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1. Founders are more cautious in their financial forecasts for investors than non-founders

   In the forecasts they have to report to their investors, entrepreneurs overestimate their revenues for the following year by an average of 22%. Founders are consciously more cautious than non-founders. Investors who apply a standard discount to revenue forecasts therefore run the risk of being quite inaccurate themselves. Finally, over-optimism is penalised. Those who truly exaggerate find themselves being labelled as risky businesses. These are the most important conclusions of a new study on the use of entrepreneurs’ revenue forecasts as a tactic to impress investors.

2. Fast-growing companies serve as a beacon of employment during the coronavirus storm

   Fast-growing businesses are known as the engine of job creation. The 2020 Belgian High Growth Monitor shows that 920 fast-growing companies were responsible for 52,779 new jobs. Although these figures reveal that Belgium is doing less well than the European average, this group of healthy Belgian ‘gazelles’ does show stability. Over the years they have created around 50,000 jobs during each growth period. A hopeful sign, especially now that many companies are having trouble keeping their heads above water.