Do you want to become a successful entrepreneur? If yes, here are the ten interesting facts to know and get inspiration. Read Details Here!
Interesting Facts About Entrepreneurs
Entrepreneurship is an excellent way to escape the traditional 9-5 job, turn your idea into business, and streamline your financial status. Today’s article will highlight the top ten interesting facts about entrepreneurs. Read on!
1. Self-Made Entrepreneurs Become Millionaires
Research shows that 88% of millionaires in the U.S and Canada are self-made entrepreneurs, and 12% inherit money. So, entrepreneurs have the ability to become millionaires if they follow the rules of entrepreneurship and business and work diligently to achieve their goals.
2. Entrepreneurs are their Own Bosses
Entrepreneurs want to become their own bosses. According to Guidant Financial, 26% of entrepreneurs want to achieve financial and corporate freedom. About 23% of entrepreneurs want to pursue their dreams and passions, and 19% become the core motivators to streamline their businesses.
3. Entrepreneurs Love Canada
Although every country has its rules, regulations, and policies for entrepreneurs, research highlights that entrepreneurs love Canada because it ranks third among the G7 countries. According to the GEM report, many factors influence entrepreneurs to start and run successful businesses in Canada.
4. The Power of Freedom
Entrepreneurs have the power of freedom to their businesses effectively, reliably, and cost-effectively. Your goal as an entrepreneur is to achieve your goals and develop a brand reputation.
Remember, the sky is the limit. The only limitations are the ones they set for themselves. However, you can establish the parameters, set the tone, and continue running a successful business.
5. Great Sense of Accomplishment
As an entrepreneur, you can enrich yourself, make substantial efforts toward your goals, and run a successful business. Although you will face various challenges, your commitment to hard work can give you a tremendous sense of self-worth, self-reliance, and self-esteem, encouraging you to achieve your goals.
6. Female Entrepreneurs are the Future
The Women Business Enterprise Council reports that women own 40% of businesses in the United States. Female entrepreneurship is on the rise and has increased by 114% in the last two decades. So, women play a critical role in improving entrepreneurial economies.
7. Higher Life Satisfaction
Unlike employees working in various companies, entrepreneurs have higher life satisfaction rates because they have opportunities to turn their ideas into actions, run profitable businesses, build brand reputations, and achieve financial freedom.
8. Higher Returns on Investments
Entrepreneurs are world-class CEOs and financial managers. Latest reports and analytics show that entrepreneurs in Canada and the U.S run technology companies to generate higher returns on investments. Studies highlight those entrepreneurs starting and running technology corporations generate 35% more ROIs than other companies in other industries.
9. Successful Entrepreneurs Have Good Mental Health
Although a study by UC Berkeley highlights that 72% of entrepreneurs experience mental health conditions, successful entrepreneurs take care of their mental health, practice self-care, have a morning routine, journal out of their bad feelings, take breaks, practice meditation, and maintain a balanced diet.
10. Entrepreneurship is on the Rise
There are over 582 million entrepreneurs worldwide. Entrepreneurship is rising because it allows people to start and run successful businesses, gain a better market understanding, and develop profitable brands. Countries with friendly policies will see a whopping economic improvement in the coming years.
Entrepreneurs create new products and services, provide employment opportunities, accelerate economic growth, and support the government, public, and private sectors to improve the socio-economic climate of a country.