Start A Small Business Vs. Climb Mt. Everest - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Mobile // Mobile Applications
09:13 AM

Start A Small Business Vs. Climb Mt. Everest

Despite the widely-spouted axiom that small businesses will lead us out of the recession, few Americans actually want to start a small business.

Despite the widely-spouted axiom that small businesses will lead us out of the recession, few Americans actually want to start a small business.According to the results of a recent survey, two thirds of Americans believe it's easier to scale the world's tallest peak than to launch a small business. That's right, faced with the prospect of making payroll or ascending into the death zone, more Americans see climbing Mt. Everest as the easier option. That finding hints an unexpectedly broad understanding of the sometimes grim realities of being a small businesses owner (in this or any economy).

The online survey conducted by Wakefield Research and sponsored by e-commerce platform provider, polled more than 1,000 Americans in early April. Among the findings, was the widely held belief (70%) that that small business will turn around the economy. Of the respondents only 10% had actually started a small business since the economic downturn began, which accounts for the two thirds that would rather pursue mountaineering.

The survey also tabulated widespread dissatisfaction with government efforts to create jobs and showed a distinct preference for distasteful jobs in larger organizations than in the perceived instability of small businesses.

Commenting on the survey findings, CEO David Wei said, Historically, recessions have proven very fruitful times to start small businesses. As the data shows, Americans strongly believe that small businesses will be what turns around the economy.

Wei's company is using the pretext of the survey findings to announce the Entrepreneur Abroad Program which will sponsor 50 students to participate in a study abroad program in China.

Don't Miss:

Follow Benjamin Tomkins on Twitter @ Follow InformationWeek SMB on Twitter @ Get InformationWeek SMB on your mobile device @

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
Time to Shift Your Job Search Out of Neutral
Jessica Davis, Senior Editor, Enterprise Apps,  3/31/2021
Does Identity Hinder Hybrid-Cloud and Multi-Cloud Adoption?
Joao-Pierre S. Ruth, Senior Writer,  4/1/2021
White Papers
Register for InformationWeek Newsletters
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Flash Poll