The Missing Entrepreneurs
Policies for Inclusive Entrepreneurship in Europe
Entrepreneurship development is an important requirement for achieving of smart, sustainable and inclusive growth. It is also a means to respond to new economic challenges, to create jobs and to fight social and financial exclusion. The impact of the global financial and economic crisis calls for giving entrepreneurship and self-employment a stronger role in economic and social development policies.
This book collects and synthesizes information and data on entrepreneurship activities in Europe, focusing on people that are at the greatest risk of social exclusion. These groups include young people, older people, women, ethnic minorities and migrants, people with disabilities and the unemployed.
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Impact of self-employment and entrepreneurship
This chapter examines the impact of business start-ups, both in terms of economic contribution and in terms of individual benefit. Data presented provide an overall picture of enterprise dynamics in the EU, including business entry and exit, as well as survival. The data show that entrepreneurs from disadvantaged and under-represented groups have businesses that are relatively small and have lower growth potential than those of the population as a whole. Nonetheless, there are important labour market attachment benefits for the entrepreneurs themselves and other benefits, including improved life satisfaction.
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