Entrepreneurs are apparently optimists -glass half full people -hardly surprising as with such optimism it is perhaps so much easier to take risk and work through challenges. Clearly many entrepreneurs run small businesses and make a real difference to economies. Several studies in the US and UK have shown that the small business sector is “responsible for creating four out of every five new jobs and more than half of all commercial innovations..”
In Hiscox’s sixth international ‘DNA of an Entrepreneur’ study of small businesses, they are seeking to try and gauge the health of small businesses, and understanding the key issues they face. The study spans six countries and the results are far from even. But, overall, they say “there are renewed signs of growth, while optimism levels have rebounded.”
The report also says that “Nowhere is that better demonstrated than in the performance of small businesses set up during the recession. Our study reveals the dogged entrepreneurs behind these businesses are more likely than others to have increased revenues, launched new products or services and hired new staff in the past year. They are also more likely to say the economic environment has made them more determined to succeed. This is true grit.”
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