CED Releases Results of 2010 Online Survey
Majority of Small High-Tech Entrepreneurial Companies Expect to Grow or Stay the Same During Next 12
June 08, 2010 11:35 AM Eastern Daylight Time
RESEARCH TRIANGLE PARK, N.C.--(EON: Enhanced Online News)--CED (www.cednc.org) has announced
the results of its 2010 online member survey, conducted by the organization in February and March. The purpose of
the survey was to understand how entrepreneurial members assess their current business situation and to solicit
feedback on how the organization can better respond to their needs.
The member survey, conducted by CED member company Percept Research, found, among other things:
- 70% of responders say they work in companies with fewer than 50 employees, with most saying they work in
biotechnology and pharmaceuticals, information technology or business consulting.
- Despite a bad economy, 50% say their company either “expanded a little” or “expanded a lot” in the past 12
months, with 21% saying their business contracted.
- In the next 12 months, only 6% say they expect their company to contract, with the rest projecting that their
business will stay the same or expand.
- 55% engage in business outside the United States and 12% plan expansion in overseas markets this year.
Funding and the state of the economy were listed as their top concerns:
- The majority of enterprises are self-funded, with entrepreneurs relying on their own savings, friends and family, and
- 18% report angel investors and 13% have funding from venture capitalists.
- In open-ended comments, respondents most frequently expressed worries about managing cash flow and getting
access to credit, followed by dissatisfaction with government policy and the unpredictability of world markets.
Results of the survey and four separate focus groups conducted in March will be shared with CED members in a
free program, Direct Connections, from noon-1:30 p.m. Wednesday, June 9, to be held at CED, located at 100