16 Entrepreneurship Trends for 2022/2023: New Forecasts & A Look Into What’s Ahead
New technologies, evolving customer demands, societal shifts, and the COVID-19 pandemic are rapidly changing the business landscape. These factors paved the way for location-independent companies, niche markets, disruptive industries, as well as closely-knit global teams. However, to reap the benefits that these changes have to offer, you must keep yourself up-to-date on the emerging entrepreneurship trends.
To help you out, we have compiled some data on the different industry shifts to look out for in 2021 and beyond. With this, it’ll be easier for you to fully grasp the changes that can affect your entrepreneurial endeavors and update your strategies accordingly. As such, you can keep your business moving forward in the changing times and keep your edge against the competition.
Which are the best countries in the world for entrepreneurs?
The United Arab Emirates (UAE) has emerged as the best country for entrepreneurs in 2022, followed by the Netherlands, Finland, Saudi Arabia and Lithuania.
The Global Entrepreneurship Monitor’s 2022 report assesses the conditions for entrepreneurs in 50 countries worldwide.
This year, the United Arab Emirates, the Netherlands, and Finland rank at the top of the list of best countries for entrepreneurs.
Governments can encourage entrepreneurship by helping start-ups in emergencies such as the pandemic, and supporting women entrepreneurs.
Entrepreneurship depends upon the social and political conditions in which it operates. These can encourage or constrain a new business and have an impact on its growth into a more established enterprise that generates incomes and jobs. For instance, research has highlighted the importance of the rule of law and education systems in encouraging entrepreneurship.
Each year, the Global Entrepreneurship Monitor (GEM) presents its comparative assessment of national entrepreneurial conditions. The aim of this is to rank countries in terms of their ability to encourage new businesses. The results should be of interest to policymakers and entrepreneurs alike
Entrepreneurship In 2022: Just What Your Life Needs
Entrepreneurship not only offers financial rewards but independence
A new year is about new beginnings, a discontinuous break from the traditional way of doing things. We look forward to a new year with much anticipation. 2022 could be filled with new and old uncertainties, but having the same perspective risks lower performance. How can one incorporate fresh thinking and a paradigm shift to not only survive but to thrive in these tumultuous times?
You might want a better life for your family. Or you may be thinking of taking the leap to become a business owner. You might have a small business and wonder what’s next to make it blossom. Or you might be tired of your job as it offers little advancement both in terms of development and independence. Alternatively, you love your job, but you want to add more to your performance and show some business improvement for career advancement. All these situations have a common thread and may have one solution.
You might fall into one or a few of those scenarios. Where can you look to to get guidance? You may not know this, but entrepreneurship is a broad and all-encompassing field.
Social Entrepreneurs to Watch for in 2022
This marks the 9th edition of the Causeartist – Social Entrepreneurs to Watch for List. If you would like to check out the previous years of social entrepreneurs you can view them below.
2014 / 2015 / 2016 / 2017 / 2018 / 2019 / 2020 / 2021
Over the past eight years I’ve had the great pleasure of speaking with over 700 social entrepreneurs around the world.
It has been a tremendous journey and absolute pleasure to interview so many leaders within impact investing, sustainable fashion, climate technology, cryptocurrency, regenerative agriculture and others.
Each year, I sit down and assess the interviews from the past year, the stories I’ve read, and the podcasts I’ve listened to. Every year my feelings of inspiration and hopefulness remain the same.
The negativity and the fear we seem to have coming from all directions of our society is not what I see day to day.
What I see are inspiring people from all over the world dedicating their lives and skills to create a better world.
I created Causeartist to do my small part in spotlighting these courageous and creative individuals for their daily commitment to solving problems and creating sustainable and regenerative impact.
Of course these are not all the amazing people around the world doing spectacular things. These particular social entrepreneurs to watch for in 2022 are the ones that stood out to me.
The importance of sustainability in entrepreneurship
In our live-for-the-moment society, sustainability and entrepreneurship are two goals that are rarely pursued together. This is unsurprising because the prevalence of maximum-proﬁt orientation places signiﬁcant emphasis on ideals other than sustainability – the long-term guarantee of enterprise success and even earth’s sustenance.
Entrepreneurship is an important facilitator of human progress as it encapsulates the “creation and extraction of economic value” for human consumption. Considering the limited availability of natural resources, integrating sustainability frameworks into entrepreneurship models should be a top priority.
Sadly, the reality is different. By way of example, the European Commission and national consumer authorities in early 2021 reported that 42% of online businesses investigated were found to be greenwashing (a situation where a company falsely claims to produce eco-friendly products or services). Similarly, a recent Harris poll for Google Cloud published in April 2022 revealed that 58% of CEOs surveyed around the world admitted to marketing themselves as sustainably led whilst not executing sustainable practices. The greenwashing trend is troubling because while sustainability is regarded by many businesses as a roadblock, it is a proven catalyst for entrepreneurship.
One of the foremost reasons why sustainability is critical for entrepreneurship is that eco-friendly practices enhance business ﬁnancial performance. In a recently published study involving 150 senior executives globally, IT services management ﬁrm Genpact found that businesses of senior executives who strongly agreed that their organizations were driven by environmentally sustainable practices (58%) outperformed the businesses of the other respondents (40%). Ernst & Young (EY) in 2021 also found that sustainable companies outperformed industry peers on gross proﬁt, EBITDA, EBIT, and net proﬁt metrics by up to 6.3 percentage points for 73% and 61% of the industries studied.
The Application of Rehabilitation Therapy Occupational Competency Evaluation Model in the Improvement of College Students’ Innovation and Entrepreneurship
This paper constructs an evaluation model of occupational competency in rehabilitation therapy and applies it to the improvement of college students’ innovative and entrepreneurial competencies. Based on clarifying the connotation of college students’ entrepreneurial competency, this study carries out research on the evaluation system of college students’ entrepreneurial competency. First, the method of qualitative research is used to conduct in-depth interviews with college students and entrepreneurial mentors to understand the views of these groups on college students’ entrepreneurial competency, and the coding of the interview contents is carried out by applying the rooting theory, and finally, a theoretical model of the composition of college students’ entrepreneurial competency is derived. The front-line position of talent cultivation is the construction of faculty, because the faculty with high-quality vocational ability is an indispensable prerequisite for the development of universities, and the teaching level of the faculty is the key factor for the effectiveness of teaching to appear. Based on the perspective of role theory, we analyze the problems and reasons for the lack of competency in the role-playing process; integrate the three stages of understanding the role, playing the role, and adjusting the role with the competency model; and propose strategies to improve the competency of youth social workers in the process of playing the role, to help workers accurately understand the role, correctly play the role, and reasonably adjust the role. The curriculum is designed to cultivate the competency of college student nursing positions, which is conducive to improving the professional quality of college student nursing service providers and regulating college student nursing practice so that they can actively respond to problems. This will strengthen the entire teaching faculty and enhance the professional competence of full-time teachers
65 Stats to Know About Entrepreneurship
It seems the worst of the COVID-19 pandemic and the Great Resignation is behind us, and many aspiring entrepreneurs and small business owners are emerging with a sense of optimism. In fact, almost 58% are either “somewhat” or “very” optimistic about the future.
Although the future of entrepreneurship is always uncertain, there are remarkable opportunities to continue evolving the way business owners create, buy, and sell products.
Here are some key statistics to know about the state of entrepreneurship in 2022.
8 Entrepreneurship Trends You Need to Know (2022-2024)
Here are 8 fast growing entrepreneurship trends for 2022-2024.
Along with the technology and cultural changes setting those trends.
Whether you’re a seasoned entrepreneur or entirely new to the business world, these are the top trends to watch
Relationship between entrepreneurship, education and entrepreneurial goals: psychological traits as mediators
Despite the commonly held view that entrepreneurship education and training nurtures future entrepreneurs, little is known about the mechanism through which this intervention impacts on its intended outcomes. The purpose of this study was to test if selected psychological traits (need for achievement, risk-taking propensity, internal locus of control) mediated the predictive relationship between the perceived effects of entrepreneurship education and entrepreneurial intentions. A cross-sectional survey of a sample of 308 vocational education students in Zimbabwe was used for this purpose. The results show that the effects of entrepreneurship education variable had a positive and statistically significant relationship with need for achievement, risk-taking propensity, internal locus of control and entrepreneurial goal intentions. Moreover, need for achievement, risk-taking propensity and internal locus of control accounted for a statistically significant amount of variance in entrepreneurial intentions. However, of the three psychological traits, only need for achievement partially mediated the relationship between the effects of entrepreneurship education and entrepreneurial goal intentions. The outcome has implications on the design and focus of entrepreneurship education programmes.
What is Entrepreneurship?
Though entrepreneurship is simple in definition, the concept has sparked countless debates among business professionals. It is defined as someone starting or operating their own business. However, entrepreneurship itself can take different forms and have many different implications on the economy.
Simple step by step Guide: Entrepreneurship: How to start a business in 2022
The rise of public-purpose start-ups
StateUp’s Rachel Osnos on the move from traditional govtech suppliers to the rise of PPT start-ups
There is a growing expectation for governments to work with innovators to co-develop or adopt public-purpose technology – technology that serves a major public need, and the public policies, organisations, cultures, investments, and business models around it.
In 2016 the government made a commitment to channel a third of its public sector tech spend through small and medium sized enterprises (SMEs) by 2022, creating a new procurement framework to do so. However, there remains a huge gulf in knowledge and understanding between policy decision makers and technology developers.
Start-ups in the govtech space are providing many efficiencies that larger providers cannot: they are more flexible, agile and scalable. Globally, thousands of start-ups are developing high-quality, secure products and services to help address the challenges that government’s face. But awareness amongst the sector is still low.
What do public sector organisations need to look for in a start-up to ensure it can provide the best solution? Through our recent paper StateUp 21, we found that the most promising public-purpose tech start-ups show evidence of the following distinct qualities.
Indian immigrants set up most US billion dollar start ups
– As many as 319 of 582, or 55%, of America’s startup companies valued at $1 billion or more have at least one immigrant founder. This illustrates the continued importance and contributions of immigrants to the US economy.
– In addition to the companies with immigrant founders, at least 51 of the 582 US billion-dollar startup companies have founders who were born in the United States to immigrant parents.
– Nearly two-thirds (64%) of American billion-dollar companies (unicorns) were founded or cofounded by immigrants or the children of immigrants.
– Almost 80% of America’s privately-held, billion-dollar companies have an immigrant founder or an immigrant in a key leadership role. CEO, CTO (chief technology officer) and vice president of engineering are the most common positions held by immigrants in billion-dollar companies.
– There are 143 US billion-dollar companies with a founder who attended a US university as an international student. One-quarter (143 of 582, or 25%) of billion-dollar startup companies in the US have a founder who first came to America as an international student. US billion-dollar startups with an international student founder created an average of 860 jobs.
10 rules for starting a business, according to start-up founders
Thinking of taking a leap into the world of entrepreneurship? Read this first.
We asked the founders of 17 start-ups to share their most valuable advice for other self-starters. This is what we learned.
Startup Funding Challenges and How to Overcome Them
Innovative products and business models are the foundations of a promising startup. However, you’ll also need a steady flow of funds, especially in the early stages, to turn those ideas into reality.
Funding is crucial for improving technology, hiring the right people, and launching a comprehensive marketing strategy to get a foothold in the market. However, sourcing enough money to start your new venture can be difficult.
From jewelry to dog food to SaaS (software as a service) products, startups are popping up in virtually every field around the world, despite the risks. As an entrepreneur, you will face several challenges while seeking the funds, in part because you’ll have to convince others that your idea is a solid investment.
Google CEO Sundar Pichai has a 4-word advice on leadership
Sundar Pichai recently shared some leadership advice with MBA students at Stanford University. One of them which caught the attention of the students were four words from his address–“reward effort, not outcomes”.
“You have a lot more cash. You have a lot more resources. But companies tend to become more conservative in their decision making. And so encouraging the company to take risks and innovate and be okay with failure and reward effort, not outcomes.”
The Google CEO was quick to add that following the same advice is very hard to do in an organization. “People tend to reward outcomes, which means over time, the organization becomes more conservative. They take safer bets and so on. So a lot of scaling is about making sure you preserve the good things you had in the early days. And that gets harder as the company becomes bigger,” he said.
“You have to work harder at it. But I think a big part of what we try hard to do is to keep that culture of innovating with technology, building products, shipping things. And so that’s one of the many things.”
Last week, Sundar Pichai noted that Google’s productivity as a company is not in keeping with its headcount, the CEO said in the meeting which was attended by more than 170,000 full-time Google employees.
“I wanted to give some additional context following our earnings results, and ask for your help as well,” Pichai began, referring to the company’s Q2 earnings report. “It’s clear we are facing a challenging macro environment with more uncertainty ahead.
“There are real concerns that our productivity as a whole is not where it needs to be for the headcount we have,” he added.
The 50-year-old asked employees to “create a culture that is more mission-focused, more focused on our products, more customer focused. We should think about how we can minimize distractions and really raise the bar on both product excellence and productivity.”