Why the Future is Entrepreneurship

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Let's take a look at the evidence.

Stocksy_txp1fc8a300TJM100_Small_195276The world is changing, both politically and professionally. Uncertain about your future? Here’s why you should join the startup revolution.

It’s the most forgiving career path.

Whether you’ve been fired, made redundant or struggled during your school days, the startup scene doesn’t discriminate because of past misfortunes. Not for one second did I think I would be where I am today, but I wholeheartedly believe it was my past that primed me for start-up life, in fact it helped me to prosper. A study by researchers from Harvard Business School found that founders who have failed at a prior business have a 20% chance of succeeding versus an 18% chance of success for first time entrepreneurs.

Age isn’t a barrier.

Sadly, in big business, age discrimination seems to be an increasing issue. A government survey found that over a quarter of Australians aged 50 years and over had experienced some form of age discrimination in the last two years. On top of this, ‘reverse age discrimination’ is also an issue, with millennials losing out on jobs because of stereotypes that they’re unpredictable and unreliable. The solution? Create your own career opportunity of course – regardless of your birth date. There’s room for everybody people!

There’s more guidance than ever.

When I launched my first business there was very limited guidance for fledgling founders (and trust me I looked). I bought every book in the store on entrepreneurship, and none warned me about the paces I would have to go through. This is one of the reasons I was so excited to launch our Graduate Certificate in Collective Entrepreneurship in partnership with Torrens University – a course that helps you find their passion and build a startup that solves a real problem. It’s not only an education but also the chance to network with other innovative minds who could one day help you on your business journey or… become your future co-founder.

It supports work-life blend.

One of the best things about running your own business is that you can set your own hours, and tear up the rule book when it comes to when and how you should work. I am the first to admit that I work (a lot!) but I do so on my terms. I’ll leave the office at lunchtime to go to a Barre class or arrive late because I’ve decided to fit in an ocean swim before my first meeting. The flexibility of entrepreneurship also makes time for family and friends. That’s the beauty of owning your own schedule.

The world is at your fingertips.

There has never been a better time to disrupt an industry on a global scale. In the space of four years, since launching Collective Hub, we’ve grown from a magazine sold only in Australia to a worldwide publication sold in 37 countries (with more to come!). Thanks to technology and its ability to shrink the world to the size of your computer screen, geography is no longer a barrier when it comes to reaching customers. In the latest issues of Collective Hub, we have an article about the Mexican start-up scene and why it’s attracting overseas founders who don’t even speak the language. So, think globally, act courageously – and join the entrepreneurial charge.

Quick Stats for you to digestSince launching Collective Hub we’ve watched the startup industry grow from a small passionate community to a global, thriving and unstoppable force.

In June 2015, according to the Australian Bureau of Statistics, the number of actively trading businesses increased by 1% from June 2014 level. Now, that doesn’t sound a lot until you crunch the numbers.

In the year leading up to 2014, small business industry value totalled $343.4 billion in Australia, rising 2.4% on the previous year according to a government report.

Young firms in Australia also contribute disproportionately to job creation, generating 40% of the job share in the economy. That’s founder power right there!

 

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