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.
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