5 Most Entrepreneurial Countries in the world
- Nations with entrepreneurial spirit
- A research by the Approved Index notified that US ranks 41st whereas Britain ranks 37th on the list indicating nations with entrepreneurial capability
While being an entrepreneur is a way of life for many, a few carve out their own opportunities to meet the need of the hour. Likewise, it’s not just the super power nations that lead the entrepreneurship bandwagon, but also the emerging economies that stand at equal. So let’s take a quick look at the world’s top five nations where being your own boss, having your own choice of working hours and implementing your own ideas is what drives the nation and its citizens.
Definitely a star with its favorable business conditions, New Zealand ranks first on our list of top five business savvy nations. With a small population and quick growth of its economy, New Zealand facilitates easy set up of business with minimal procedures and capital. Offering trade freedom and protection to the business owners, New Zealand certainly encourages entrepreneurs of all kind, from the big industries possessors to the small grocery shop owners.
Canada’s culture is such that it promotes entrepreneurship. A highly educated population and fewer procedures to start a business are the most important ones. For start-up entrepreneurs Canada provides funding from public aid, coaching programs and regular government support to ensure long-term entrepreneurial success. While the citizens are well versed with research and development, Canadian business owners are now exploring new business ideas with the technology sector.
While it might come as a surprise to many, Uganda is actually on this list. In countries where the unemployment is high and there aren’t many growth opportunities, people prefer to have their own businesses to survive the worldly struggles. From selling food on streets to running small tailoring shops, Uganda is one nation that boasts of unique entrepreneurial talent.
Thailand’s private sector has played an important role in developing the economic growth of the country. In addition, the public sector has led and boosted the growth of these private institutions with favorable fiscal policies. Thailand is one nation which encourages the women population to drive business. From owners of boutiques to vendors on the street, women are experimenting with all types of businesses in this tourist oriented nation.
Even though there is lack of infrastructure, the Vietnam government offers liberalized domestic trade policies for business owners. While the nation is picking up occupations of this era to boost its growth, the prolific stalls and street barbers are yet the largest group of entrepreneurs in this beautiful nation.