Australians ranked no 2 for entrepreneurship

Australians are the most entrepreneurial in the world after the United States, with nearly 11 per cent of adults starting a new business.

This is according to research compiled by the Queensland University of Technology's Australian Centre for Entrepreneurship and the Global Entrepreneur Monitor, which also found that most entrepreneurs started a business due to a "perceived lucrative business opportunity". One in five started out because of a lack of alternative work.

The study also found that eight per cent of women set up businesses in 2012, the highest figure amongst developed countries. Additionally, 40 per cent of female entrepreneurs recognise new business opportunities and believe they possess the skills to run a business.

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