New Report Reveals Fascinating Statistics About Entrepreneurs
As entrepreneurship is easily becoming one of the top career choices for young people all around the world, it’s about time someone published a “state of entrepreneurship” report — a massive and complete survey of what entrepreneurs everywhere think about the world of entrepreneurship.
Amway published their 2014 Global Entrepreneurship Report to gather stats on the global state of self-employment. Surveys took place from April to July of 2014 and included answers from 42,902 men and women aged 14-99 in 38 countries. Representative target groups were set based on each of the country’s population, and responses were taken either face-to-face or over the phone.
Here are the global stats on entrepreneurs you need to know.
The Most Optimistic Entrepreneurs in the World
Respondents answered the question, “How do you see entrepreneurship and can you imagine starting your own business?” The blue lines represent the averages of all responses, while the red line depicts a linear trend between perceived potential and positive attitude. The most optimistic entrepreneurs in the world would seem to be from Mexico, Colombia, China and Brazil, while the least optimistic countries include Germany, Slovakia and Austria.
Top Reasons to Become an Entrepreneur
The survey asked entrepreneurs about the main driving force behind their entrepreneurial spirit. Each age group responded in chorus for each reason — “independence from employer, being my own boss” was the top reason for every age group followed closely by “self-fulfillment, possibility to realize own ideas.” “Return to job market, alternative to unemployment” and “better compatibility of family, leisure time and career” were the least popular reasons to become an entrepreneur.
The Most Entrepreneur-Friendly Societies in the World
Respondents in each country were asked how friendly or unfriendly their society was towards entrepreneurship in general. Light blue indicates “very friendly to rather friendly,” while the darker blue indicates “rather unfriendly to very unfriendly.” Denmark, Sweden and South Africa are among the most entrepreneur-friendly countries in the world, while Romania, Canada and Portugal are inversed in percentage for being the most unfriendly places in the world for entrepreneurs.
Are Entrepreneurs Born or Taught?
Each country’s respondents shared their view on whether they think entrepreneurship and business sense can be taught or if you are simply born with it. In China and Mexico, a whopping 83 percent and 82 percent of the responders, respectively, believe in learning to be an entrepreneur. Japanese respondents were not as ambitious, with only 40 percent of entrepreneurs there believing that entrepreneurship can be taught.
The Most Important Skills for Any Entrepreneur
Entrepreneurs were asked which aspects of entrepreneurship education are most crucial to someone looking to start their own business. The greatest percentage fell on “basic business skills” with 42 percent, followed by “leadership and management skills” and “entrepreneurship in practice,” both with 37 percent. Not on the graph are the top three learning institutions ranked by entrepreneurs to learn these skills (other than being self-taught), which include “Schools and secondary education” (37 percent), public startup-programs (33 percent) and then universities and higher education at the bottom (32 percent).
Another side statistic shows that young people under the age of 35 believe universities hold the most responsibility in teaching entrepreneurship, while all age groups agree that schools and secondary education should teach entrepreneurship in general. But when it comes to their actual entrepreneurial education, only an underwhelming 11 percent are fully satisfied. The next most positive group, 32 percent, are satisfied but believe their education could be improved. Lastly, 42 percent of entrepreneurs report disatisfaction with their educations.
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