Entrepreneurs: NZ Maori & UK Youth
Two very interesting new studies out today from Babson College today:
The first, a look at Maori of New Zealand is the largest-ever survey of indigenous entrepreneurship:
- In terms of Total Early-Stage Entrepreneurial Activity, Aotearoa (Maori New Zealanders) at 17.7% and New Zealand at 17.6% were surpassed globally only by two other countries (Thailand and Venezuela).
- About 83% of Maori entrepreneurs are opportunity entrepreneurs, a value comparable to Canada, Austria, and the United States.
- About 25.0% of Maori versus 13.1% of the general population say they expect to launch a start-up in the next three years.
- Maori are great starters-up of business, but only 37% of Maori entrepreneurial start-ups survive three-and-a-half years compared to 62% in the general population.
The second explored entrepreneurial activity amongst UK youth:
As well as expecting to be their own boss within three years (13.4% for 18-24 age group compared to 9.3% for 35-44 age group), GEM UK found 18-24 year olds were the most positive in their attitudes towards entrepreneurs, with 69.7% regarding it as a good career choice. Entrepreneurs were also given the highest status among the young.
Photo by cheetah100.
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