Entrepreneurship is The New Way of Business

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Did you know that Australia is amongst the world’s most entrepreneurial countries? Ernst & Young (EY) listed Australia in their top five along with Canada, South Korea, the UK and the US.

Entrepreneurship in Australia is perceived to give us a sense of independence. Its current rise in popularity apparently comes down to Gen Y and their ambitious desire to be their “own boss” – and it’s a trend that is definitely catching on.

There’s no doubt that Australians have the characteristics to succeed as entrepreneurs, but our country and business environment may also have a large part to do with it.

EY’s study was based around a few key inputs; business environment, barriers to entry, enablers of entrepreneurship and government initiatives. Results show that we have a really great entrepreneurial ecosystem. So if you’ve been thinking of starting up a business, maybe turning a strong passion into one, there’s no better time than now!

And just in case you’re not a Gen Y, it’s never to late to start.

Think back 20 years ago… entrepreneurship was rarely spoken of. It was something only a select few took part in before moving onto something “big” – or real (as in ‘get a real job’). And for those that did succeed, the media took great delight in showcasing their demise on the front page (think Alan Bond, Christopher Skase, et al).

A few years later and entrepreneurs are quite literally popping up everywhere. It’s a career path that is being encouraged more and more in Australia, so much so that you can now study ‘entrepreneurism’ at University.

But back to the reason why it’s become so popular. In our last two blogs, we looked at the opportunities start-up business owners now have. From virtual offices to hot desking, business owners (and entrepreneurs) now have a growing range of working environments and facilities to work from – helping entrepreneurs achieve the flexible and professional environment they need to succeed.

The ever evolving technology that you have access to means you don’t go to work, work comes with you. Whether it’s to a co-working hub, serviced office, a cafe or even your bed, access to WiFi and cloud computing has opened up new and exciting opportunities for entrepreneurs and small business owners.

At the end of the day, it has become a lot easier to work for yourself. New activity-based working environments are giving entrepreneurs the facilities and encouragement they need to succeed on their own. It’s also now a bit of a given that there’s little job security left in corporate-land and hence you’ve probably got more security in working for yourself especially if you have several clients (in that if you lose one, you still get paid by the others – as opposed to losing your job).

One of the most encouraging factors of all, it’s considerably easier to get funding if you’re a high-potential start-up than it use to be. And banks, now over their jitters from the GFC, are beginning to befriend small business again.

So if you’ve been considering doing your own thing and taking the entrepreneurial leap of faith for a while, now it would seem is the perfect time to start-up.

If you’re an ambitious entrepreneur or you are thinking about starting up a new business, we’d love to help you find the right working environment to help you succeed. Give us a call on 9994 8000 or drop us a note.

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Article by Michelle

April 29, 2014