If you observed it’s hard to begin a business here within the Country, you can just consider how hard people perceive it in other countries. A whopping 96% of Italians say their government makes it hard to begin a business. Greece, Spain and Portugal aren’t far behind — with 93%, 82% and 80% respectively saying their governments make it hard.
And what are one of the places where entrepreneurs think their government doesn’t give them any such hard time? Try Malta, Sweden and Luxembourg.
This chart from a up to date Gallup Poll says a whole lot in regards to the perception of ways regulations hurt small business and startups in Europe today:
Meanwhile, back inside the Country, don’t pat yourselves at the back yet. We Americans don’t seem to be immune from our own perceptions about government interference and obstacles.
There’s a powerful perception among small businesses that regulations hurt them. Citing different Gallup polls from 2013, Professor Scott Shane mentioned how small business owners perceive regulations as being a difficulty . And business owners — those who even have to conform with regulations – see regulations as more of a hindrance than the common citizen.
“Similarly, 72 percent of small business owners said that government regulations were an issue, while only 48 percent of yankee adults said so. * * * Taxes and regulation are problematic for a bigger fraction of small business owners than Americans overall.”
With unemployment still high in Europe, you’d think entrepreneurship can be section of the solution. Say the Gallup pollsters:
“While residents in most EU countries usually tend to feel the federal government makes it hard, as opposed to easy, to begin a business, this perception is very troublesome to future growth in countries including Greece and Spain, where unemployment seriously isn’t expected to drop much less than 26% this year. New jobs in these and several European countries will largely ought to come from the personal sector after austerity measures forced one of the most deepest public-sector job cuts in a generation.”
Many Europeans have a very good opinion of entrepreneurs. They believe entrepreneurs to be good role models, a Gallup Poll says. Compare this chart to the single above:
And what in regards to the Us of a? According to the 2014 Edelman Trust Barometer , small businesses and family-owned businesses are trusted greater than their larger counterparts or government in North America. Family owned businesses are trusted by 85% and small and midsize businesses are trusted by 78%.
Bottom line: The vast majority of people within the United states of america and Europe view entrepreneurs and small businesses owners favorably. Yet those self same business owners and entrepreneurs believe their governments get of their way far an excessive amount of and that regulations hurt small business and startups.
Italian Entrepreneur Photo via Shutterstock