Survey provides picture of Westchester businesses
-
- March
- 11
A recently released survey of its membership by The Business Council of Westchester portrays entrepreneurs who are focused on growing their business, and growing it locally.
More than 300 members of the council were polled in the third quarter of last year. About 45 percent said they do 75 percent or more of their business locally, while 25 percent do most of their business regionally.
The biggest challenges facing respondents were, in descending order: planning for and achieving growth; the cost of doing business; innovation; and employee recruitment.
Average annual revenue for member companies was $16.2 million. Of those that own their own office space, property taxes averaged $90,000 last year, while those who lease paid $30,000 in average rent.
More than 85 percent of the businesses said they outsource at least one function in their company. Fifty-three percent said they outsource legal needs, 35 percent accounting, 32 percent information technology, and 22 percent marketing.
Nearly one in five companies said some of their employees worked from home. Of that segment, 80 percent said that all their employees worked from home.
Three-quarters of employers offer benefits, but just 63 percent provide health coverage. Thirty-six percent offer dental benefits.
Fifty-six percent of companies with one to 30 employees expected revenues to grow within a range of 1 to 10 percent in 2008, the survey said. Seventy-four percent of companies with 31 to 300 employees expected revenue gains in that range, while 53 percent of companies with more than 300 workers expected revenue gains in that range.
This entry was posted
on Tuesday, March 11th, 2008 at 4:11 pm by Jerry Gleeson.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: 
| 
Print
| 
Email
