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ENTREPRENEURSHIP Effects on Europe’s Economy
WHAT IS ENTREPRENEURSHIP? <ul><li>starting your own business  </li></ul><ul><li>inventing something new  </li></ul><ul><li...
WHY IS ENTREPRENEURSHIP IMPORTANT? <ul><li>Entrepreneurship creates jobs and reduces unemployment.  </li></ul><ul><li>Rese...
ENTREPRENEURSHIP CHALLENGES  IN EUROPE <ul><li>Europe ‘s lack of Entrepreneurship negatively impacts  its economy. </li></...
EUROPE VS. UNITED STATES <ul><li>Compared to the US, there is less entrepreneurial development in the European Union.  </l...
RISK OF ENTREPRENEURSHIP <ul><li>Some Europeans feel that there are too many risks involved when starting a new business o...
WAYS TO PROMOTE ENTREPRENEURSHIP <ul><li>Education and training should contribute to encouraging entrepreneurship, by fost...
SUMMARY <ul><li>Although many people in Europe express a preference for being an entrepreneur, many lack the confidence an...
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Entrepreneurship

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Entrepreneurship

  1. 1. ENTREPRENEURSHIP Effects on Europe’s Economy
  2. 2. WHAT IS ENTREPRENEURSHIP? <ul><li>starting your own business </li></ul><ul><li>inventing something new </li></ul><ul><li>a spirit of creative thinking and innovation that embraces an entire organization </li></ul>
  3. 3. WHY IS ENTREPRENEURSHIP IMPORTANT? <ul><li>Entrepreneurship creates jobs and reduces unemployment. </li></ul><ul><li>Research suggests that entrepreneurship provides a positive contribution to economic growth. </li></ul><ul><li>Entrepreneurship can also play a positive role in delivering health, education and welfare </li></ul><ul><li>services. </li></ul>
  4. 4. ENTREPRENEURSHIP CHALLENGES IN EUROPE <ul><li>Europe ‘s lack of Entrepreneurship negatively impacts its economy. </li></ul><ul><li>Europe needs more new businesses in order to increase employment and improve economically. </li></ul>
  5. 5. EUROPE VS. UNITED STATES <ul><li>Compared to the US, there is less entrepreneurial development in the European Union. </li></ul><ul><li>Europeans are less involved than Americans in new entrepreneurial initiatives and European businesses do not grow as much as in the US. </li></ul>
  6. 6. RISK OF ENTREPRENEURSHIP <ul><li>Some Europeans feel that there are too many risks involved when starting a new business or organization (Entrepreneurship) </li></ul><ul><li>The risks are… </li></ul><ul><li>Going bankrupt </li></ul><ul><li>Losing personal property </li></ul>
  7. 7. WAYS TO PROMOTE ENTREPRENEURSHIP <ul><li>Education and training should contribute to encouraging entrepreneurship, by fostering </li></ul><ul><li>the right mindset, awareness of career opportunities as an entrepreneur. </li></ul><ul><li>The more Europeans know about starting their own business, increases the likelihood of them becoming an entrepreneur. </li></ul>
  8. 8. SUMMARY <ul><li>Although many people in Europe express a preference for being an entrepreneur, many lack the confidence and skills to turn their ambitions into action. </li></ul><ul><li>Young people should be exposed to entrepreneurship and be supported, along with their educational trainers, in developing entrepreneurship skills. </li></ul>

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