Submitted by GoDaddy
A Note From GoDaddy CEO Aman Bhutani
Entrepreneurs are important. They innovate. They create solutions to unaddressed challenges and opportunities. But how do we measure the impact they make on their local economy and community? What insights are most useful to better serve them and help those who advocate for them? These are the questions we wanted to answer five years ago when we launched GoDaddy’s Venture Forward research initiative. Our aim was to expose what these entrepreneurs needed for success given they are often too small to be measured by traditional reports and government statistics and therefore not broadly understood.
Over the last five years, we studied entrepreneurs and entrepreneurship through Venture Forward. Throughout that time, we surveyed more than 30,000 small business owners about their needs, concerns and dreams. We regularly scrutinize data from more than 21 million ventures.
Through the research, we discovered these businesses provide an outsized impact to local and broader economies. For example, one in three U.S. microbusinesses contribute 51% or more to household income; and approximately seven additional jobs are created at the county level for every one online microbusiness entrepreneur. Microbusiness equals major impact.
I invite you to delve into the insights in this report and share them with those in a position to advocate for entrepreneurs. At GoDaddy, we believe by learning more about entrepreneurs, we can further empower them to grow and thrive, making opportunity more inclusive for all.
GoDaddy Venture Forward Report | Summer 2023 | U.S. Edition
This report is powered by the latest data from Venture Forward, a GoDaddy research initiative to quantify the presence and impact of over 21 million online microbusinesses on their local economies, while shining a light on the entrepreneurs behind them. Our goal is to empower anyone who advocates for entrepreneurs with robust data and insights that can’t be found elsewhere.
GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online. GoDaddy is the place people come to name their idea, build a professional website, attract customers, sell their products and services, and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success. To learn more about the company, visit www.GoDaddy.com.
GoDaddy focuses on making opportunity more inclusive for all in the communities where we work, live and play across the globe. We rally behind inclusive entrepreneurship and other critical local needs that empower people to succeed through philanthropic and in-kind donations, volunteerism, strategic partnerships and advocacy.
Empower by GoDaddy is GoDaddy's global community and philanthropic program equipping entrepreneurs in underserved communities with training, tools and peer networks to accelerate their journeys. GoDaddy rallies behind entrepreneurs in underserved communities by building their confidence and skills to strengthen their small business’ digital presence. Entrepreneurs engage in customized learning experiences, work 1-1 with GoDaddy volunteer coaches and local mentors, and gain access to wrap-around services, in-kind products and networks boosting their small businesses success.
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