{"id":7684,"date":"2024-05-07T00:01:00","date_gmt":"2024-05-07T04:01:00","guid":{"rendered":"https:\/\/pagely-test.frontdoor.godaddy.com\/ventureforward\/?p=7684"},"modified":"2024-06-14T19:58:03","modified_gmt":"2024-06-14T23:58:03","slug":"life-is-better-as-an-entrepreneur-and-survey-respondents-agree-according-to-godaddy-research","status":"publish","type":"post","link":"https:\/\/www.godaddy.com\/research\/life-is-better-as-an-entrepreneur-and-survey-respondents-agree-according-to-godaddy-research\/","title":{"rendered":"Life is better as an entrepreneur and survey respondents agree, according to GoDaddy research"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><strong>The big fact<\/strong><\/h4>\n\n\n\n<p>Over half of microbusiness owners from the U.S. and U.K. agree that life is better as an entrepreneur, according to <a href=\"https:\/\/www.godaddy.com\/research\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-eid=\"comms.microsites.venture-forward\/link.e38c253cb003a4c0d72ab667d8eb2c6a\">GoDaddy Venture Forward research<\/a>. <a href=\"https:\/\/www.forbes.com\/sites\/bernhardschroeder\/2022\/04\/01\/entrepreneurs-are-happier-and-healthier-than-employees-according-to-university-research-studies\/?sh=7739c5253ee6\" target=\"_blank\" rel=\"noreferrer noopener\" data-eid=\"comms.microsites.venture-forward\/link.0873ca7f9288c117f8f4981e277441d5\">Research<\/a> from academic institutions, including Baylor University and Louisiana State University highlight similar trends.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"840\" src=\"https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/05\/GDVF-What-brings-you-joy_1-1024x840.png\" alt=\"\" class=\"wp-image-7830\" srcset=\"https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/05\/GDVF-What-brings-you-joy_1-1024x840.png 1024w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/05\/GDVF-What-brings-you-joy_1-768x630.png 768w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/05\/GDVF-What-brings-you-joy_1-1536x1260.png 1536w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/05\/GDVF-What-brings-you-joy_1-320x263.png 320w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/05\/GDVF-What-brings-you-joy_1-120x98.png 120w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/05\/GDVF-What-brings-you-joy_1.png 1994w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Tanika \u201cNika\u201d Nelson, Owner and Head Designer of <a href=\"https:\/\/nikascupcakebar.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-eid=\"comms.microsites.venture-forward\/link.8f559a1791a0e787149a6e996da998f5\">Nika\u2019s Cupcake Bar<\/a> is the perfect example of someone whose microbusiness helped improve her life. She started baking during a difficult time and viewed it as an opportunity to focus on something that creates beauty and happiness. She came to <a href=\"https:\/\/www.godaddy.com\/godaddy-for-good\/empower\" target=\"_blank\" rel=\"noreferrer noopener\" data-eid=\"comms.microsites.venture-forward\/link.63bfc7fdaebf1b59edb5b5f068946f70\">Empower by GoDaddy<\/a>, GoDaddy\u2019s global social impact program to learn new digital skills, network and gain other tools to accelerate her business marketing efforts. For Nika, it is especially rewarding as an entrepreneur to take an idea, put it on paper, and do the work to make that idea come to life.<\/p>\n\n\n\n<p>\u201cEveryone tells you as a child that you can be whatever it is that you want to be, and you can do whatever you want to do,\u201d said Nika. \u201cIt\u2019s true and I am proof.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/04\/2023_08_11_Nikas_Cupcake_Bar_AK_05636-1024x682.jpg\" alt=\"\" class=\"wp-image-7716\" srcset=\"https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/04\/2023_08_11_Nikas_Cupcake_Bar_AK_05636-1024x682.jpg 1024w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/04\/2023_08_11_Nikas_Cupcake_Bar_AK_05636-768x512.jpg 768w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/04\/2023_08_11_Nikas_Cupcake_Bar_AK_05636-320x213.jpg 320w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/04\/2023_08_11_Nikas_Cupcake_Bar_AK_05636-120x80.jpg 120w, https:\/\/www.godaddy.com\/research\/wp-content\/uploads\/2024\/04\/2023_08_11_Nikas_Cupcake_Bar_AK_05636.jpg 1400w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-cyan-bluish-gray-color has-text-color\"><em>Tanika &#8220;Nika&#8221; Nelson, Nika&#8217;s Cupcake Bar, NIKASCUPCAKEBAR.COM<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Generational and geographical differences<\/strong><\/h4>\n\n\n\n<p>Though both U.S. and U.K. respondents agree that life is better as an entrepreneur, that sentiment differs by location and by age, skewing older and more positive in the U.S.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>68% of Generation Z respondents in the U.S. agree that life is better as an entrepreneur, compared to 50% of their counterparts in the U.K.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Baby boomers in the U.S. (75%) are even more satisfied with their entrepreneurial life than Gen Z, compared to 69% of baby boomers in the U.K.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Baby boomers in the U.S. tend to earn more than Gen Z, while in the U.K., Gen Z and baby boomers report making the same annual revenue.<\/li>\n<\/ul>\n\n\n\n<p>Learn more about these trends, <a href=\"https:\/\/www.godaddy.com\/research\/entrepreneur-survey-results-for-u-s-and-u-k\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-eid=\"comms.microsites.venture-forward\/link.4a2a365c966707377da05dcb9ab1959c\">here<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Business size doesn&#8217;t matter<\/h4>\n\n\n\n<p>Women are narrowing the gender gap with smaller businesses and less funds.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>In the U.S., <\/strong>the most popular aspiration for women (40%) is to <strong>be a solopreneur and stay small.<\/strong><\/li>\n\n\n\n<li><strong>For both the U.S. and U.K., women needed less capital to get started than men. <\/strong>In the U.S., 74% of women needed $5K or less, compared to 60% of men. In the U.K., 80% of women needed \u00a35K or less, compared to 69% of men.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">What brings joy<\/h4>\n\n\n\n<p>One thing U.S. and U.K. microbusiness owners agree on is what aspects of their businesses bring them joy, with the top three including:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"1\">\n<li>Creating their own source of income\/supporting family.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li>Connecting to customers.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li>Making an impact in their community.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p>In addition to improving the quality of her own life, Nika is proud that her microbusiness is helping others. For those reasons, Nika is very encouraging to entrepreneurs eager to start a microbusiness.&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u201cDo it, try it, even if you fail, live your life,\u201d Nika said.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>The research<\/strong><\/h4>\n\n\n\n<p>GoDaddy&#8217;s <a href=\"https:\/\/www.godaddy.com\/research\/?utm_source=3bl&amp;utm_medium=media\" target=\"_blank\" rel=\"noreferrer noopener\" data-eid=\"comms.microsites.venture-forward\/link.d6e889db30afcb3549577535bf8fb925\">Venture Forward<\/a> research initiative analyzes more than 20 million online businesses with a digital presence (measured by a unique domain and an active website). Most of these businesses employ fewer than ten people, categorizing each as a microbusiness. While these microbusinesses may be small, their impact on economies is outsized even though they are often too informal or too new to show up in traditional government statistics.&nbsp;<\/p>\n\n\n\n<p>Since 2018, Venture Forward surveyed more than 30,000 small business owners with a digital presence, making it the source for microbusiness data and insights.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over half of microbusiness owners from the U.S. and U.K. agree that life is better as an entrepreneur.<\/p>\n","protected":false},"author":15,"featured_media":7748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-7684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-forward"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Life is better as an entrepreneur and survey respondents agree, according to GoDaddy research - 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