Swedes are not good starting new businesses – contrary to previous perception


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Thursday, 30 June 2011
It was at first thought that Swedes were great at starting their own businesses and very dynamic in entrepreneurial related activities. But it turns out that starting a business is not a thing for the Swedes.

Among 59 countries polled to assess the level of entrepreneurial spirit and the zeal to start a business, Sweden emerged number 47 place among the most entrepreneurial in Europe according to a report from the European Entrepreneurship Forum.

30 percent of Swedes say they do not want to start their own because they are afraid to fail.
In comparison with the Nordic countries and other small EU countries, Sweden shows a lower level of both start-ups and young companies, and few young companies have limited export potential, according to the report.

It should be noted that the Swedes love franchises that have been successful abroad rather than starting their own companies from zero. All the international big names flourish here even though this is just a small market of about 9 million people.

The company start-up policy in Sweden is also to be blamed as the authorities expects that when a business is started it should immediately start paying divided. With lots of tax expectations when if the business is registered and no client has yet been attained. The system also requires that in starting a business here, the entrepreneur should be able to get a big pool of money to dig into.

Stories like how American giant companies such Google started in a garage or how twitter has not made profits - such companies would have dies if they were started in Sweden.  To register a limited liability company in Sweden the rule is that Skr50 000 has to be deposited an expensive bank account. Just last year Skr100, 000 was the required amount.
By Team

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