Going into business survey result

10
Going into Business Survey Presented by DreamRaisers

description

A short survey by dreamraisers, to identify risks and issues people face to go into business

Transcript of Going into business survey result

Page 1: Going into business survey result

Going into BusinessSurvey

Presented by DreamRaisers

Page 2: Going into business survey result

Survey Participants Who are they ?

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Survey Participants

Looking for an Oppor-tunity30%

Employed54%

Self Em-

ployed 16%

• 76% of the participants have more than 5 years of experience

• 30% people are looking for an Opportunity

• 54% employed participants

Studying6%

1 - 4 years12%

5 - 9 years28%

10 - 14 years26%

15 - 19 years8%

>20 years13%

No answer6%

Current Status

Experience

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Going into Business

Risks??

Opportunity?

Social Pressures??

Business Plans

Cash FlowsCustomers?

Survey Results

Independence

Hobbies

Ideas?

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I am happy with my current job

It is too risky for me

I want to, but i have no funds

It will require a lot of time and

dedication

I do not have a business idea

Don't know where to start

No, I will not start a business

0

10

20

30

40

50

60

70

80

21

9

68

30

15

41

10

Issues Starting a Business

Starting Business − People seem to find it difficult to get funds

− Most of them have great ideas but don’t have the skills to run a business

− Are to busy to take the time out to work on something amazing

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Motivation for going into Business

Additional income

16% Business as a hobby

7%

Being independent23%

Interesting Market Opportunity12%

Awesome Business idea29%

I want to give back to Soci-

ety13%

Top motivations to go into business are

− awesome business ideas− − dreams of being self employed

− an additional source of income

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Type of Business Ideas

0 10 20 30 40 50 60 70

43

66

10

Already in the market, but want to make it better

New & Innovative idea

Complementary product or services (e.g. iphone case)

• 40% of the participants have disruptive ideas for the market

• Others plan on improving existing products

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Categories of Business Propositions

application (IOS/Andriod/Windows)8%

Community development10%

Charity1%

Education15%

Technology23%

Franchise9%

Production13%

Research & Development9%

Expansion of existing business11%

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Capital Required to Launch

5000 - 10,000 USD23%

10,000 - 25,000 USD28%

50,000 - 100,000

USD21%

100,000 - 500,000 USD

28%

51% of the participants require less than USD 25,000 to make their projects a success

Questions to ask yourself?

− Why has raising capital been such a problem in this region?

− 98% of projects never get funded, why?

How can DreamRaisers

help?

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Coming Soon…..

To find out more register with

dreamraisers.com