Global Entrepreneurship Monitor 2012 Sub Saharan Africa Report

Download or read book Global Entrepreneurship Monitor 2012 Sub-Saharan Africa Report written by Mike Herrington and published by . This book was released on 2013-10-10 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In general, most individuals in sub-Saharan Africa (SSA) have high perceptions about the presence of good opportunities for starting businesses in the next 6 months, with the exception of South Africa (35%) where this measure is well below the average of 70% for the region. It should be noted that the types of businesses in which sub-Saharan entrepreneurs commonly engage differs from more developed economies in that they are generally lower margin, "me too" businesses with low levels of differentiation and often driven by necessity.The perception that individuals have the skills necessary to start and successfully run a business are high in all countries (average 76%), again with South Africa being the exception at 39%. Nonetheless, the figures for SSA are substantially higher than all other regions around the world, including those in developing economies. On average, the sub-Saharan Africa region exhibits the lowest levels of fear of failure with only 24% of all respondents indicating that fear of failure would prevent them from starting a business. The only other region that comes close to this is Latin America and the Caribbean at 28%.These high perceived levels of both opportunities and skills, and low fear of failure is most encouraging because perceptions such as the desirability, feasibility and abilities for entrepreneurship can lead towards higher entrepreneurial intentions.