5 Global Trends Every Entrepreneur Must Know According to Genesis Business Partnership

    SYDNEY, AUSTRALIA, March 01, 2015 /24-7PressRelease/ -- There's no doubt that entrepreneurship is on the rise, not just in Australia, but on a global scale. Small businesses are currently considered to be the backbone of the economy, and many major cities across the world are benefiting from the wave of innovation and fresh thinking that these new business owners are bringing to the corporate environment, effectively changing the way the world does business. Since 1999, the Global Entrepreneurship Monitor (GEM) has been tracking the successes of entrepreneurship, analysing and interpreting data relating to peoples capacity to act entrepreneurially. The most recent GEM report for 2014 found that of the entire world's population, GEM participants represent 72.4% of the population, suggesting that global entrepreneurship shows no sign of slowing down. Genesis Business Partnership, a Sydney based sales and marketing firm are thrilled to see such a huge percentage of the world's population displaying entrepreneurial attributes, and believe that in Australia especially this could prove to be great news for the economy, with the firm claiming to have already seen the positive effects entrepreneurship has had on the country's job market and the overall morale of local communities.

About Genesis: http://www.genesisbp.com.au/#post-about-us

With global entrepreneurship currently riding high, Genesis Business Partnership has identified 5 key trends that those looking to enter into entrepreneurship should be aware of.

Entrepreneurship Culture

The culture of entrepreneurship varies greatly from country to country. In the US and Africa, entrepreneurship is often seen as a status symbol, whereas countries within the European Union tend to not hold entrepreneurship in such a high regard and offer less support, which is something to take in to account if an entrepreneur is planning to expand their business internationally.

Drivers

The biggest driver behind entrepreneurship in economies such the US and Canada is improvement, rather than necessity. Entrepreneurs in these economies are more likely to actively seek out opportunities and solutions to everyday problems.

Business Exits

When a business owner decides to pull the plug, the obvious conclusion would be that the business ran into financial difficulty. However GEM found that in certain economies such as North America, entrepreneurs are far more likely to call it a day due to personal reasons.

Innovation

Although Australia has displayed a strong culture of innovation over the past few years, the US is currently in the lead when it comes to innovation and expanding market reach. Asia was also notable for their high innovation; however their ability to reach into new markets was far lower due to the region having far larger markets.

Intrapreneurship

Of course, not all entrepreneurs are lucky enough to branch out on their own, and many organisations are recognising this and allowing employees to exhibit their entrepreneurial skills in the workplace. This 'intrapreneurship' is on the rise, and allowing budding entrepreneurs to gain the relevant experience needed to start their own enterprises in the future.

Genesis Business Partnership is a Sydney based firm that specialises in merging sales and marketing strategies in order to generate the maximum results for their clients. Through face to face marketing and promotions the firm help their clients build stronger, more meaningful customer relationship which drives more sales and promotes greater brand loyalty.

Genesis Business Partnership believes that it's vital to the economy that entrepreneurship is nurtured and supported. As such the firm run their own development programme which shares the knowledge and skills needed to survive the business world, such as leadership and business management

About Us

Genesis Business Partnership Pty is an Australian company that specialize in increasing market share for our client's brands through specialized sales and marketing solutions. We tailor our services to suit each individual client requirements in a face to face environment.

Follow @GenesisBP_Pty on Twitter, or 'like' them on Facebook.

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