Monday, April 27, 2020
What are the constraints, supports and recommendations for new entrepreneurs?
Previous chapters have detailed the rich tapestry of entrepreneurial activity across the globe in its many forms, shapes and sizes, by reporting the results of more than 150,000 nationally representative interviews in 50 economies. This level of detail has allowed the estimation of a range of key entrepreneurship indicators, while the careful adoption of the same methodological approach in each economy has enabled comparisons across those economies.
However, any decision to start and run a new venture will be taken in a specific context, encompassing a wide range of local and national conditions that may facilitate or hinder that new venture. For example, a city or region may encourage entrepreneurial activity by providing quality education in schools and colleges, including entrepreneurship training, or may discourage that same activity by having exorbitant business registration fees or a heavy burden of local regulation and bureaucracy. (Read more…).