GoDaddy Venture Forward Quarterly Newsletter - Seite 2

• This means that studying Miami-Dade County in Florida, with almost 430,000 microbusinesses and 2.1 million people over the age of 18, adding just 1,000 entrepreneurs would reduce the region's unemployment rate by almost 7% (from 1.6% to 1.49%).
  
• And Cuyahoga County, Ohio (home to Cleveland), with over 72,000 microbusinesses, could see a decrease of 3% in unemployment from 3.2% to 3.09% by adding 1,000 new microbusiness entrepreneurs.

Read more...

GoDaddy Venture Forward Launches in Australia and Canada

In February 2024, GoDaddy expanded its Venture Forward research initiative in two new international markets: Australia, with over 315,000 online microbusinesses, and Canada, which boasts over 770,000 online microbusinesses.

We learned where those businesses are and how they're growing, and we surveyed thousands of the operators who own and run them.

Some highlights:

• Australia is home to a thriving side-hustle culture. 61% of Australian entrepreneurs are running their business as a side hustle, meaning the venture is not their main source of income.
  
• In Canada, the barriers to entry for starting a microbusiness have never been lower. More than half of online microbusinesses were started with less than $5,000 CAD of initial capital.

Discover more about Australia and Canada...

Data Forward

Data Forward is a data-driven content series that explores microbusiness trends and insights informed by GoDaddy's Venture Forward research initiative. Read some of our latest Data Forward posts below:

U.S. Entrepreneurs Skew Older than Counterparts in the U.K.

One in six microbusiness owners from all generations earn over $100K or £180K, but the breakdown in age groups differs between the U.S. and U.K.

In the U.S., the older the microbusiness owner, the more they make, compared to the U.K., where earnings are more evenly split among age groups. In the U.S., 60% of Gen X and 62% of baby boomers earn over $100K, while 25-26% of Generation Z, Gen X and baby boomers from the U.K. report revenue over £180K.

Read more...

Women Microbusiness Owners Up 33% in the U.K. and 10% in U.S., Narrowing the Gender Gap

The number of women-owned microbusinesses has continued to increase in both the U.S. and U.K. according to the 2023 GoDaddy Venture Forward U.S. National Survey of over 3,500 microbusiness owners. As a result, the gender gap narrowed. More than half (51%) of microbusiness owners in the U.S. are women, increasing by 10% in the last two years, and up 25% relative to where it started in 2019. And 42% of microbusiness owners in the U.K. are women, up 33% in the last two years.

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