The Lure of Entrepreneurship–Australia’s Start Up Culture

By July 20, 2016 No Comments

One in three Australian’s have an ambition to own their own business, proving Australia’s start-up culture is alive and well.

A new report from NAB Economics, surveying 1,000 Australians, reveals a strong entrepreneurial spirit among aspirational business owners.

Among the key findings of the survey:

Around 1 in 3 Australians would like to own their own business with young Australians clearly the most aspirational (nearly 1 in 2)

Over 1 in 2 men say they have “good” to “excellent” levels of entrepreneurship compared to 41% women

The most popular new businesses are cafes and retail, followed by IT and personal services

Most budding entrepreneurs would go it alone or with their spouse and partner

Around 40% of budding entrepreneurs and 75% of existing business owners need/needed less than $50,000 to get their business off the ground

Over 1 in 3 aspirational and existing business owners would be keen to be part of “community” of entrepreneurs.

At FirstPoint we get it when it comes to the entrepreneur, if you’re self employed and looking to grow your business we offer unsecured business loans loans from $5,000 up to $250,000 with 24 hour approval for the right customers.  If it’s time to turbo charge your business, call us today.

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