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Economic Downturn Gives Birth to New Businesses


Results Overview

Date: 11/11/2008 3:21 PM PST
Responses: Completes
Filter: No filter applied


1. Did you purchase RingCentral for a new or existing business?

New business 132 51%
Existing business 127 49%
TOTAL 259 100%


2. If you started a new business, what prompted you to start the business (select as many as apply)

Recently downsized 20 11%
Need for secondary income source (have another job or business) 60 34%
Looking for more economic security 62 35%
Following a life-long dream 88 50%


3. Describe your business setup (select as many as apply)

Staff centralized in one physical office 41 16%
Home office 186 72%
Road warrior 45 17%
Employees in multiple locations 70 27%


4. Has the economic downturn negatively impacted your business?

Has not had any impact 50 19%
Has had some impact 116 45%
Has had a very strong impact 74 29%
Other, please specify 19 7%
TOTAL 258 100%


5. Are you reducing overhead costs to cope with the economic downturn?

Yes 181 70%
No 76 30%
TOTAL 259 100%


6. How are you reducting overhead costs?

Eliminating cost of physical office space 50 24%
Reducting costs of business services 99 48%
Reducing business travel 32 15%
Other, please specify 26 13%
TOTAL 207 100%


7. What industry are you in?

Real Estate 25 10%
Financial Services 18 7%
Technology 53 21%
E-Commerce 31 12%
Other, please specify 121 49%
TOTAL 248 100%