Entrepreneurs' Organization

Entrepreneurs' Organization

Logo of Entrepreneurs' Organization
Founded	1987
Founder	22 founders
Tax ID no.	52-1651248
Legal status	501(c)(3) nonprofit organization
Location	Alexandria, Virginia, United States
Area served	Owners and founders of businesses with at least US$1,000,000 in revenue
Members	more than 10,000
Global Chairman	Gilberto Crombé
Chief Executive Officer	Vijay K. Tirathrai
Subsidiaries	Entrepreneurs' Foundation
Revenue (2014)	$23,407,063
Expenses (2014)	$22,665,787
Endowment	$81,503
Employees (2013)	75
Volunteers (2013)	270
Mission	To engage leading entrepreneurs to learn and grow.
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). The organization was founded in 1987.

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.

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.

Additional programs

The Entrepreneurs' Organization runs two additional programs: the Global Student Entrepreneur Awards and the Accelerator Program.

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.

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.

Global Entrepreneur Indicator

The Global Entrepreneur Indicator (GEI) began in 2010 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.

Further reading

• Philippine Daily Inquirer
• Milwaukee Journal Sentinel
• Oh, to Be So Young, Ambitious and Really Really Rich. Los Angeles Times.
• Philippine Daily Inquirer
• Toledo Blade
• Startup Communities. John Wiley & Sons. pp. pt87–90.
• The Sleeping Giant. pp. pt180–. (subscription required).
• From Here to the Streets: 2012 Revised Edition. p. 205.
• "Entrepreneurs' Organization Celebrates 25th Year Anniversary". Anadolu Agency. (subscription required)
• "Strength in numbers". Inside Business. (subscription required)
• "Executive Founds Young Entrepreneurs Organization in South Florida". Miami Herald. (subscription required)

External links

• Official website