Survey shows that EO Nashville members plan to increase staff & revenue this year

EO Nashville members who took EO Global’s Q4 2011 Economic Survey are optimistic about a profitable 2012. With the economic downturn stressing area companies over the past two years, member businesses are looking to increase hiring and returns this year.

Here’s a breakdown of the survey results, question-by-question:

Question 1: Change in number of full-time employees during the past 6 months, AND Predicted change in number of full-time employees during coming 6 months:

  •       Sixty-nine percent of EO Nashville respondents expect to increase their full-time staffs in the first half of 2012, that’s two percent less than the second half of 2011 and three percent more then EO global respondents.
  •       None of the EO Nashville respondents expect to decrease their full-time staffs in the first half of 2012.
  •      Regionally, Nashville ranks second in full-time hiring goals behind Knoxville (83 percent) and ahead of Charlotte (59 percent) and Birmingham (43 percent).
  •       None of the regional EO respondents expect to decrease their full-time staffs in the first half of 2012.


Question 2: Change in number of part-time or contract employees during the past 6 months, AND Predicted change in number of part-time or contract employees during coming 6 months:

  •       None of the EO Nashville respondents expect to decrease their part-time or contract employees in the first half of 2012, that’s compared to 14 percent of EO global respondents who plan to decrease them in the first half of 2012.
  •      Regionally, only EO Charlotte respondents expect to decrease part-time or contract employees by four percent

Question 3: Change in net profit during the past 6 months, AND Predicated change in net profit during coming 6 months:

  •  Seventy-six percent of EO Nashville respondent expect their net profits to increase in the first six of 2012, with the remaining 24 percent expecting net profits to remain constant. That’s two percent more then EO global respondents.
  •  Regionally, Nashville ranks second in predicated change in net profit behind Knoxville (100 percent increase) and ahead of Birmingham (71 percent increase) Charlotte (70 percent increase).

Question 4: Change in debt load during past 6 months, AND Predicted change in debt load during coming six months:

  • Twenty-one percent of EO Nashville respondents expect to decrease their debt load in the coming six months. That’s equal to the percentage of EO Nashville respondents expecting to increase their debt.

Question 5: Change in your business’s access to capital during past six months, AND Predicted change in your business’s access to capital during coming six months:

  • During the past six months, 34 percent of EO Nashville respondents saw an increase in their access to capital, and 38 percent expect access to capital to increase in the first half of 2012.
  • Regionally, EO East Tennessee respondents are highly optimistic with 83 percent banking on increased assess to capital, 37 percent of EO Charlotte respondents expect an increase, and 29 percent of Birmingham respondents expect an increase

Question 6: Change in your business’s revenue during past six months, AND Predicted change in your business’s revenue during coming six months:

  • Ninety percent of EO Nashville respondents believe that their revenue will increase in the first half of 2012. That’s the highest percentage regionally, and 10 percent higher than the global outlook.
  • None of the EO Nashville respondents expect revenue to decrease in 2012.

Question 7: Predicted change in your country’s economic environment during coming six months:

  •  Roughly three-fourths of EO Nashville respondents predict the economy will either improve or remain the same during the coming six months. That’s consistent with the outlook from the previous six months.

Question 8: Current proclivity to start a new business:

  •  Sixty-two percent of EO Nashville respondents would like to start a new business.
  •  Regionally, 83 percent of EO East Tennessee respondents would like to start a new business, 71 percent of EO Birmingham respondents and 59 percent of EO Charlotte.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s