Entrepreneurship is important for Europe's economy as it creates jobs, reduces unemployment, and contributes to economic growth. However, Europe lacks entrepreneurship compared to the US, with fewer new businesses starting and smaller business growth. While many Europeans want to be entrepreneurs, some feel there are too many risks like bankruptcy. Promoting entrepreneurship education can help foster the right mindset and skills to encourage more Europeans to start their own businesses.

1. ENTREPRENEURSHIP Effects on Europe’s Economy

2. WHAT IS ENTREPRENEURSHIP? starting your own business inventing something new a spirit of creative thinking and innovation that embraces an entire organization

3. WHY IS ENTREPRENEURSHIP IMPORTANT? 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.

4. ENTREPRENEURSHIP CHALLENGES IN EUROPE Europe ‘s lack of Entrepreneurship negatively impacts its economy. Europe needs more new businesses in order to increase employment and improve economically.

5. EUROPE VS. UNITED STATES 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.

6. RISK OF ENTREPRENEURSHIP 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

7. WAYS TO PROMOTE ENTREPRENEURSHIP Education and training should contribute to encouraging entrepreneurship, by fostering the 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.

8. SUMMARY 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.