Almost 1 in 2 Singaporeans would rather start their own business rather than find a job

SINGAPORE (Oct 20): 41% of Singaporeans plan to either start their own business or be self-employed in the next 10 years, higher than the global average of 36% according to a survey by GoDaddy.

The survey also found that Millennials, defined as those born between 1980s and mid-2000s, were more likely to plan or start a small business or be self-employed in the next 10 years. 50% of millennials globally and 74% of millennials in Singapore planned to be an entrepreneur in the same time period, with 32% of them having started their current business while in school. This makes Singapore millennials 16 times more likely to pursue entrepreneurship while in their studies compared to their generation X counterparts.

GoDaddy’s survey talked to 7,291 professionals including 2,707 small business owners or self-employed individuals in Australia, Brazil, Canada, China, Hong Kong, India, Mexico, Singapore, Turkey, the United Kingdom and the US.

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