I am blogging today from Budapest. The level of early stage entrepreneurship in Hungary is 6.9% according to the Global Entrepreneurship Monitor of 2007.
That same study showed that about 75% of ventures were opportunity based, while 25% were out of necessity.In talking with people here in Hungary I get the sense that this mix may be swinging toward more necessity based entrepreneurs as the economy here worsens.
According to an EU report, Hungary has the lowest opportunity-based entrepreneurial activity in the EU25. This same report gives Hungary a low entrepreneurial activity and low entrepreneurial climate score.
There seems to be a strong cultural component to this, as seen in this conclusion from the EU report:
Similar to the average European respondent, the Hungarian is more likely to prefer being an employee to being self-employed. However, Hungary stands out when it comes to the reasons for the respective preference: Hungarian respondents who prefer being an employee, more often than individuals in other countries, say it is because the right entrepreneurial climate (e.g. lack of a business opportunity, lack of finances or excessive red tape) does not exist. Likewise, Hungarians who prefer being self-employed, more often than individuals in other countries, cite economic reasons for this preference and not the freedom and independence that being self-employed entails.
I’m doing this interdisciplinary unit about entrepreneurship, and you have to sell stuff, the thing is i have no sweet clue what to sell and this is worth 15% of my grade in every subject. I’m desperate for ideas!