GoDaddy Venture Forward Quarterly Newsletter Q3, 2024
GoDaddy's Venture Forward initiative released its Q3 2024 newsletter, highlighting data on microbusinesses across Australia, Canada, U.K., and U.S. Key points include:
1. Updated Microbusiness Data Hub through Q2 2024, featuring e-commerce industry rankings and microbusiness density by geography.
2. GoDaddy/UCLA Anderson Forecast's Microbusiness Activity Index (MAI) 2024 annual report, showing digital infrastructure improvement created over 280,000 jobs nationwide between April 2020 and March 2024.
3. University of Missouri's interactive dashboard using Venture Forward data for economic development planning.
4. Insights on entrepreneurship without a four-year degree, revealing similar income contributions from microbusiness owners regardless of education level.
5. Media coverage highlighting the impact of internet expansion on small businesses and the trend of young entrepreneurs skipping higher education to start businesses.
L'iniziativa Venture Forward di GoDaddy ha rilasciato la sua newsletter del Q3 2024, evidenziando dati sulle microimprese in Australia, Canada, Regno Unito e Stati Uniti. I punti chiave includono:
1. Aggiornamento del Microbusiness Data Hub fino al Q2 2024, con classifiche dell'industria dell'e-commerce e densità di microimprese per area geografica.
2. Rapporto annuale sull'Indice di Attività delle Microimprese (MAI) 2024 di GoDaddy/UCLA Anderson, che mostra come il miglioramento delle infrastrutture digitali abbia creato oltre 280.000 posti di lavoro a livello nazionale tra aprile 2020 e marzo 2024.
3. Dashboard interattiva dell'Università del Missouri che utilizza i dati di Venture Forward per la pianificazione dello sviluppo economico.
4. Approfondimenti sull'imprenditorialità senza una laurea quadriennale, rivelando contributi di reddito simili da parte dei proprietari di microimprese indipendentemente dal livello di istruzione.
5. Copertura mediatica che evidenzia l'impatto dell'espansione di Internet sulle piccole imprese e la tendenza dei giovani imprenditori a saltare l'istruzione superiore per avviare attività.
La iniciativa Venture Forward de GoDaddy ha publicado su boletín del Q3 2024, destacando datos sobre microempresas en Australia, Canadá, Reino Unido y Estados Unidos. Los puntos clave incluyen:
1. Actualización del Microbusiness Data Hub hasta el Q2 2024, con clasificaciones de la industria del comercio electrónico y densidad de microempresas por geografía.
2. Informe anual del Índice de Actividad de Microempresas (MAI) 2024 de GoDaddy/UCLA Anderson, que muestra cómo la mejora de la infraestructura digital ha creado más de 280,000 empleos a nivel nacional entre abril de 2020 y marzo de 2024.
3. Tablero interactivo de la Universidad de Missouri que utiliza datos de Venture Forward para la planificación del desarrollo económico.
4. Perspectivas sobre el emprendimiento sin un título de cuatro años, revelando contribuciones de ingresos similares por parte de los propietarios de microempresas, independientemente del nivel educativo.
5. Cobertura mediática que destaca el impacto de la expansión de Internet en las pequeñas empresas y la tendencia de los jóvenes emprendedores a omitir la educación superior para iniciar negocios.
고대디의 Venture Forward 이니셔티브는 2024년 3분기 뉴스레터를 발표하며 호주, 캐나다, 영국, 미국의 소규모 비즈니스에 대한 데이터를 강조했습니다. 주요 내용은 다음과 같습니다:
1. 2024년 2분기까지 업데이트된 마이크로비즈니스 데이터 허브로, 전자상거래 산업 랭킹과 지리적 분포에 따른 소규모 비즈니스 밀도를 제공합니다.
2. 고대디/UCLA 앤더슨의 2024년 마이크로비즈니스 활동 지수(MAI) 연례 보고서로, 디지털 인프라 개선이 2020년 4월부터 2024년 3월까지 전국적으로 280,000개 이상의 일자리를 창출했다는 내용을 포함하고 있습니다.
3. 미주리 대학교의 Venture Forward 데이터를 활용한 경제 개발 계획을 위한 인터랙티브 대시보드입니다.
4. 4년제 학위 없이 창업에 관한 통찰력으로, 교육 수준에 관계없이 소규모 비즈니스 소유자들이 비슷한 소득 기여를 한다는 사실을 드러냅니다.
5. 인터넷 확장이 소규모 비즈니스에 미치는 영향과 젊은 기업가들이 higher education을 건너뛰고 사업을 시작하는 경향을 강조하는 미디어 보도입니다.
L'initiative Venture Forward de GoDaddy a publié sa newsletter du T3 2024, mettant en avant des données sur les microentreprises en Australie, au Canada, au Royaume-Uni et aux États-Unis. Les points clés incluent :
1. Mise à jour du Microbusiness Data Hub jusqu'au T2 2024, avec des classements de l'industrie du commerce électronique et la densité des microentreprises par zone géographique.
2. Rapport annuel de l'Indice d'Activité des Microentreprises (MAI) 2024 de GoDaddy/UCLA Anderson, montrant que l'amélioration de l'infrastructure numérique a créé plus de 280 000 emplois à l'échelle nationale entre avril 2020 et mars 2024.
3. Tableau de bord interactif de l'Université du Missouri utilisant les données de Venture Forward pour la planification du développement économique.
4. Perspectives sur l'entrepreneuriat sans diplôme de quatre ans, révélant des contributions de revenus similaires de la part des propriétaires de microentreprises, indépendamment de leur niveau d'éducation.
5. Couverture médiatique mettant en lumière l'impact de l'expansion d'Internet sur les petites entreprises et la tendance des jeunes entrepreneurs à négliger l'enseignement supérieur pour créer des entreprises.
Die Initiative Venture Forward von GoDaddy hat ihren Newsletter für das 3. Quartal 2024 veröffentlicht und hebt Daten zu Microbusinesses in Australien, Kanada, Großbritannien und den USA hervor. Wichtige Punkte umfassen:
1. Aktualisierte Microbusiness Data Hub bis zum 2. Quartal 2024, mit Branchenrankings im E-Commerce und der Dichte von Microbusinesses nach geografischen Standorten.
2. Der Jahresbericht des Microbusiness Activity Index (MAI) 2024 von GoDaddy/UCLA Anderson zeigt, dass die Verbesserung der digitalen Infrastruktur zwischen April 2020 und März 2024 landesweit über 280.000 Arbeitsplätze geschaffen hat.
3. Interaktive Dashboard der Universität von Missouri, das Venture Forward-Daten für die wirtschaftliche Entwicklungsplanung verwendet.
4. Erkenntnisse über Unternehmertum ohne vierjährige Abschlüsse, die ähnliche Einkommensergebnisse von Microbusiness-Eigentümern unabhängig vom Bildungsniveau offenbaren.
5. Medienberichterstattung, die die Auswirkungen der Internetexpansion auf kleine Unternehmen und den Trend junger Unternehmer hervorhebt, die die Hochschulbildung auslassen, um Unternehmen zu gründen.
- Digital infrastructure improvement created over 280,000 jobs nationwide between April 2020 and March 2024
- Microbusiness Activity Index (MAI) shows increased engagement and Generative AI tool adoption by entrepreneurs
- Each additional entrepreneur generates over 7.4 jobs locally on average
- 34% of women and 47% of men without college degrees make over $100k pre-tax from their microbusiness
- None.
NORTHAMPTON, MA / ACCESSWIRE / October 1, 2024 / GoDaddy
Originally published on GoDaddy LinkedIn
Welcome to the latest issue of the GoDaddy Venture Forward newsletter! Here we share our latest exclusive data, insights and news about small and microbusinesses.
Venture Forward is a GoDaddy research initiative started in 2018 to quantify the growth and impact of online microbusinesses on their local economies, and to provide a unique view into the attitudes, demographics and needs of these entrepreneurs. To date, Venture Forward has surveyed more than 50,000 entrepreneurs with a digital presence, making it the source for microbusiness data and insights. GoDaddy defines microbusinesses as small businesses with a unique domain, an active website and most often fewer than 10 employees.
If you haven't already, subscribe to this newsletter to get updates in your LinkedIn feed each quarter!
Alexandra Rosen
Global Head, Venture Forward
Updated Microbusiness Data Hub
We refreshed the Venture Forward Microbusiness Data Hub through June 2024, or Q2, across Australia, Canada, U.K. and U.S., including updated microbusiness density data, U.S. Microbusiness Activity Index and global e-commerce trends.
Here are two sets of rankings - the first by sector of the economy and the second by microbusiness density across geographies - for the U.S., U.K., Canada and Australia:
Top five e-commerce industries (based on order count) in each country:
COUNTRY | TOP | 2ND | 3RD | 4TH | 5TH |
U.S. | Beauty | Health/Medical | Retail | Fitness/Wellness | Fashion |
U.K. | Beauty | Pets | Health/Medical | Fitness/Wellness | Retail |
Canada | Beauty | Health/Medical | Fitness/Wellness | Sports | Auto |
Australia | Health/Medical | Beauty | Fitness/Wellness | Education | Pets |
Source: GoDaddy Venture Forward, Q2 2024 | |||||
Top five areas ranked by microbusiness density (the number of microbusinesses per 100 people) in each country:
COUNTRY | TOP | 2ND | 3RD | 4TH | 5TH |
Australia (SA3) | Adelade City | Sydney Inner City | Melbourne City | North Sydney - Mosman | Eastern Suburbs - North |
Microbusiness Density | 6 | 6 | 5 | 5 | 4 |
Canada (Province) | British Columbia | Ontario | Alberta | Quebec | Yukon |
Microbusiness Density | 3 | 2 | 2 | 2 | 1 |
U.K (Constituency) | Cities of London and Westminster | Stoke-on-Trent South | St Albans | Holborn and St Pancras | Hackney South and Shoreditch |
Microbusiness Density | 23 | 14 | 9 | 9 | 8 |
U.S. (Lg. Metros: pop. 400K+) | New York, NY | Tulsa, OK | Las Vegas, NV | Ft. Lauderdale, FL | Miami, FL |
Microbusiness Density | 29 | 27 | 20 | 20 | 19 |
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Source: GoDaddy Venture Forward, Q2 2024 |
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GoDaddy/UCLA Anderson Forecast: Microbusiness Activity Index (MAI) 2024 annual report
Job creation due to digital infrastructure investment skyrocketed since the start of the pandemic. Recent data from GoDaddy and UCLA Anderson Forecast shows that digital infrastructure improvement created more than 280,000 jobs nationwide - equivalent to the entire population of Reno, Nevada - between April 2020 and March 2024.
Growth in infrastructure index, April 2020 and March 2024
STATE | GROWTH IN INFRASTRUCTURE INDEX | MAI COMPOSITE | INFRASTRUCTURE | PARTICIPATION | ENGAGEMENT |
Mississippi | 98.1 | 97.4 | 96.3 | 104.4 | |
Alabama | 100.3 | 99.8 | 98.0 | 104.3 | |
Louisiana | 99.7 | 99.0 | 98.1 | 103.6 | |
New Mexico | 100.1 | 99.6 | 98.2 | 103.7 | |
Tennessee | 102.2 | 101.8 | 99.8 | 103.8 | |
Kentucky | 101.4 | 100.8 | 98.3 | 105.4 | |
Arkansas | 99.8 | 99.3 | 97.3 | 104.9 | |
West Virginia | 98.4 | 96.7 | 96.8 | 105.4 | |
South Carolina | 102.4 | 102.6 | 99.7 | 103.4 | |
Oklahoma | 102.0 | 102.4 | 99.7 | 102.6 |
Other excerpted highlights of our 2024 report
"Recent months saw a rise in the MAI, driven by increased microbusiness engagement and Generative AI tool adoption, enabling entrepreneurs with limited resources to boost productivity and compete effectively with larger companies.
On average, each additional entrepreneur generates over 7.4 jobs locally. Microbusiness participation also contributes to greater labor force participation.
"For context, in July 2021, the UCLA Anderson Forecast, in partnership with GoDaddy, launched a new MAI that analyzes the formation, growth, and dynamics of online microbusinesses, using data provided by GoDaddy. The MAI demonstrates a strong correlation with key economic indicators, including employment, unemployment, GDP, and offers timely insights into local economic activity. The report, featuring commentary, analysis, and the latest indices, continues to be published annually."
Regional Impact
Q&A: Getting to know the University of Missouri Small Business Development Center team that leverages Venture Forward data for statewide economic development planning
The University of Missouri's extension program has created an interactive dashboard to visualize GoDaddy Venture Forward's geographical data, empowering staff at the university's Small Business Development Center to counsel microbusinesses and educate local residents. The dashboard tracks microbusiness density (aka microbusinesses per 100 people) and the MAI, which tracks dozens of factors that impact the success of online microbusinesses. The dashboard is a powerful tool to provide economic briefs for small business counselors and data training for working professionals, among other uses.
Entrepreneurship doesn't require a four-year degree
A four-year degree isn't required for successful entrepreneurship. GoDaddy Venture Forward data shows that U.S. microbusiness owners with a college degree and those without contribute similar amounts of income to their household.
A significant portion of microbusiness owners without a college degree make a six-figure income, regardless of gender. Over one-third (
Women without college degrees have more long-term dreams. They are more likely to have started their business because they always dreamed of doing so (
26% ), compared to women with college degrees (20% ). Women without college degrees are also6% more likely to have started because they wanted to be their own boss.
Women with college degrees are more community-oriented. They are more likely to have started their business to contribute to their community (
24% ), compared to women without a college degree (19% ).
In the news
U.S.
Internet expansion helps small businesses expand, too, study shows - Tech Brew
"As internet access grows, so do job opportunities, according to new data from web hosting company GoDaddy.
"The domain registrar's research arm, Venture Forward, teamed up with economists at the UCLA Anderson Forecast to analyze state and local economic activity alongside web-hosting data, ultimately returning a composite score for the robustness of online business in a given area, Alexandra Rosen, global head of Venture Forward, told Tech Brew.
"The most recent results revealed that ‘digital infrastructure improvement created nearly 300,000 jobs nationwide between April 2020 and March 2024,' GoDaddy said."
U.K.
Degree of uncertainty: Are young entrepreneurs skipping higher education? - City A.M.
"Young entrepreneurs are skipping the traditional path of higher education in favour of starting their own businesses, new research has shown.
"Of the half a million digital microbusinesses surveyed by GoDaddy's research initiative Venture Forward, 22 per cent of entrepreneurs under the age of 30 said they had started their business after their A-levels instead of pursuing a university degree. This is double the national average of 11 per cent.
"A majority of those - 76 per cent - who traded in the prospect of lecture halls for real-world experience also said they are ‘glad' to not have the ‘burden' of debt sitting on their shoulders."
Australia
Why this patch of south-east Queensland is a micro-business hotspot - Sydney Morning Herald
"Tamborine, population 7500, is one of a few major towns in the Gold Coast hinterland - an area with the second-highest density of micro-businesses in Australia, research found.
"GoDaddy's Venture Forward study this year defined micro-businesses as those with fewer than 10 employees, including solo entrepreneurs, specifically looking at those that had a presence online.
"Where most parts of south-east Queensland have one or two of these businesses for every 100 residents, the Gold Coast hinterland - made up of the towns of Springbrook, Canungra and Beechmont, along with Tamborine - has more than 11."
Read more in the Sydney Morning Herald.
View additional multimedia and more ESG storytelling from GoDaddy on 3blmedia.com.
Contact Info:
Spokesperson: GoDaddy
Website: https://www.3blmedia.com/profiles/godaddy
Email: info@3blmedia.com
SOURCE: GoDaddy
View the original press release on accesswire.com
FAQ
What are the top e-commerce industries in the U.S. according to GoDaddy's Venture Forward data for Q2 2024?
How many jobs were created due to digital infrastructure investment between April 2020 and March 2024?
What percentage of young entrepreneurs under 30 started their business after A-levels instead of pursuing a university degree, according to GoDaddy's Venture Forward research?
Which area in Australia has the highest microbusiness density according to GoDaddy's Venture Forward Q2 2024 data?
