YEO Partners with The Center for Entrepreneurship to Launch First Chapter
The Young Entrepreneurs Organization (YEO) at the initiative of The Center for Entrepreneurship opened its first chapter. Sean Magennis, President of YEO, announced the launch during a briefing. YEO and The Center for Entrepreneurship have combined efforts to support entrepreneurship by giving entrepreneurs access to YEO's networks and resources. As part of this partnership, The Center for Entrepreneurship plans to provide financial, administrative, and organizational assistance to YEO and its chapters. YEO currently has 5,000 members, with an average age of 35 and average company revenue of $9 million per year. The organization has 120 chapters in 34 countries. Entrepreneurs under 40 who own, founded, or partner in a company with minimum revenues of $1 million per year can become members. The chapter expects over one thousand entrepreneurs in several years. The chapter president believes that by the end of 2003, 25-30 members will join. YEO branches are financed through annual fees, with membership costing $790 annually. There are also plans to open another branch office later in 2003. The Center for Entrepreneurship offers educational and networking opportunities to meet the needs of entrepreneurs of fast-growing companies.
Key Organizations Involved
The Young Entrepreneurs Organization (YEO) is a global network of young business owners, providing peer-to-peer learning and connections to enhance business growth. Established in 1987, YEO unites entrepreneurs across various industries to foster innovation and support. Membership benefits include access to networking events, mentorship, and resources tailored to entrepreneurial needs. YEO's mission is to engage, educate, and empower entrepreneurs, helping them scale their businesses and achieve new heights of success. By partnering with The Center for Entrepreneurship, YEO aims to broaden its impact and provide an extensive support system for emerging business leaders. This collaboration exemplifies their commitment to nurturing entrepreneurial talent through strategic alliances and knowledge sharing.