Entrepreneurs' Organization

Entrepreneurs' Organization
Logo of Entrepreneurs' Organization
Founded 1987
Founder 22 founders
52-1651248[1]
Legal status 501(c)(3) nonprofit organization[1]
Location
Area served
Owners and founders of businesses with at least US$1,000,000 in revenue
Members
more than 10,000
Ivan Ting[2]
Vijay K. Tirathrai[2]
Subsidiaries Entrepreneurs' Foundation[1]
Revenue (2014)
$23,407,063[1]
Expenses (2014) $22,665,787[1]
Endowment $81,503[1]
Employees (2013)
75[1]
Volunteers (2013)
270[1]
Mission To engage leading entrepreneurs to learn and grow.[1]
Website www.eonetwork.org
Formerly called
 Young Entrepreneurs' Organization

Entrepreneurs' Organization (EO) is a global non-profit organization, whose stated mission is to "Engage leading entrepreneurs to learn and grow." EO was formerly known as Young Entrepreneurs' Organization (YEO).[3][4] The organization was founded in 1987.[4]

History

In 1987, 22 young entrepreneurs created an organization whose goal was stated to be "to provide learning and networking opportunities for its members". The Young Entrepreneurs' Organization (YEO) 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. 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.[5]

Founding members

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. Kevin Harrigton, of Shark Tank fame, was one of the founding board members, in addition to Alfred F. Gerriets, II. recognized 30 years ago as an aspiring entrepreneur in the book "The Dynamos". who still thinks outside the box. [6]

Additional programs

The Entrepreneurs' Organization runs two additional programs: the Global Student Entrepreneur Awards [7][8] and the Accelerator Program.[9]

The Global Student Entrepreneur Awards (GSEA) is an awards program for high school, undergraduate, and graduate students who own and operate a business. EO GSEA operates as an international series of competitions for student entrepreneurs who are attending a recognized high school, college or university, who own a for-profit business, are principally responsible for its operation and have been generating revenue for a minimum of six consecutive months.[10]

The organization's Inventory of Skills program enables members to confer with one-another to obtain information about business matters and to solve various business problems.[4]

Global Entrepreneur Indicator

The Global Entrepreneur Indicator (GEI) began in 2010[11] 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.[12]

References

Further reading

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