Entrepreneurs Among The Happiest People in The World

NEWS EXTRA

Entrepreneurs Among The Happiest People in The World

A global report has said that entrepreneurs are among the happiest individuals across the globe when it comes to individual well-being and satisfaction with their work conditions.

The Global Entrepreneurship Monitor (GEM) 2013 Global Report, two months ago reported that women entrepreneurs from innovation-driven economies showed, on average, higher degrees of personal well-being than their male counterparts.

The report, which was unveiled at the GEM Annual Meeting in Santiago, Chile, is the 15th annual survey of entrepreneurship worldwide and is the largest single study of its kind, according to the GEM website.

The report was also coauthored by José Ernesto Amorós, Universidad del Desarrollo in Chile and Global Entrepreneurship Research Association (GERA); and Niels Bosma, Utrecht University in the Netherlands.

According to GEM, entrepreneurs worldwide – at both the established and early-stage phases – exhibited higher ratings on subjective well-being compared to populations not involved in entrepreneurship activities, suggesting that entrepreneurship could be a good career choice for most.

“Our idea”, said José Ernesto Amorós, report co-author, “is to contribute to a better understanding about what influences a population’s perceptions about well-being and how that consequently shapes entrepreneurship indicators.

One interesting finding is that in all regions, entrepreneurs exhibit relatively higher rates of subjective well-being in comparison to individuals who are not involved in the process of starting a business or owning-managing a business.  Another relevant result is that female entrepreneurs in innovation-driven economies exhibit on average a higher degree of subjective well-being than males. This initial assessment opens up possibilities for exploring the role of women and men entrepreneurs beyond the traditional notion of development generally associated with economic indicators”, Amorós said.

GEM added that in 2013, more than 197,000 individuals were surveyed and approximately 3,800 national experts on entrepreneurship participated in the GEM study across 70 economies, collectively representing all global regions of the world and a broad range of economic development levels (GEM groups the economies into three development levels based primarily on GDP/capita: factor-driven, efficiency-driven, and innovation-driven).

“The samples in the GEM 2013 Global report represent an estimated 75 percent of the world’s population and 90 percent of the world’s total GDP,” the website added.

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