GoDaddy, the company that empowers everyday entrepreneurs around the world, released the results of its 2022 Entrepreneurship Survey. As we focus on helping our customers and entrepreneurs, we listen to them and develop and update our services to meet their needs.
The report studies the following areas of interest:
- Challenges that startups face as they try to grow in each market.
- Global challenges that have significantly impacted Entrepreneurs and their businesses.
- The Regulations/support that is required to help startups grow in each market.
- Sectors in Egypt/KSA/UAE that have the most potential to grow in 2022.
- Most essential tools for entrepreneurs to use in their business.
- E-commerce versus social commerce in the markets
- Percentage of revenue contributed to e-commerce.
- The average share of customer interactions that are digital.
Explore the GoDaddy entrepreneurship survey results.
GoDaddy commissioned market research and data analytics company, YouGov, to conduct the entrepreneurship survey among UAE small business owners and entrepreneurs as part of a region-wide survey encompassing KSA and Egypt.
GoDaddy entrepreneurship survey in the UAE.
In the United Arab Emirates, 82% of small businesses are optimistic about their business sector growing in 2023 and about 53% of businesses want to grow and increase revenue/funding by a substantial amount.
GoDaddy entrepreneurship survey in the KSA.
The survey showed that 74% of small businesses in the Kingdom of Saudi Arabia are optimistic about their business sector growing in 2023 and about 49% of businesses want to grow and increase revenue/funding by a substantial amount.
The survey also showed that the Sales main channels have been retail stores and social media with the following data:
- 44% of sales happen through social media platforms.
- 29% of sales happen through a retail store.
GoDaddy entrepreneurship survey in Egypt.
The survey showed 67% of small businesses are optimistic about their business sector growing in 2023.and about 49% of businesses want to grow and increase revenue/funding by a substantial amount.
The survey also showed that the Sales main channels have been retail stores and social media with the following data:
- 32% of sales happen through a retail store.
- 29% of sales happen on Social media platforms.
Plans for small businesses for the next year:
Across the three markets, almost half of the small businesses intend to grow by a substantial amount.
Increasing online marketing (21%) and developing online presence (19%) are the top areas where respondents plan to invest in order to grow their businesses, mainly in UAE and Egypt.
KSA businesses plan to invest more in expansion into new international markets (18%) and develop employee skills (18%).
GoDaddy is committed to supporting small businesses in starting and growing their digital footprints by providing the necessary platform and solutions to drive and maintain their success.
GoDaddy supports small businesses and entrepreneurs.
GoDaddy enables SMEs in their transition to online presence to meet their customers’ needs. From web hosting plans, domain names, to building and developing websites and online marketing tools, GoDaddy provides a one-stop-shop of tools and solutions to startups, small and micro-businesses as well as individual entrepreneurs to grow online.
As small businesses and entrepreneurs adjust to the ‘new normal’ during the pandemic, GoDaddy offers personalized support through a number of tools and solutions available in both English and Arabic.
