{"id":13067,"date":"2019-08-18T09:51:48","date_gmt":"2019-08-18T04:21:48","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=13067"},"modified":"2019-08-18T09:51:48","modified_gmt":"2019-08-18T04:21:48","slug":"godaddy-released-a-global-entrepreneurship-survey","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/godaddy-released-a-global-entrepreneurship-survey\/","title":{"rendered":"GoDaddy released a Global Entrepreneurship Survey"},"content":{"rendered":"

\u2022 GoDaddy Survey Shows That Indian Entrepreneurs and Small Business Owners Are More Inclined Towards Building an Online Presence, Than Global Counterparts.<\/span><\/strong><\/p>\n

\u2022 The survey looks at how small business owners and entrepreneurs are tackling external challenges impacting the growth of their business.<\/span><\/strong><\/p><\/blockquote>\n

New Delhi, India, August 18, 2019 :\u00a0\u00a0<\/strong><\/span>GoDaddy, the company that empowers everyday entrepreneurs, released a Global Entrepreneurship Survey<\/strong>\u00a0today, revealing interesting insights around the current state and journey of small business owners in India compared to other regions around the world. According to the survey, small businesses in India that are already online are much more inclined towards building a website for their business than their global counterparts. Almost one-third\u00a0(32%<\/strong>)\u00a0of the total Indian small businesses surveyed (that are online) reported that\u00a0they already have a website\u00a0and\u00a0about\u00a019%<\/strong>\u00a0responded that they\u00a0plan to build a website soon<\/strong>\u00a0as compared to\u00a0only 16%<\/strong>\u00a0of their global counterparts.<\/span>
\n\u00a0<\/span>
\nThe survey also delves into the swirl of challenges faced by Indian SMBs, which require them to adapt, in order to flourish.\u00a042%<\/strong>\u00a0of the Indian small businesses surveyed cited their\u00a0inability to invest sufficiently in the businessas a\u00a0major growth challenge<\/strong>. Other external challenges included\u00a0societal turbulence (35%)<\/strong>\u00a0and\u00a0failure to keep up with the technological advancements (23%)<\/strong>.<\/span>
\n\u00a0<\/span>
\nCyber-attack<\/strong>\u00a0is another concern that\u00a021% of the Indian entrepreneurs<\/strong>\u00a0cited as a\u00a0potential challenge<\/strong>\u00a0to their success. While, only\u00a08%<\/strong>\u00a0of Indian small business owners responded that\u00a0they experienced a cyberattack,\u00a031%<\/strong>\u00a0of them responded that they\u00a0lost access to their accounts,\u00a028%<\/strong>\u00a0said\u00a0it cost them money to get it fixed<\/strong>\u00a0and\u00a023%<\/strong>\u00a0mentioned that\u00a0it compromised client information<\/strong>, supporting the concept that while it may not happen often, security should be a priority.<\/span>
\n\u00a0<\/span>
\nEven with these challenges, small business owners in India remained optimistic, with\u00a046%<\/strong>\u00a0reporting that\u00a0they expect to grow at least 50% in the next three to five years<\/strong>, which is\u00a01.7 times<\/strong>\u00a0more as compared to the global counterparts\u00a0(only 27%<\/strong>).<\/span>
\n\u00a0<\/span>
\n\u201cOwing to the massive growth of digital economy in India, entrepreneurs and small business owners are showing increased optimism towards creating an online identity that can prove critical for their long-term growth and expansion. As these business owners embark on their journey towards digital transformation,\u00a0we at GoDaddy, aim to provide them with the guidance and easy-to-use and affordable online tools and solutions to help them grow and prosper,\u201d\u00a0said\u00a0Nikhil Arora, Vice President and Managing Director, GoDaddy India<\/strong>.<\/span>
\n\u00a0<\/span>
\nWhile technology can help reduce barriers to entry for creating a small business, it can also help the business owners to become successful entrepreneurs.\u00a030%\u00a0of the Indian respondents said that they believe that\u00a0technology tools will help them expand their reach and create a better market place. Moreover, about\u00a026%of the Indian small business owners responded that\u00a0technology will run the business more efficiently and cost effectively, whereas\u00a023%\u00a0of the respondents said that\u00a0technology will help maintain a close relationship with customers.<\/span>
\n\u00a0<\/span>
\nBesides looking at how businesses are adapting to change, the GoDaddy Global Entrepreneurship Survey also elaborates the behavioural aspects of small business owners in India. <\/span><\/p>\n

Here are some of the key findings:<\/span><\/strong><\/p>\n

\u2022\u00a041%<\/strong>\u00a0of entrepreneurs in India\u00a0value the flexibility of running their own business<\/strong>, saying it\u2019s the best aspect of being an entrepreneur. For\u00a013%<\/strong>\u00a0of respondents,\u00a0security\u00a0<\/strong>and\u00a0status\u00a0of owing a business<\/strong>\u00a0is the biggest benefit of running their own small business<\/span><\/p>\n

\u2022 On the flipside,\u00a022%<\/strong>\u00a0said that\u00a0uncertainty about the future\u00a0and\u00a0finding good workers<\/strong>\u00a0are the\u00a0two key obstacles in being a successful small business owner<\/strong>, while\u00a021%\u00a0cited the\u00a0risk of failure\u00a0as the\u00a0third most challenging\u00a0thing about owning a small business<\/span><\/p>\n

\u2022 Interestingly,\u00a085%<\/strong>\u00a0of Indian respondents said they would\u00a0start their own business if they had to make the choice again<\/strong>\u00a0knowing what they know now (Global: 79%<\/strong>), and\u00a082%<\/strong>\u00a0Indian respondents reported they are\u00a0happier since becoming an entrepreneur\u00a0(Global: 72%)<\/strong><\/span><\/p>\n

\u2022 Out of those who claimed to have a running website,\u00a060%<\/strong>\u00a0of them responded that they have a\u00a0regional enabled website<\/strong>. Moreover,\u00a062%<\/strong>\u00a0said that their website supports\u00a0English and Hindi\u00a0as the language to help the customers understand services offered<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022 GoDaddy Survey Shows That Indian Entrepreneurs and Small Business Owners Are More Inclined Towards Building an Online Presence, Than Global Counterparts. \u2022 The survey looks at how small business owners and entrepreneurs are tackling external challenges impacting the growth of their business. New Delhi, India, August 18, 2019 :\u00a0\u00a0GoDaddy, the company that empowers everyday […]<\/p>\n","protected":false},"author":1,"featured_media":13068,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,4],"tags":[7154],"class_list":{"0":"post-13067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gadgets-and-apps","8":"category-technology","9":"tag-godaddy-global-entrepreneurship-survey"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/13067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=13067"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/13067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media\/13068"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=13067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=13067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=13067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}