HubSpot, a leading inbound marketing and sales software company, has launched #SummerStartup, an initiative to find and support the next great entrepreneur. HubSpot is calling for anyone to pitch their business ideas on Facebook in 25 words or less, for a chance to win $100,000 to pursue their passion.
To help make their dream a reality, the winner will also receive three years of free access to HubSpot’s Growth Stack software suite and the opportunity to be mentored by some of the world’s brightest business minds from companies like Netflix, Atlassian, Moz, Harvard Business School, and HubSpot.
According to a new, US study from HubSpot, which identifies key factors that influence job satisfaction and overall career achievement, 38% of consumers report their dream job is to run their own company. In addition, 67% also report having considered starting their own business at one point in their lifetime, yet only 10% report ever attempting it.
When asked why, respondents named lack of capital, mentorship, and tools as the top three reasons. In response, HubSpot’s #SummerStartup contest awards these three benefits to one winner willing to walk out on their day job in pursuit of their entrepreneurial dreams.
“Today, the ultimate ‘dream job’ has shifted dramatically; as we grow up, our ideals and passions change, and now more people are realising the benefits of running their own company,” said Ryan Bonnici, Senior Director of Buzz at HubSpot.
“Starting a business is challenging, but building upon your passion is worth it and meaningful. With the right resources and support, entrepreneurs can turn their ideas into reality. We’re excited to offer an opportunity that helps make one big dream come true.”
The New Dream
HubSpot’s study demonstrates that today’s workforce spends mass amounts of time and money to pursue a career, yet, they remain unhappy in their work. Specifically, the research shows, two-thirds spend four or more years on their education, spending an average of $52,000 with 44% still paying off that debt today.
Respondents also cited additional challenges to pursuing careers, ranging from the balance of school, work, and family, to finances, and academic rigor. Despite this effort, 40% of full time employees say they are unhappy in their job. When asked what would make them happy in their career, 42% said starting their own business, more than those who cited changing careers, getting a promotion, or getting a new boss.
The Pursuit of Happiness
The study uncovered that the belief that there is a connection between happiness and business ownership may be well founded. Of those who had left jobs to start their own businesses, 90% reported being happier in their career.
Entrepreneurs surveyed cited a common recipe for success. 57% attributed success to having access to the tools they needed, 48% said they had the mentors and support they needed, and 35% said they had the capital to get started.
By providing all the ingredients in this recipe, #SummerStartup will break down barriers for the winner, giving them capital, mentors, and the tools they need to leave their day job and help bring their idea to market.
To enter the HubSpot #SummerStartup contest, participants must submit their business ideas in the comments section below the launch video on Facebook in 25 words or less. Selected entrants will be asked to create a short video providing more detail about their idea to be shortlisted for the $100,000 prize; three years of HubSpot’s Growth Stack, free of charge; and one-on-one mentorship from executives.
The contest is open to residents of the United States, United Kingdom, Ireland, Singapore, and Australia. For more information and contest terms and conditions, please visit https://www.hubspot.com/startups/tools.