What A DIY Entrepreneur Really Looks Like
99designs has worked with entrepreneurs daily and are passionate about creating the businesses of the future. They've helped over 350,000 small business owners realize their dream via design. Now it's time to take a look at who these entrepreneurs are:
Now, they wanted to know exactly how and why these entrepreneurs had decided to quit their day job and start a company. 99designs sent out a global survey to ask the SME & startup community how they had become a founder and what really makes them tick.
The poll of over 1,700 entrepreneurs from Europe, the UK, the US, and Australia revealed that becoming an entrepreneur today is about creating a life that works for you. It’s about self-fulfilment, freedom, and passion rather than climbing the corporate ladder. They like to teach themselves online and invest in their skills in order to further develop themselves and their startups; often the first thing they teach themselves is marketing and 28% of respondents said that gaining confidence was the skill they invested in most.
Today’s “DIY entrepreneur” has built their company from scratch. The survey showed that 56% of them raised less than 9,000 Euro to get their business started and 55% of them have less than 2 employees, so their output is impressive based on the resources they have.
Even though being an entrepreneur doesn’t necessarily mean being a rich man/woman, more than 87% would do the same thing all over again (founding a business) but avoid some mistakes. 19% consider “not asking for help” as their biggest mistake.
To give your business pace right out of the starting blocks, we asked influencers from the startup scene what they think is the most important skill for entrepreneurs to be successful in today’s economy. Here’s what they told us:
“Authenticity. So many people get caught up in following the crowd that they lose themselves in it. Stand-out entrepreneurs are not part of the crowd, they approach success with a very different mindset. They know who they are, they live from a genuine place and their brands stand heads & shoulders above the rest.” – Sallee Poinsette-Nash
“I believe it’s extremely tough to select just one skill necessary for entrepreneurs! However — Personal Branding is definitely right up there. People want to do business with people, not corporations. Personal Branding is the key to credibility, influence, and sales… by rising above the ever-increasing digital noise.” – Sam Hurley
“The ability to lead and inspire the team is an essential skill for any entrepreneur looking to grow a business.” – Rishi Chowdhury
“The most important skill for entrepreneurs to be successful in today’s economy is the ability to predict the market. With the pace of change we’re seeing today it’s important to see/be at least one step ahead of the competition, else you’ll find your product is already old news before it comes to market.” – Chris Gledhill
“Being able to delegate and trust people to do their jobs. I see so many startups where the owners/founders have to do everything, so they end up doing lots of things average or badly. Focus on what you are good at and hire people to do the rest.” – Tim Hughes
We’re proud of what entrepreneurs are achieving and would like to take a moment to celebrate their achievements.
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