8,000 People Across 15 Countries Share Their
Perspectives in Fourth Annual Global Entrepreneur Survey
LOS
ANGELES, May 18, 2022 /PRNewswire/
-- Herbalife Nutrition, a premier global nutrition company
that has been changing people's lives with great nutrition products
and a business opportunity for its independent distributors since
1980, has released the results of its fourth annual global
entrepreneur survey. Overwhelmingly, respondents agreed that a
secret to success is resiliency and the ability to seize
opportunities to learn and improve. One of the key takeaways from
the global survey revealed that 88 percent of respondents said,
"people who want to be successful, can't be afraid to make
mistakes," and 85 percent don't believe they'd be where they are
today if they stopped trying after making a mistake.
People who want to be successful, can't be
afraid to make mistakes, according to new survey findings.
"Our annual global entrepreneur survey reveals insights into
entrepreneurial life, providing key learnings as people consider
becoming their own boss," said John
DeSimone, president of Herbalife Nutrition. "This year's
survey findings align with something we've heard consistently from
our distributors—that good business fundamentals and hard work
combined with planning, organization and surrounding yourself with
supportive people who can offer an honest opinion, can be essential
drivers of success."
Herbalife Nutrition commissioned the global survey of 8,000
small business owners and employees from 15 countries, which was
conducted by market research firm OnePoll. The survey, which
included responses from 2,000 Americans, inquired about the
specific lessons they've learned from workplace mishaps.
According to the findings, 84 percent of small business owners
and employees worldwide see making mistakes as opportunities for
growth, and small business owners surveyed reported experiencing an
average of two unsuccessful ideas before finding one that worked —
but these ideas created learning opportunities and were important
in their growth. Of those who previously had unsuccessful ideas, 89
percent learned lessons from each one — indicating that missteps
are an important part of most respondents' success.
"In business, just like in life, what matters most is seizing
the opportunity to learn and improve," said DeSimone.
"Entrepreneurs are constantly learning and growing, ultimately
strengthening their businesses."
The survey uncovered advice that small business owners would
give to new entrepreneurs including:
- Make a business plan (41%)
- Get organized (39%)
- Don't be afraid to make mistakes (38%)
- Ask for help when needed (36%)
- Surround yourself with people who have stronger skillsets in
different areas than you (26%)
Also, according to the survey respondents, the top five lessons
learned from mistakes included:
- Learned how to be more productive (41%)
- Gained a better understanding of their tasks (34%)
- Learned how to prioritize (32%)
- Picked up a better understanding of the big picture (30%)
- Developed a willingness to learn best practices and innovate
with continued education (27%)
For more information about the survey or tips for entrepreneurs,
visit www.IamHerbalifeNutrition.com.
About Herbalife Nutrition Ltd.
Herbalife Nutrition
(NYSE: HLF) is a global company that has been changing people's
lives with great nutrition products and a business opportunity for
its independent distributors since 1980. The Company offers
science-backed products to consumers in 95 markets through
entrepreneurial distributors who provide one-on-one coaching and a
supportive community that inspires their customers to embrace a
healthier, more active lifestyle. Through the Company's commitment
to nourish people, communities and planet, Herbalife Nutrition
pledges to achieve 50 million positive impacts – tangible acts of
good – by 2030, its 50th anniversary.
Survey methodology:
Data from an international survey
commissioned by Herbalife Nutrition in 15 countries from
March 14 to April 11, 2022, with a
panel of 8,000 small business owners and employees. It was
conducted by market research company OnePoll, whose team members
are members of the Market Research Society and have corporate
membership to the American Association for Public Opinion Research
(AAPOR) and the European Society for Opinion and Marketing Research
(ESOMAR).
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SOURCE Herbalife Nutrition (NYSE: HLF)