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‘Motivated’, ‘productive’ and ‘risk-taking’ are among the many high character traits that entrepreneurs consider outline them and make them being profitable, in keeping with new analysis from American Categorical. The examine highlights public perceptions and understanding of entrepreneurship within the UK, in addition to asking enterprise founders what they assume are the important thing attributes wanted to succeed when beginning up. The highest 5 traits ranked are:
- Motivated
- Productive
- Danger-taking
- Resilient
- Courageous
The analysis additionally questioned entrepreneurs’ motivations for beginning a enterprise. Maybe surprisingly, ‘earning money’ was not listed as one of many high three solutions – the preferred response, cited by 58%, was ‘being my very own boss’; nearly half (46%) wished higher work-life stability; and one third (33%) had an thought they wished to take advantage of. ‘Earning profits’ was cited as motivation for simply over 1 / 4 (29%) of entrepreneurs.
Total, the examine discovered that almost all (78%) of entrepreneurs noticed beginning their very own enterprise as a way of unlocking alternatives that in any other case wouldn’t have been open to them. It additionally revealed a deep sense of pleasure amongst this neighborhood, with nearly all (94%) respondents believing the contribution entrepreneurs make to the UK economic system is essential.
Amanda Salt, Vice President, Small & Medium Enterprises, UK Card Providers at American Categorical stated: “Our analysis reveals what it takes to be an entrepreneur, the motivations to succeed and the pleasure this helpful neighborhood feels after going it alone. As an organization that proudly backs small companies, we all know the trail to success isn’t with out its challenges and that’s why we stay dedicated to supporting their progress and rewarding them for his or her dedication and fervour.”
The analysis comes as American Categorical launches its enhanced Welcome Bonuses on its American Categorical® Enterprise Platinum and Enterprise Gold Playing cards to assist reward entrepreneurs for his or her on a regular basis enterprise spending. Between 21 February to 9 April, new Enterprise Platinum Cardmembers who enroll can earn a major Welcome Bonus of as much as 120,000 Membership Rewards® factors: 80,000 factors once they spend £12,000 within the first three months, and one other 40,000 factors 14 months later.
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