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In countries where more of the population perceives that they have the abilities and skills to start businesses, a smaller fraction of people is deterred from founding companies by fear of failure at entrepreneurship, data from the 2014 Global Entrepreneurship Monitor (GEM) report reveals.
The GEM researchers surveyed a representative sample of 206,000 people in 69 countries about their entrepreneurial beliefs, intentions and attitudes, and created national averages of the responses based on the answers to their questions. Two of those national measures were the percentage of the adult-age population that believes “they have the required skills and knowledge to start a business” and the fraction of the adult-age population that reports “that fear of failure would prevent them from setting up a business.”