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Entrepreneurship Survey of the EU 25 Member States, United States, Iceland and Norway

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... of the results for the 28 countries included in the survey, reveals widely ... However, one can see that Italy and Malta are the two Member States most in line ... – PowerPoint PPT presentation

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Title: Entrepreneurship Survey of the EU 25 Member States, United States, Iceland and Norway


1
Entrepreneurship Survey of the EU (25 Member
States), United States, Iceland and Norway
  • Fieldwork January 2007
  • Report April 2007
  • Issued 8th October 2007

2
Self Employment prospects looking brighter for
Malta
3
In Malta self employment is preferred to normal
employment, 2004 - 2007
  • In five of the NMS10, the preference for
    employee status has increased since 2004. This is
    mostly the case in Cyprus (6), Slovenia (3) and
    Slovakia (1). We have seen a very strong
    decrease in this ratio for Latvia (-20), together
    with Lithuania (-9) and Malta (-5).

4
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5
Preference for Self Employment Status
  • Measures
  • 1) Personal Independence
  • 2) Business Opportunities
  • 3) Better Income
  • 4) Freedom to choose the place and time of
    working
  • 5) Lack attractive (permanent) employment
    opportunities
  • 6) Members of family or friends are self employed
  • 7) Favourable economic climate
  • 8) Desire to avoid employment-related
    uncertainties
  • 9) Other

6
Reason for improvement in self employment status
in Malta (1)
  • The degree of personal independence associated
    with being self-employed interests the Austrians
    the most (83), but is also mentioned by a
    relatively large number of citizens in Germany,
    Belgium, Cyprus, Portugal, Greece, Poland and
    Malta (70). Although respondents in Iceland are
    the least interested in this issue, 46 still
    mention this factor.

7
Reason for improvement in self employment status
in Malta (2)
  • A favourable economic climate is the most
    important reason for Estonians (18), to be
    self-employed followed by the Czechs, Maltese
    (11), Latvians and the Greeks (more than one out
    of 10 citizens mentioned it). No respondents from
    Ireland or Iceland mentioned this reason.

8
Malta ranks higher than EU average in
desirability to become Self Employed
9
Feasibility of Self Employment 2004 - 2007
Those who replied that self employment is not
feasible decreased from 74 in 2004 to 70 in
2007.
10
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11
How would you describe your current situation?
  • Never thought about opening a business 50
  • Thought about it 10
  • Thought about it but gave up on the idea 22
  • Currently starting a new business 1
  • Still active today 3
  • No longer an entrepreneur 1
  • No Answer 14

12
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13
(24) out of those who have not started business
have gave up on their project ideas
  • Q11. Have you ever started a business or are you
    taking steps to start one?
  • Yes 5.1
  • No 92.3
  • Q11a. From the 92.3 - How would you describe
    your situation?
  • It never came to mind 54.6
  • Thinking about starting up a business 10.3
  • Thought of it or had a taken steps to start a
    business but gave up 23.5 (followed by UK
    (25), Austria (25) and Germany (26)).
  • Therefore, Out of total population - 92.5
    23.5 22

14
Experience in setting up a business
15
Malta highest ratio of businesses still active,
2004 -2007
  • Citizens in Malta have the highest ratio of
    still active businesses (56), followed by
    citizens in Greece (51) and Iceland (46). In
    each of the countries surveyed, more citizens
    started their still-active business over three
    years ago than in the last three years.
  • The Slovenians mentioned in the highest
    percentage (49) that they once started a
    business but they are no longer entrepreneurs
    (because the business failed, or was sold,
    transferred or closed.). The Slovenians are
    followed by the Danes (48), the Italians (43)
    and the Cypriots (43). Citizens of Malta report
    this situation in the lowest proportion (17).

16
Malta has the lowest proportion (17) of
businesses opened which are no longer active
17
Elements when considering setting up a business
  • 1) Appropriate Business idea
  • 2) Receiving necessary financial means
  • 3) Appropriate Business Partner
  • 4) Dissatisfaction with previous situation
  • 5) Changes in family circumstances
  • An analysis of the results for the 28 countries
    included in the survey, reveals widely differing
    characteristics for each of them. However, one
    can see that Italy and Malta are the two Member
    States most in line with the EU average.

18
More Maltese see business as an Opportunity
rather than necessity
Business as an opportunity 2004 46 2007
62
19
Entrepreneurship Education
  • Other Member States, apart from Portugal, that
    scored highly in these educational categories
    were Malta (66)…
  • … 39 of Irish students developed an interest
    in becoming an entrepreneur (a figure only beaten
    by Malta (44) and Portugal (50).

20
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21
Evaluation of entrepreneurial difficulties
  • Main difficulties faced in 2007
  • 1) lack of financial support
  • 2) complexity of administrative procedures
  • 3) difficulties in obtaining useful information
  • 4) risk of failure

Complexity of the process …Lithuanians
mentioning it with highest rate (78),… Iceland,
Austria and Malta (56) are seen to have the
least complex processes.
22
Thank You
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