Canberra leads Australia’s major cities in entrepreneurship

• According to GoDaddy’s Venture Forward survey: Canberra It has the highest density of online microbusinesses, with 32 online microbusinesses per 100 residents.
• Australian Largest cities Sydney and Melbourne They ranked fourth and fifth, respectively, among the top 20 regions.
• Canberra The number of online microbusinesses per 100 people is nearly double that of any other urban constituency. London Westminster, UK.
• Venture Forward analyzes data from over one million online microbusinesses around the world.

Sydney, June 5, 2024 /PRNewswire/ — Canberra The hub of online microbusiness Australiathe density of online microbusinesses is Australian The largest city, Sydney and Melbourne.

Venture Forward, an international research initiative from GoDaddy that studies the economic impact of small business and the attitudes of business owners towards starting and running a small business, analysed data from more than 300,000 online micro-businesses in Australia, covering all Level 3 statistical areas in Australia. Australia “Microbusiness Density” score.

Canberra Most online microbusinesses per 100 residents
The data shows the concentration of online microbusinesses, which typically employ 10 or fewer people, relative to population density. Canberra teeth Australian Leader with 31.9 online microbusinesses per 100 people December 2023.

Sarah McPhillipsShe owns the hair salon Matriarch Hair, runs a consulting business called Sarah McPhillips Consulting, and is currently starting a new business called Trichology. Canberra Canberra is a unique place to run a business. “Because it’s a city that is primarily public service driven, entrepreneurs have a fantastic support network from government and other small businesses through organisations such as the Canberra Chamber of Commerce and Industry and the Canberra Women’s Business Association, of which I am a member. This support ensures entrepreneurs get the help they need to overcome the challenges of running their own business, whilst also making a positive contribution to the local community. People also tend to enjoy both the benefits of a public service salary and the flexibility of a side job.”

“Having an online presence has really helped me grow my business – not just financially, but because it allows me to reach more customers and advocates. Most of my new clients come to my business based on what they saw on the website, which is an important tool for communicating who we are and what we do. I am currently working on my online shop and hope to make it a key part of my salon and latest venture.”

Beyond CanberraDiverse geographies emerged, highlighting the representation of online microbusinesses across states. Gold Coast It boasts 11.5 online microbusinesses per 100 residents. Adelaide The city followed with 5.6; Sydney Cities and Melbourne The cities scored 5.4 and 4.8 respectively, with entrepreneurial spirit showing up prominently in some cities. Australian Major urban centres.

GoDaddy results show top 20 regions spread across the country
The top 20 regions for online microbusiness density span most states. New South Wales The top seven regions are here, followed by Queensland Six regions and Victoria Here are the five regions that made the list.

Survey finds that online microbusinesses have become a major revenue stream for Australian entrepreneurs, with 21% $10,000 Additionally, survey results showed that 40% of online microbusinesses serve customers nationwide, while 29% primarily target local markets within their own state or region.

GoDaddy’s Venture Forward survey also revealed the employment impact of these online microbusinesses, finding that 40% of respondents are employed full time at their venture and 35% plan to hire one to three new employees within the next year, which could help spur job growth in the economy and create promising employment opportunities across the country. Australia.

Australia A powerful player on the world stage
The results of the study are: Australian The entrepreneurial environment and its position relative to other markets, as explored as part of GoDaddy’s research. For example, the best performing city constituencies in the UK are: London Westminster has 17 online microbusinesses per 100 residents, which is Canberra report.

Suzanne MitchellAustralian Market Leader GoDaddy:
“Venture Forward’s microbusiness density data shows how prevalent online microbusinesses are around the world. AustraliaThey have the power to help grow the economy and potentially provide new jobs and opportunities for local communities. This data shows that our capital city is currently Canberra It is at the heart of a vibrant online microbusiness community.

“Very little research has focused on businesses with fewer than 10 employees. AustraliaGoDaddy aims to change that by sharing this data with businesses and policymakers to help them make informed decisions about entrepreneurs and the challenges and opportunities they face.”

Note

About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and scale their businesses. People use GoDaddy to bring their ideas to life, build professional websites, sell products and services and get paid online and in person. GoDaddy’s easy-to-use tools help small business owners manage everything in one place. Learn more about the company at www.GoDaddy.com.

About Venture Forward
Venture Forward is a multi-year research initiative conducted by GoDaddy that analyses data from over 300,000 Australian microbusinesses to quantify the impact these microbusinesses have on the Australian economy and local communities.

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SOURCE GoDaddy