Global Entrepreneurship: May 2010 Archives

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:

• 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.

And the entrepreneurial activity that is going on does not seem to be the economic engine this country so desperately needs right now.  B&H entrepreneurs do not have growth expectations: only 13.8% expect to create 10 or more jobs in the next five years, unlike the previous year when the rate was 15.3%.