Global Entrepreneurship Monitor United Kingdom 2005

  • Harding, R., Brooksbank, D, Hart, M., Jones-Evans, D., Levie, J., O'Reilly, Walker, J. (2005). (Global Entrepreneurship Monitor)
  • Abstract: Attitudes towards entrepreneurship are generally positive with a small but significant increase in the numbers of people seeing good business opportunities between 2004 (36%) and 2005 (38%). However, fear of failure has increased slightly but not significantly from 33% to 34% of the whole population. • 18-24 year olds are the most likely of any age grouping to be expecting to start a business in the next three years. They are also, with the 25-34 age group, the most likely to know an entrepreneur and have the second lowest fear of failure rate after the 55-64 age group. Entrepreneurship is significantly more likely to be seen as a good career choice, and entrepreneurs are noticeably given a higher status in society by 18-24 year olds than any other age group. They are much less likely to perceive they have the skills to start a business, however. • Ethnic minority groups are, as in previous years, substantially more entrepreneurial than their white British counterparts, although this may in part be because they tend to be younger on average. TEA rates amongst Indian origin respondents and Pakistanis are twice as high as they are in White communities and TEA in the Black African community is almost three times higher. Black African women are significantly more entrepreneurial than women from other ethnic groups. • S ocial entrepreneurial activity (SEA), defined as the proportion of working age adults actively trying to start a social enterprise that they will manage alone or with others, or managing a new social enterprise that is less than 3.5 years old, was 3.2% in the UK in 2005. SEA is particularly high among those with postgraduate education experience (5.5%) and is also high among students (5.0%) and in the ethnic minority community (5.0%). • GEM UK reports for the first time in 2005 responses to questions about enterprise education. We find that those who have taken some form of enterprise training at school, college or university are significantly more likely to be entrepreneurially active, to be expecting to start a business in the next three years or to be engaged in a nascent business (of less than three months old). View external link »
  • Theme: Perceptions and attitudes
  • Keywords: entrepreneurial attitudes; entrepreneurial activity; entrepreneurial aspirations
  • Reference type: Report
  • Geographic location: United Kingdom
  • Quality: Annual Report by GEM using their own survey
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