Franchise Research
@statsspeak
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Joined August 2010
Seriousness of intent to start a biz is significantly correlated to the risk appetite of an entrepreneur
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Take the recent survey on franchise employment - https://spreadsheets.google.com/gform?key=tVMYfn9bp8fp4CG69ZdN7gw#invite
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52% of the entrepreneurs in India don’t agree that government provides necessary skill and knowledge to run the business
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Only 29% of enterpreneurs in India avoid risk wherever possible and hence a majority is banking on their legacy of taking calculated risk
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Yes or no? A total of 61.6% of entrepreneurs agreed that they want to follow the example of someone he admires
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do we lack we lack legendary entrepreneurial success stories ?
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Is Indian socioty too protective and taking risk is a considered foolish?
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89% of new gen entrepreneurs believe freedom to be one`s own boss is the biggest motivators
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40% of second generation feels that continuing the family tradition of owing a business is the major motivator to become an entrepreneurship
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Beaming with confidence the Indian entrepreneur believes he has the prerequisite knowledge and skill (86%) for starting & running a business
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The new gen entrepreneurs believe freedom to be one`s own boss is the biggest motivators (89%)@`Entrepreneurship in India` study
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85% of Indian entrepreneurs wants to start their own business to earn more money than they can in relatively riskier option for instance job
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So whats driving entrepreneurs in India ?Name ,Fame or money?
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Lack of professionalism (62%) as well as corruption (59%) are some of the flaws in the Indian work culture, says the entrepreneurs surved
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62 percent of entrepreneurs believes that it is crazier to execute a business idea as things don’t move quickly in India. says the study
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76 percent of the entrepreneurs agree that it is difficult to start a business in India,says entrepreneurship in India study
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So what`s your battle plan for 2011?Take the poll https://spreadsheets.google.com/viewform?formkey=dElXX1Q1cVh4SzQ0Y3dJOTFIcDk0SGc6MQ
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People in the age group 20-30 (43%) and 30-40 (40%) are most ready to start their business `Right Now`@ Study `Entrepreneurship in India.`
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