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Old 10th June 2010, 03:01 AM   #1
emarket
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Default Business Start Up Facts

These facts about new businesses might help you decide what business you want to start
-- 59.7 percent of respondents indicated they had at least one child when they launched their first business, and 43.5 percent had two or more children.

--The majority of the entrepreneurs in the sample were serial entrepreneurs. The average number of businesses launched by respondents was approximately 2.3.

-- 74.8 percent indicated desire to build wealth as an important motivation in becoming an entrepreneur.

-- Only 4.5 percent said the inability to find traditional employment was an important factor in starting a business.

-- Entrepreneurs are usually better educated than their parents.

-- Entrepreneurship doesn’t always run in the family. More than half (51.9 percent) of respondents were the first in their families to launch a business.

-- The majority of respondents (75.4 percent) had worked as employees at other companies for more than six years before launching their own companies.

Which of the above surprises you the most and alters your mental model of what entrepreneurs are like?


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Old 19th June 2010, 09:21 PM   #2
cfoservices
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What I find most interesting is:

"74.8 percent indicated desire to build wealth as an important motivation in becoming an entrepreneur."

I am wondering how successful that 74.8% were as my understanding is that most of the successful entrepreneurs had a passion in what they did. The solution they had to a problem was the motivating factor in becoming an entrepreneur. The money was secondary.

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Old 25th June 2010, 01:32 PM   #3
Entreprenette
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This study is 'ME' all over, I think I fit into every catergory as a 'yes'

I am up to my second business venture currently but have
loads more of ideas waiting to be launched over the next 5/10 years.

Thanks for the info, keep it coming!!

Regards

Jo

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Old 2nd July 2010, 07:09 AM   #4
Martin123
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"59.7 percent of respondents indicated they had at least one child when they launched their first business, and 43.5 percent had two or more children."

This surprises me the most. I prefer to start it early in life when I have less responsibilities.

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Old 4th July 2010, 08:27 PM   #5
TonyM
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I have to admit that this

Entrepreneurship doesn’t always run in the family. More than half (51.9 percent) of respondents were the first in their families to launch a business.

surprised me more than any other.

While my father was the first in his family to start his own business, myself and one brother did the same. (The other guy married a girl who started her own business - does that count? ) But nobody I know whose parents weren't self employed has ever even considered it, preferring, as one friend put it, to take the easy option and be a slave for 40 or so years.

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