The National Dialogue on Entrepreneurship cites two interesting studies on entrepreneurship.
“A new survey from credit card firm Capital One and Consumer Action reveals that the American entrepreneurial spirit is alive and well. The survey found that 40% of Americans dream of owning their own business. The primary reasons for desiring this career option were ‘to do what they want to do’ and ‘to be (my) own boss.’ Within this group of aspiring entrepreneurs, nearly 55% felt that they ‘don’t know where to begin.'”
These results are both a bit concerning to me. The “Be Your Own Boss” myth is one that I try to warn aspiring entrepreneurs about. Entrepreneurs actually have many people to whom they are accountable including, partners, customers, employees, family, bankers, investors, etc., etc. The “don’t know where to begin” response speaks to the need for education for entrepreneurs so they avoid the “ready, fire, aim” approach that I see so many new business owners mistakenly take in their launches.
“Another survey from Wells Fargo and Gallup…found that 86% say they would do it again. Overall, 48% felt that they were very successful, while another 46% said that they were ‘somewhat successful.’ Only 5% felt they had not succeeded. Finally, 76% of the entrepreneurs noted that they believed they were better off financially than if they had opted to work for another company.”
Sounds like a good endorsement to me!
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