (24 September 2001). "For This Group, Life Starts Long Before 40". Philippine Daily Inquirer. Retrieved 25 April 2021.
  6. ^ "About EO -- EO Timeline". Retrieved 1 April 2017.
  7. ^ Cummings, Kevin (11 February 2021). "'Our future is in good hands': Upcoming documentary follows the journey of five student entrepreneurs". www.bizjournals.com. Retrieved 19 July 2021.
  8. ^ "Networking Group Wants 'Em Young, Prosperous". Toledo Blade. 25 June 2001. Retrieved 25 April 2021. with a series of chairs from all over the country.
  9. ^ "Entrepreneurs' Organization". www.eonetwork.org. EO Network.
  10. ^ Oldham, Thomas A. (7 August 2014). Dramaturgy in action … even if it's not as a dramaturg. Routledge. pp. 251–256. doi:10.4324/9780203075944-46. ISBN 978-0-203-07594-4. Retrieved 19 July 2021.
  11. ^ a b Daum, Kevin (1 January 2005). "Entrepreneurs: the artists of the business world". Journal of Business Strategy. 26 (5): 53–57. doi:10.1108/02756660510700546. ISSN 0275-6668. Retrieved 19 July 2021.
  12. ^ "Our History". hub.eonetwork.org. Retrieved 2023-11-14.
  13. ^ Oldham, Thomas A. (7 August 2014). Dramaturgy in action … even if it's not as a dramaturg. Routledge. pp. 251–256. doi:10.4324/9780203075944-46. ISBN 978-0-203-07594-4. Retrieved 19 July 2021.
  14. ^ "EO Global Entrepreneur Indicator — About — Entrepreneurs' Organization". Archived from the original on 2014-05-18. Retrieved 2012-10-15.
  15. ^ Globalentrepreneurindicator.com Archived June 8, 2013, at the Wayback Machine
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