When asked about what sacrifices they would be willing to make, a third of Australian Gen Y said they be willing to take a pay cut; more than 60 per cent would be prepared to work long hours; and more than half stated that they would go without a holiday for a year. With PPWC, you’re assessed on your Pay Pal sales history and when we got approved we had the loan in minutes, which meant we could pay the import taxes and had socks to sell in time for Christmas.
Key Takeaways:
- According to the latest research from PayPal Australia, almost 70 per cent of Australian budding entrepreneurs (69 per cent) say getting the up-front finance is one of the biggest barriers to becoming your own boss.
- While the desire to be your own boss resonated with the majority of respondents, Gen Y (80 per cent) were much more interested than baby boomers (36 per cent).
- Furthermore, one fifth of Gen Y respondents said they’d be willing to sacrifice up to $15,000 a year to work for themselves.
“PayPal’s solution is PayPal Working Capital (PPWC), which has provided more than $100 million in funding to over 3500 Australian SMEs since its launch in 2014.”
https://insidesmallbusiness.com.au/planning-management/getting-finance-biggest-barrier-becoming-boss
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