Only 14% of Georgians aspire to start a business

IN OTHER NEWS – A new survey reveals that only 14 percent of Georgia Residents aspire to become an entrepreneur.

Release:

Did you know that only 14% of Georgia residents dream of starting their own business?

Interestingly, when asked about industries they would pursue if given the opportunity to open a business without restraints, the survey results found:

Entertainment and Media: 11%

Food and Beverage: 19%

Travel and Hospitality: 14%

Fashion and Apparel: 12%

Health and Wellness: 11%

A new survey has revealed that 9%of Americans are dreaming of starting a business. But who are these aspiring entrepreneurs, and what industries are they interested in?

The survey, conducted by VoiceNation, found Americans aged 45-54 have the most drive to start a business, with 13% naming it as their dream career. In comparison, only 10% of 18–24-year-olds considered it as a career goal.

Among older generations, only 5% of those aged 65 and above named being an entrepreneur as a dream career choice. Instead, teaching ranked as the top career aspiration for this age group.

What industries are people most interested in?

The Food and Beverage industry ranked highest as the most popular choice for new business owners in the U.S., with 18% of aspiring entrepreneurs gravitating towards this sector. Other popular industries include:

• Food and Beverage: 18%
• Health and Wellness: 10%
• Travel and Hospitality: 10%
• Technology and Software Development: 9%
• Entertainment and Media: 8%

Gender Differences in Entrepreneurship

The data revealed a differences between male and female entrepreneurs regarding their business interests. While both genders are driven toward the Food and Beverage industry as the most popular option, men were more likely to lean towards Technology and Software Development (14%) and Entertainment and Media (10%). In contrast, women showed more interest towards Health and Wellness (13%) and Fashion and Apparel (11%).

Industry Preferences by Age Group

Food and Beverage ranked highest across all age groups for those looking to enter the business world.

The data found for 18-24 year olds:

Surprisingly, for those aged 35-44, Technology and Software Development emerged as the second most desired industry (11%).

The data found for 65+ year olds:

Dan Marshall, Group Head of Digital at Moneypenny and VoiceNation, shares his thoughts on the findings:

“Starting a business is not something that happens overnight, it requires careful planning and effective communication with everyone around you. For aspiring entrepreneurs, seeking out resources and a support network is essential when launching a new venture. With the right guidance and determination, the pursuit of a dream job can be within reach.

Additionally, for those needing assistance with customer service or help lines, VoiceNation is here to support your journey.”

The data found that 9% of Americans have dreamt of starting a business, highlighting the importance of exploring available options and support as they embark on this entrepreneurial path.

Moneypenny spoke to Andrea Reynolds, who is a Co-founder and CEO at Swoop, who said: “Any founder knows that funding plays a crucial role in building sustainable, growing businesses. While many of us are rightly wary of getting into too much personal debt, borrowing for a business should be thought of as a way to use your future success to invest in your business now,” 

“For example, if you can’t earn anything until you have a truck to carry out your work, it makes sense to borrow and get a truck so that you can start earning. Lenders have produced innovative products aimed at solving particular business problems, with many businesses finding non-traditional products more suitable for their needs.”

“Swoop has a focus on boosting cash flow for customers, we will look at saving money on financial products such as bank accounts and insurance, as well as getting the best deals on borrowing. We also have an active grants department to identify government help and a network of equity investors looking for businesses to back.

If you would be interested in knowing more, the national data can found on site: https://voicenation.com/resources/how-many-americans-achieve-their-dream-job/