2016 BNP Parıbas Global Entrepreneur Report
Entrepreneurs in China, India and Turkey had the best year in terms of increased profits relative to all countries surveyed. Approximately two thirds of successful HNW and UHNW entrepreneurs in those countries remarked that their company profits had increased. These same three countries have the highest level of positive expectations for the coming year. Entrepreneurs in Turkey have the highest gross profit margin expectations for the coming year in their businesses at an average of 40.8%. Turkey Turkey is evidently the emerging entrepreneurial force to be reckoned with. In the last report the nation was noted for its strong levels of optimism and activity in private business ownership. This year, almost two thirds (61.8%) noted a rise in operating profits in their business in the last 12 months and 73.5% of Turkish entrepreneurs expect this growth to continue in the 12 months to come. Moreover, their profit margin targets top all countries at a staggering 40.8%. These results may also explain the fact that Turkish entrepreneurs have among the highest ratio of companies started at 8.9 on average.