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Slovenia Business Week no. 04: GEM Survey Shows Improvement in Entrepreneurship in Slovenia

The latest Global Entrepreneurship Monitor (GEM) survey has found that the situation in Slovenia is improving, although the country still lags behind the top performers in the field

The latest Global Entrepreneurship Monitor (GEM) survey has found that the situation in Slovenia is improving, although the country still lags behind the top performers in the field.

The share of adults embarking on entrepreneurship or owning a nascent business has risen significantly, Miroslav Rebernik, the head of the GEM survey for Slovenia, told a conference in Maribor on Thursday, 19 January.

Nevertheless, among 20 European countries included in the survey Slovenia places only 17th in terms of early entrepreneurial activity; it is in the bottom fifth among all 35 participating countries.

According to Rebernik, it is encouraging that an increasing number of people decide to start their own business because they spot a good opportunity rather than being forced into it due to a lack of other job opportunities.

Even though men are still more likely to start their own business than women, Rebernik said the number of women is on the increase as well. Moreover, the "mortality index" which measures the rate of failed ventures has improved.

Despite encouraging signs, Rebernik also highlighted several shortcomings that have to be tackled: low innovativeness of established companies, poor education structure of entrepreneurs, an environment not conductive of entrepreneurship and a lack of training programmes for entrepreneurs.

People are disinclined towards entrepreneurship: the minority of people are convinced that entrepreneurship is an appropriate career, that entrepreneurs are respected and that media often feature stories on successful entrepreneurs, he said.

Rebernik stressed that Slovenia must fundamentally alter its attitude towards entrepreneurs, while the government faces the task of achieving social consensus on the significance of entrepreneurs for economic growth.

The results were presented at an international conference dubbed Innovative Approaches to the Development of Entrepreneurship, which was organised by the Public Agency for Entrepreneurship and Foreign Investments.

Source: Slovene Press Agency STA

Author: STA