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Endeavor’s affiliate offices around the world work with a unified vision of strengthening local entrepreneurial ecosystems — but the process is not always cut and dry, and the challenges local entrepreneurs face often vary significantly by country. New studies from Endeavor Jordan and Endeavor Greece shine a spotlight on the unique obstacles to entrepreneurship and ecosystem growth in their countries respectively, highlighting the different approaches needed to spur economic growth.
In their Jordan Business Migration Survey, Endeavor Jordan identified that more than 70 percent of companies would consider transferring their headquarters, operations, or both, abroad, and more than 12 percent already have. From their research, they found that one of the key reasons entrepreneurs contemplate relocating is their need to access larger markets, a motive that was shared by 74% of the respondents. Some of the other major challenges cited by the companies include high taxations, regulatory instability, limited access to funding, and rigid capital controls.
Read more about Endeavor Jordan’s findings on business migration here.
In contrast, Endeavor Greece’s research found that the rate of new company formation had dropped 50 percent in 2016 from 2008, part of a growing imbalance in the entrepreneurship ecosystem affected strongly by eight years of recession. With the Greek economy risking stagnation driven by sharp decline in healthy business formation, Endeavor Greece’s findings identified unique opportunities that could be implemented to solve decline.
Read Endeavor Greece’s research on new company formation here.
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