{"id":42979,"date":"2023-10-20T15:25:12","date_gmt":"2023-10-20T15:25:12","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/australia-one-of-the-worlds-most-entrepreneurial-countries-new-global-research-startupsmart\/"},"modified":"2023-10-20T15:25:12","modified_gmt":"2023-10-20T15:25:12","slug":"australia-one-of-the-worlds-most-entrepreneurial-countries-new-global-research-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/australia-one-of-the-worlds-most-entrepreneurial-countries-new-global-research-startupsmart\/","title":{"rendered":"Australia one of the world\u2019s most entrepreneurial countries: New global research – StartupSmart"},"content":{"rendered":"
\"\"<\/div>\n

The vast majority of Australians are pro-entrepreneurship and are interested in giving it a go, according to a new global report into attitudes towards self-employment and entrepreneurship released today.<\/p>\n

 <\/p>\n

The 2013 Amway Global Entrepreneurship Report surveyed over 26,000 people across 24 countries. Australia had the third highest rate of positive sentiment towards entrepreneurship with 84% of respondents, only 3% behind world leaders Finland and Denmark and 14% above the international average.<\/p>\n

 <\/p>\n

Small business and entrepreneurship academic Professor John Breen told StartupSmart<\/i> he suspected the high positive rate was due to focusing on entrepreneurship rather than running a small business.<\/p>\n

 <\/p>\n

\u201cA lot of research into attitudes to small business finds Australians view it as hard work. The emphasis on the word \u2018small\u2019 seems to imply you\u2019re on your own and it\u2019s going to be tough.\u201d Breen says. \u201cBut there is a difference in perceptions between small business and entrepreneurship.\u201d<\/p>\n

 <\/p>\n

The report found the leading reason for pursuing entrepreneurship was independence and being one\u2019s own boss<\/a>, and especially in Australia with 62% of local respondents listing it as a key attraction.<\/p>\n

 <\/p>\n

Pro-entrepreneurial spirit was especially high among Generation Y respondents, with 83% saying they were keen to become their own bosses.<\/p>\n

 <\/p>\n

\u201cThe changing nature of work these days has had a big impact on Gen Y. They\u2019re more aware that lots more people have to create their own careers, and that with the growing up with apps and computers at their fingertips from day one, they\u2019re more aware of the changing nature of the world,\u201d Breen says.<\/p>\n

 <\/p>\n

Breen adds Australia\u2019s successful navigation of the global financial crisis has probably also contributed to the positive attitudes to entrepreneurship.<\/p>\n

 <\/p>\n

Fear of failing was cited by two thirds of the respondents globally as an obstacle to starting out on their own. Just over half of Australian respondents (53%) reported it was an issue, and the most fearful countries with more than 90% of respondents in Japan, the Czech Republic and Italy.<\/p>\n

 <\/p>\n

For Australians reporting a fear of failure as an obstacle to launching a business, the leading concerns were financial burdens up to bankruptcy (38%), threat of an economic crisis (20%), threat of unemployment (15%) and legal consequences such as lawsuits (12%).<\/p>\n

 <\/p>\n

Only 4% of Australian respondents feared not being given a second chance.<\/p>\n","protected":false},"excerpt":{"rendered":"

The vast majority of Australians are pro-entrepreneurship and are interested in giving it a go, according to a new global<\/p>\n","protected":false},"author":1,"featured_media":60035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42979"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=42979"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60035"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=42979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=42979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=42979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}