The American Dream All Over The World
North American Precis Syndicate
(NAPSI)—Most people know someone who has dreamed of leaving the
rigidity of a 9 to 5 job to pursue the flexibility of entrepreneurship. The majority don’t pursue that avenue, and the reasons
vary, including financial obligations, time constraints, or fear of the
In fact, two in five Americans dream about the day they can tell their
boss they quit, but it’s not necessarily because they hate their job—instead,
it’s because 67 percent have dreams of being an entrepreneur, according
to new research commissioned by Herbalife Nutrition.
And people really do feel their ideas can change the world—results
show that, of those who aspire to open a business, 68 percent believe their
idea would be revolutionary for the industry.
People often associate entrepreneurship with “The American Dream,”
but according to the research that surveyed 23,500 respondents—spanning
24 countries and including 2,000 Americans—looking at the
entrepreneurship dreams of people around the globe, as well as their
motivations and the challenges, the entrepreneurial dream is shared globally.
“Starting a business from the ground up can be daunting but the
opportunity to pursue your own passion can be a liberating and exciting
experience,” said John DeSimone, co-president
and Chief Strategic Officer, Herbalife Nutrition.
The International Survey
Across the globe, 64 percent of respondents cited their top reason to
start a business was to follow a passion. For Americans, this was followed by
becoming their own boss (59 percent), supporting their family (51 percent)
and wanting to solve a problem/improve the world (36 percent).
The survey found that 52 percent of aspiring American entrepreneurs have
already taken steps to open their business. But that doesn’t mean there’s
an easy road in front of them: With all the barriers business owners face, 81
percent of Americans interested in starting a business feel overwhelmed by
And 76 percent feel they may never have the opportunity to follow their
dream, compared to 69 percent globally. Interestingly enough, 67 percent of
Americans believe women face different challenges than men when it comes to
opening a business, including “defying social expectations, dealing
with limited access to funding and struggling to be taken seriously.”
The biggest barrier to entrepreneurship across the globe was found to be
the initial cost of opening a business (65 percent). To finance the initial
costs, Americans say they would use their own money (67 percent), followed by
investors (36 percent) and money from family (34 percent).
Where Is the Opportunity?
As the gig economy explodes, more and more people are picking up a side
gig to supplement their income, and that often involves selling products. As
it stands, the side gig looks to be set to spread widely among all
generations, perhaps becoming key income support for everyone from twenty-somethings to those who have supposedly long retired.
In fact, about a quarter of all Americans—that’s 81 million
people—participate in the sharing economy, according to the Pew
Research Center. Of that, a record 18.6 million Americans now make a
living or supplement their income with direct sales, according to the latest
data available from the Direct Selling
As a result of the flexibility afforded by the gig economy, direct selling
is proving to be an increasingly appealing option for people in search of the
entrepreneurial opportunity of making part-time or full-time income. Direct
selling is an industry that has always championed the power of free
enterprise and a flexible, entrepreneurial approach to work. Now, more than
ever, American innovation and dynamic change have pushed this important model
to the forefront of the collective economic future.
“Two in five Americans dream of
quitting their jobs, mostly because they dream of being entrepreneurs,
according to research commissioned by Herbalife Nutrition. http://bit.ly/2HYIKbu”
On the Net:North American Precis Syndicate, Inc.(NAPSI)