{"id":44740,"date":"2023-04-29T11:29:22","date_gmt":"2023-04-29T15:29:22","guid":{"rendered":"https:\/\/sciencebusiness.technewslit.com\/?p=44740"},"modified":"2023-04-29T11:29:22","modified_gmt":"2023-04-29T15:29:22","slug":"infographic-national-attitudes-on-entrepreneurship","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=44740","title":{"rendered":"Infographic – National Attitudes on Entrepreneurship"},"content":{"rendered":"
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Click on image for full-size view (Statista)<\/figcaption><\/figure>\n

29 Apr. 2023. To start a new business, one needs to judge local business opportunities against an appetite for risk, with those attitudes now revealed for individual countries. The Global Entrepreneurship Monitor<\/a> or GEM, an international organization based in London that carries out surveys on new business formation, issued its 2022\/2023 Global Report<\/a>, with data on selected countries displayed earlier this month by the business research company Statista<\/a>.<\/p>\n

The GEM report shows data from some 170,000 working-age individuals surveyed last year in 49 countries on a range of factors affecting entrepreneurship, including opinions on the business climate in those countries. The survey asked respondents if they see good opportunities for starting a business in their regions.<\/p>\n

Results show, in general, developing countries more likely to favorably view their new-business opportunities than in the West. From eight to nine in 10 respondents in Saudi Arabia and Indonesia say they see good opportunities for starting a business, as well as two-thirds to three-quarters of participants in India and Venezuela. The Netherlands is the only country in the West displayed by Statista where a clear majority (62%) see good opportunities for starting a new business.<\/p>\n

The survey also asked respondents if, given the opportunity, they would not start a business because it might fail. On this question, participants in developed countries show greater tolerance of risk. Only 8 percent of participants in South Korea express a reluctance to start a new business from fear of failure, along with 25 percent or fewer in the U.K., U.S., Switzerland, and Netherlands, as well as Venezuela and Iran. One-third to a majority — 32 to 58 percent — of respondents in China, India, Indonesia, and Saudi Arabia say the prospect of failure is holding them back.<\/p>\n

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