Entrepreneurship Survey: Many More Interested in Business Ownership

Today is National Entrepreneurship Day, a day created to celebrate entrepreneurs and encourage other interested people to start their own business ventures. Entrepreneurship can be a challenging journey, but also a rewarding one for a lot of people. So how many people currently consider themselves entrepreneurs? And how many are interested in doing so in the future?

entrepreneurship

Business Owners

In Ask Your Target Market’s latest survey, 6% of respondents said they currently own multiple businesses. Another 16% said they own one business. 10% don’t currently own a business, but have in the past. And 69% of respondents have never owned their own business.

Entrepreneurship

Of those who currently own businesses, 50% said they run their businesses as a full-time job. 36% said they work part time on their business and have other jobs on the side. And 25% said they have freelance businesses.

The length of business ownership among respondents varies as well. 19% of business owners said that they started or took ownership of their business within the last year. 20% started their businesses 1 to 2 years ago. 26% did so 3 to 5 years ago. 18% started businesses 6 to 10 years ago. Another 18% did so 11 to 20 years ago. And 11% of business owners said they’ve owned their businesses for more than 20 years now.

Growing Interest

Of those who do not currently own a business, 49% said that they would like to one day. 43% even have an idea of what type of business they would like to own. However, just 23% said they’ve taken steps toward starting or owning their own business. And 22% said that they will likely start or take ownership of a business within the next five years.

You can view the complete survey results in the widget below and be sure to click “Open Full Report” to take advantage of all the chart and filter options.

Photo Credit: Child Entrepreneur Lemonade Stand 50 Cents Each Qiqi Lourdie June 24, 20111 from Flickr

What do you want to know? If you need some consumer insights on a particular topic, let us know in the comments below and we’ll consider it for an upcoming survey post.

Results were collected on November 16 via AYTM’s online survey panel.

ABOUT THE AUTHOR: Anne Pilon
Anne Pilon brings 3 years experience to AYTM as a blogger and journalist. She has a degree in journalism and marketing communications from Columbia College in Chicago and enjoys writing about business, marketing, social media, and art.