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    Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

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    Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

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      Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

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        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

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        Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

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        Donald Trump diary reveals exact time he will arrive in Scotland

        Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

        Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

        System must work to protect public as report finds chances missed with Southport killer

        System must work to protect public as report finds chances missed with Southport killer

        NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

        NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

        Scottish Labour MP to vote against welfare reforms despite Keir Starmer climbdown

        Scottish Labour MP to vote against welfare reforms despite Keir Starmer climbdown

        Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

        Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

        Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

        Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

        Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

        Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

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          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

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          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

        • Sports
          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

          Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

          Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

          Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

          Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

          Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

          Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

          Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

          Exact cost of Rangers injury crisis revealed as payments to crocked stars double that of Celtic

          Exact cost of Rangers injury crisis revealed as payments to crocked stars double that of Celtic

          Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

          Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

          Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

          Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

          Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

          Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

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          The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

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            Tech fans rush to buy £30 Acer Chromebook tablet that is ‘perfect for work and play’

            Apple fans rush to buy MacBook for only £99 after 54% price slash

            Apple fans rush to buy MacBook for only £99 after 54% price slash

            Lego Game Boy unveiled with pre-orders now live – but some point out ‘disappointing’ flaw

            Lego Game Boy unveiled with pre-orders now live – but some point out ‘disappointing’ flaw

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            Panasonic dishes out £100 takeaway vouchers and 15% off ‘first class’ OLED TVs

            ‘Classy’ smartwatch that ‘performs as well as expensive brands’ now £50 in Amazon Prime deal

            ‘Classy’ smartwatch that ‘performs as well as expensive brands’ now £50 in Amazon Prime deal

          • Health
            Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

            Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

            Tesco recalls popular beauty and skincare product over nasty infection risk

            Tesco recalls popular beauty and skincare product over nasty infection risk

            ‘I used old-fashioned method to lose 4stone after microwave incident’

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            Donald Trump medical condition diagnosed as US President suffers swollen legs

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            Clinical microbiologist issues warning over hidden ‘droppings’ in bed sheets

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            Sainsbury’s ‘gorgeous’ £25 jacket shoppers say is ‘good for all weather’

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            Tesco shoppers ‘run’ to stores for ‘gorgeous’ £29.50 cardigan

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            Former DWP employee urges all parents to claim Child Benefit to boost State Pension payments

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            DWP boss defends welfare reform changes after PIP plans put on hold

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            People on highest PIP could see payments rise to nearly £800 each month from next April

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            Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

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            Fury as Welsh Government rejects recommended 4.8% pay rise for teachers

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            Lecturer struck off after falling asleep, playing on his phone and describing students as ‘d*** heads’

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          The global picture on entrepreneurship activity

          by Albert K. Martin
          February 20, 2022
          in Opinion
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          For the last 23 years the Global Entrepreneurship Monitor (GEM) has been collecting data on entrepreneurial activity in order to inform politicians, policymakers and businesses as to the best way to increase entrepreneurial activity around the world.

          As we begin to slowly emerge from the economic downturns of the last two years caused by the Covid-19 pandemic, it is becoming clear that support in entrepreneurship is vital in not only creating employment and increasing prosperity but in meeting the economic, social and environmental challenges that the World will be facing as countries adapt to the new normal.

          This year’s annual report from GEM is an important marker in identifying where we are in terms of entrepreneurial activity but also where we should focus our efforts in the future.

          As well as an in-depth early morning newsletter, we will be sending out regular breaking news email alerts. To sign up to this service CLICK HERE

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          And, follow us on LinkedIn to catch the latest stories and to network with the Welsh business community.

          Through interviewing 150,000 individuals in 50 economies that make up two thirds of the world’s economic output, the study not only provides information on the numbers starting and managing a new business but also paints a picture of which motivations, intentions and attitudes can lead to greater entrepreneurial activity.

          More importantly, there are a number of important findings from this year’s report which are critical in enlightening policymakers on those trends that can positively influence entrepreneurship, and which can also inform them on the actions that need to be taken in the light of a post Covid recovery.

          As well as an in-depth early morning newsletter, we will be sending out regular breaking news email alerts. To sign up to this service CLICK HERE

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          And, follow us on LinkedIn to catch the latest stories and to network with the Welsh business community.

          First of all, the report reinforces the finding from previous GEM reports that attitudes within the population can affect levels of entrepreneurship.

          In particular, it again highlights a number of key influences that can stimulate to new business creation including observing other people in their own communities starting businesses, being able to spot business opportunities, and having confidence in their own ability to start a business. Reinforcing and strengthening these attitudes will be key in encouraging greater entrepreneurial activity in every nation.

          Unfortunately, a fear of failure in starting a business can constrain individuals from taking the step into working for themselves and, according to the report, this is largely due to the business environment into which new startups are born.

          Fortunately, policymakers can minimise this by creating a conducive entrepreneurial framework which includes raising awareness of previous failures by highly successful entrepreneurs and reducing the costs of exiting a business.

          As with previous studies, it is not surprising to find that in most economies around the world, men are more likely to start new businesses than women, younger people are more likely to do so than older people, and graduates are more likely to start a business than non-graduates.

          This again suggests that if levels of entrepreneurial (and therefore economic) activity are to increase, then policymakers must adopt a more inclusive approach to target under-represented groups – such as women or older people – so that the potential of all parts of society is maximised

          In terms of the influence of the Covid pandemic on entrepreneurship since 2020, GEM suggests that the pandemic has actually made it more difficult to start a business across the world although the proportion of entrepreneurs making this sentiment has decreased in 2021 in comparison to the previous year which probably is down to the reopening of economies during the last year.

          This increased positivity is also reflected in the fact that there are a greater proportion of respondents who feel that the pandemic has led to new business opportunities. Despite this, the report suggests that, with few exceptions, the level of entrepreneurial activity across the World between 2019 and 2021 has generally fallen with only a few exceptions.

          As many studies have shown, new businesses create the majority of new jobs in an economy. Given this, the finding that over half of those starting a business in 2021 expected to be only employing themselves is a worrying trend although this may reflect that some of these businesses have been created because the founders had no other alternatives during the economic downturn. Nevertheless, it suggests that there needs to be greater effort in ensuring that more startups are given the support to scale-up to boost employment opportunities.

          A more positive trend is that new entrepreneurs are more likely to use digital technologies which probably reflects the movement towards more online working from home during the pandemic. The GEM report also found that the majority of entrepreneurs have considered the environmental implications in the way they do business which is good news for the global drive towards net zero over the next three decades.

          Therefore, entrepreneurship remains a major contributor to economic activity across the world despite the various pressures on both individuals and businesses caused by the pandemic.

          More relevantly, if we are to fully realise the talents and drive of those entrepreneurs who are becoming more digitally and environmentally aware, then there must be a range of policy measures – such as reducing the fear of failure within societies across the world and developing instruments to encourage more inclusive entrepreneurship – to ensure that the entrepreneurial potential of everyone is maximised to drive forward the recovery of the global economy.

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