Eurobarometer Poll: EU citizens less likely to start a business than US citizens, why?

Although 45% of Europeans would like to be their own boss, Americans, at 61%, are more keen to try entrepreneurship. Why are Europeans less keen to “have a go”? What are the obstacles in Europe – real or imagined – that help explain why 59% of Europeans have never even considered setting up a business, let alone achieved such a dream?

The results of a Eurobarometer survey illustrate why Europeans consider setting up an enterprise and why not. A regular income is the main motivation for those Europeans who would rather retain their employee status, 30% of respondents citing this reason in our survey as opposed to only 16% of Americans. Job stability is also considered important by 24% in the EU25 compared with only 10% in the USA. Fear of failure also preoccupies Europeans. Half of the Europeans asked agreed that they would not set up a business if it is likely to fail, compared with only one-third of Americans. However the figures vary widely between Member States.

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News Source: Cordis News