The 2009 Global Entrepreneurship Monitor report for Bosnia and Herzegovina does not paint an encouraging picture for the economy in this struggling country.
According to GEM, the readiness of Bosnia & Herzegovina citizens to engage in entrepreneurial activity is at a low level, especially for females.
Here are the highlights:
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According to GEM, the readiness of Bosnia & Herzegovina citizens to engage in entrepreneurial activity is at a low level, especially for females.
Here are the highlights:
- Total early-stage entrepreneurial activity is 4.4%, which is half the 9% registered in in B&H in 2008.
- The rate of nascent entrepreneurs is 3.1%.
- The rate of established business owners is 3.9%.
- 2.7% of adults claim to be opportunity driven while 1.7% claim that "necessity" is their main motive for starting entrepreneurial activities.
Wow! I personally had no clue about this. And it is surprising to see how not every country considers business as important as others. However, even when the business value may vary from country to country, the truth is that due to globalization, the need to grow the business area starts to be part of the economy of a country. My question is, are the most powerful business markets around the world likely to take over these weak and poor-developed markets?
When all else fails, MAKE yourself a job... Good for them. That's how an economy boot straps itself. Something like 1 in 3 Americans works at a company of 5 or fewer employees.