Effects on Europe’s Economy

starting your own business inventing something new a spirit of creative thinking

and innovation that embraces an entire organization

Entrepreneurship creates jobs and reduces unemployment.

Research suggests that entrepreneurship provides a positive contribution to economic growth.

Entrepreneurship can also play a positive role in delivering health, education and welfare

services.

Europe ‘s lack of Entrepreneurship negatively impacts its economy.

Europe needs more new businesses in order to increase employment and improve economically.

Compared to the US, there is less entrepreneurial development in the European Union.

Europeans are less involved than Americans in new entrepreneurial initiatives and European businesses do not grow as much as in the US.

Some Europeans feel that there are too many risks involved when starting a new business or organization (Entrepreneurship)

The risks are… Going bankrupt Losing personal property

Education and training should contribute to encouraging entrepreneurship, by fosteringthe right mindset, awareness of career opportunities as an entrepreneur.

The more Europeans know about starting their own business, increases the likelihood of them becoming an entrepreneur.

Although many people in Europe express a preference for being an entrepreneur, many lack the confidence and skills to turn their ambitions into action.

Young people should be exposed to entrepreneurship and be supported, along with their educational trainers, in developing entrepreneurship skills.