The 9 countries with the most entrepreneurship
Running your own business has its perks — more control, no boss, and choice of working hours.
In the UK and the US, entrepreneurs are associated with startups. But in some countries, becoming self-employed is a necessity rather than a dream. You have to make your own opportunities when there are not many jobs available.
According to research by the UK-based business-networking group Approved Index, the US ranks 41st in the world for having the most entrepreneurs, who make up 4.3% of the adult population. Meanwhile, Britain ranks 37th with 4.6%.
The number is calculated by the percentage of the adult population that owns or co-owns a new business and has paid salaries or wages for three or more months.
The countries with the most entrepreneurs are going through a commercial revolution.
"In countries where the economy is poorer, or where unemployment rates are high, citizens turn to starting their own small businesses where they see opportunity," Trilby Rajna of Approved Index said. "I am South African and will never forget the makeshift cardboard photo booth pitched outside the traffic department in Cape Town.
"All that was needed was a camera, a portable printer, and a plain wall. People like myself who had forgotten to bring ID photos along for their license were queuing up outside. It was an excellent idea."
Check out what countries made the list below»
9. Chile — This country is considered one of South America's most stable and prosperous nations, and about 11% of its population choose entrepreneurship. Here a big seminar on Chile-based startups is underway.
8. Botswana — 11.1% of the population are entrepreneurs, setting up swaths of stalls to bring in personal business.
7. Jamaica — 11.9% are self-employed, and many are street vendors. The government has pushed for greater adoption of entrepreneurial ideas when it comes to technology.
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