[ad_1]
Dubai: Do you dream of being your own boss? Chances are you’re not alone. A recent survey revealed that despite the challenges of starting a business, six in 10 professionals (62% of respondents) would prefer to be self-employed, highlighting the growing trend of entrepreneurship in the UAE. Only 26% of UAE respondents prefer to seek employment in a company.
The “Entrepreneurship in the Middle East and North Africa 2023” study by Bayt.com and YouGov also shows that more than 56% of people are currently considering starting a business, 24% have tried to start their own business in the past, and only 4% are currently considering starting a business. % never thought about starting a new company.
At least 86% of respondents believe they will help create new jobs, with more than 60% hoping to start recruiting staff for their businesses as early as next year.
The survey, which covers the Middle East and North Africa region, included 1,800 respondents from the UAE, GCC and other Middle East and North Africa countries.
Bayt.com HR Director Ola Haddad said the survey found personal fulfillment (49%) and the freedom to choose work-life balance (47%) as the top reasons for choosing to be self-employed.
Those who have already started a business have similar reasons. Those who start their own businesses say they do so for more income (42%) and greater independence to achieve their goals (32%).
main focus
Securing start-up capital (64%), making the right contacts (41%) and uncertainty about profits and revenue (37%) were the top concerns for respondents when starting their own business.
Those looking to become entrepreneurs are considering starting a business in the hospitality, leisure, entertainment, IT, internet and e-commerce, and real estate and property development sectors. About 9% want to enter the consumer goods and fast moving consumer goods market.
Zafar Shah, research director at YouGov, said: “Entrepreneurs across the MENA region foster a culture of creativity that inspires others to take risks and pursue their own ideas, thereby fostering innovation and economic growth.”
[ad_2]
Source link