Barely a day goes by without a new report on entrepreneurship or a piece of research on the start-up boom making its way into our inboxes. While many simply add to the white noise surrounding the debate, some manage to cut through an offer fascinating insight.
Are we all now entrepreneurs? Here are nine facts from 2015 that tell the story of the state of entrepreneurship.
The study from Barclays and the University of Cambridge reveals that only 42 per cent of women claim that their businesses are prospering, in comparison to 62 per cent of men. But on average, businesses run by women are reporting higher pre-tax profits than businesses run by men – with the study suggesting that female entrepreneurs are simply downplaying their success.
Synonymous with the UK’s new wave of start-ups, the pop-up market has made an incredible impact on the country’s business landscape. Pop-ups now account for 0.76 per cent of the entire UK retail market, making an annual increase of £200 million in sales.
This research estimates entrepreneurship as the percentage of an adult population who own or co-own a business that has paid salaries for more than three months, but less than 42. Although you might have guessed a country like the US would rank as most entrepreneurial, the analysis revealed an unexpected winner in Uganda.
The degrees attained by the world’s wealthiest individuals cover a wide spectrum, from art history to medicine. Surprisingly, business was not the most prevalent choice, with engineering being revealed as the most popular degree by almost double any other. Engineering degrees were held by 22 per cent of the world's listed billionaires, such as Carlos Slim [right].
In order to compile the figure the report’s authors spoke to over half a million participants across the 132 countries included in the index, focusing on 14 key pillars. These ranged from start-up skills to networking ability, cultural support to risk capital and even product innovation.
43 percent of British entrepreneurs have claimed that they are unable to pay themselves a wage on a regular basis. Of the many obstacles to overcome for a fledgling entrepreneur the lack of a reliable source of income was said to be the most challenging, however there were a number of other problems to tackle.
People who work in businesses with five to nine members of staff are significantly happier than the employees of larger organisations, according to new research, with those who work in companies comprised of 100 to 499 employees apparently the least satisfied.
Research surrounding opportunities for women in business often makes for bleak reading, however this data seems to suggest that some countries are making impressive progress. Colombia and Saint Lucia have gone to great lengths to achieve gender equality, with women accounting for 53.1 per cent and 52.3 per cent of management positions in those countries.
Despite the findings, detailed above, that women entrepreneurs are more likely to offer a sizeable return on investment, it still seems as though male entrepreneurs have an easier time raising funds to turn their ideas into a reality.