Small Business Hopes Flourish in Ohio Despite Sour Economy

Northeast Ohio entrepreneurs are confident in their ability to overcome the economic downturn, according to Cleveland's Entrepreneur Organization. Members of the Cleveland Entrepreneur Organization recently participated in an annual global economic outlook survey. Almost half of the entrepreneurs surveyed anticipate an increase in revenues in 2009. One in five also reported they are more likely to start a business this year than they were in 2008.

"This survey is definitely representative of how are members in Northeast Ohio are viewing the current economic environment," said Joel Goldstein, president of Cleveland's Entrepreneur Organization.

"Most of our members are being cautiously optimistic. They are actively sharing innovative ways to cut back on expenses and increase revenues this year within our EO forum meetings."

Top concerns among business owners were financing, health care costs, and the impact of the US presidential election. Still 70 percent of those surveyed reported they were highly confident or confident about surviving the economic crisis. Business owners also reported they would not cutback on philanthropic or environmental efforts despite the economic downturn.

Cleveland's Entrepreneur Organization is open to business owners who do a minimum of $1M in annual revenue. The chapter allows entrepreneurs to exchange best practices, share insights and offer support while expanding their network. For more information or to view the complete survey visit www.eonetwork.org