The Entrepreneur Resists

The data are optimistic if we consider that the fall is only 8%, still far from the 24% that was between 2001 and 2002 following the attack on the Twin Towers. “A drop so modest, and more on such related activity with the environment such as entrepreneurship. News of the crisis greatly influence the psychological aspect when starting a business, “says Ignacio de la Vega, director of the GEM project in Spain and recently appointed Chairman of the World Board of GEM.

The Entrepreneur Resists
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But we must be cautious and wait to see how the rate in a year that intuits difficult. “Certainly, the number of entrepreneurs will decrease in 2009, but will not reach the levels of 2002. I think the fall will not be greater than 15%,” said De la Vega.

Moreover, the crisis leaves no nothing positive figure: in 2008 340.437 companies, 30% more than the previous year closed. Are the main causes? The low profitability and problems obtaining financing, a reason to increase this year and of particular concern.

The Entrepreneur Resists
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The barrier of funding

And is that if something entrepreneurs complain is the lack of financial support. The funding helps to create a company is not enough, experts participating in the GEM, the approved. “It ‘s a very important barrier , ” says study director. Proof of this is the high percentage of seed capital, or money to start the business, which provide entrepreneurs (67% of the total) and the high number of them to bring in their entirety (almost 41% ).

However, in recent years the development of financial support has been good. At least, so says De la Vega. “Gradually, banks have been creating specific resources for entrepreneurs; Governments also with the ICO entrepreneurs line … There have been favorable developments, but now it has slowed due to the crisis “.

On the other hand, informal investment, as often happens in times of crisis, it has considerably decreased this year: only 2.8% of the working population has acted as business angel. But “even now has slowed, this figure has grown positively in recent years and has brought us closer to countries with more culture in this regard,” believes De la Vega.

The Entrepreneur Resists
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How is our entrepreneurial?

Man, about 40 years, with higher education and an average income of between 1,200 and 2,400 euros. As for the characteristics of those who undertake the GEM unfolds in its latest study that the recession is also noticeable in the profile: a higher percentage of entrepreneurs without higher education and, in general, few have set up a business before (symptom, it Finally, the low business mentality of our society).

More foreigners and women

Another notable aspect of the GEM 2008 report is that, despite the environment, the percentage of foreigners in Spain undertaking remains of every 100 entrepreneurs, nearly 13 are from another country. Reasons? “They have a mentality more developed to create initiatives and a greater need to do it for survival , ” says the study. And nationalities, Argentines again position itself as the most enterprising. Repeat for the fourth consecutive year.

Image Source : Google Image
Image Source : Google Image

As for the sex of the entrepreneur, the data is positive: 42.2% are women, compared to 35.9% in 2007, confirming that the distances between the sexes are shortened. As the report notes, “this change may be due to the intensity of policies to support women’s entrepreneurial activity, but can also be a symptom of seeking self-employment before the recession.” For more tips we suggests to visit http://diffone.com/.

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