Get All Access for $5/mo

Survey Confirms Entrepreneurship is Alive and Kicking

By Sara Wilson

Opinions expressed by Entrepreneur contributors are their own.

If the state of the current economy leaves you uncertain about the future, don't despair. Instead, take a good look inward and remember how you came to be an entrepreneur. After all, it appears that even when unemployment is on the rise, sales are on the decline and the dollar is, well, just simply degenerating, the spirit of entrepreneurship still shines through.

A new survey commissioned by Elance and Microsoft Office Live Small Business and conducted by independent research firm Decision Analyst collected insight from 600 small-business owners across the nation. The survey, released today, determined that nearly 90 percent of respondents would still prefer to start their own business rather than work for someone else, despite the economic downturn.

In addition:

  • 40 percent indicate that they have a positive outlook for their business in 2009.
  • 76 percent said they would maintain their current levels of staffing throughout 2009.
  • 67 percent said that profitability is the most important priority for them in 2009.

The survey also questioned small-business owners regarding their presence on the web. Here are the key findings:

  • A majority of respondents do not have a presence on the web even though 43 percent indicate that having a web presence is extremely or very important to the success of their business, and 71 percent report using e-mail and/or online advertising to market their business.
  • Money, time and expertise are the key barriers to having a presence on the web, with 60 percent reporting that they spent less than $500 on their websites in 2008.
  • Most small-businesses owners would rather do something other than web design.
  • Web design/consulting is one area where small-business owners would look for freelance consulting help, with marketing coming in second.
  • Most small-business owners would try and redesign the site themselves, or ask a friend for help. About 20 percent would search online for a consultant to help them with web design.

So the next time headlines about our struggling economy give you the blues, find your spirit and continue onward. The entrepreneurial spirit is alive and kicking and simply can't be broken.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity

The bank told Bloomberg that it "does not tolerate unethical behavior."


7 Ways You Might Be Damaging Your Credibility as an Entrepreneur

Here are seven credibility killers entrepreneurs need to be aware of.

Business Solutions

Why Every Solopreneur Needs to Embrace AI-Powered Teams

With the right approach, solopreneurs can harness AI to drive efficiency, productivity and business growth.

Side Hustle

These Are the 10 Best Online Side Hustles of 2024 to Earn Extra Cash

From teaching to testing artificial intelligence, these side hustles can earn you quick cash from home.


The Key to Real Innovation Is Cross-Pollination — Here Are 10 Ways to Implement It in Your Business

Transform your business with this unique approach to sparking innovation.


Clean up Your Mac Software with This $12 Family Plan, for One Week Only

Save on a program that can optimize your company's Mac computers.