Name: Entrepreneurial activity participation in Australia 2017, by business stage
Creator: Statista

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This statistic displays the share of entrepreneurs in Australia as of June 2017, by phase of business. During the survey period, 12.2 percent of respondents aged 18 to 64 years reported to be in the early stage of an entrepreneurial activity which means that they are in the process of starting a business or already started a business which is less than 42 months old.

Share of entrepreneurs in Australia as of June 2017, by business stage

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Release date

April 2018

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Region

Australia

Survey time period

April to June, 2017

Number of respondents

2,000+ adults

Age group

18-64 years

Special properties

Based on 2017 GEM adult population survey

Method of interview

Questionnaire

Supplementary notes

< Definitions of listed indicators according to the source >
- Nascent entrepreneurship rate:
percentage of the population aged 18–64 years that have started a business that is less than 4 months old and that has not paid salaries or wages.
- New business ownership rate:
percentage of the population aged 18–64 years that have started a business that is between 4 and 42 months old and is paying salaries or wages.
- Total early-stage entrepreneurial activity (TEA) rate:
percentage of the population aged 18-64 years who are in the process of starting a business or already started a business (a nascent entrepreneur or owner-manager of a new business) which is less than 42 months old.
- Entrepreneurial employee activity (EEA) rate:
percentage of the population aged 18–64 years who as employees have been involved in entrepreneurial activities such as developing or launching new goods or services, or setting up a new business unit, a new establishment or subsidiary.
- Established business ownership rate (EB):
percentage of the population aged 18–64 years who are currently an owner manager of an established business, i.e. owning and managing a running business that has paid salaries, wages or any other payments to the owners for more than 42 months.
- Discontinuation of businesses rate:
percentage of the population aged 18–64 years that have discontinued a business in the past 12 months, either by selling, shutting down or otherwise discontinuing an owner/management relationship with the business.