The full title of the report is "The State of Entrepreneurship in Costa Rica - A local perspective on entrepreneurship, challenges and growth in Costa Rica"
According to the GEM the definition of an early stage entrepreneur is someone “in the national adult population, aged between 18-64, who owns a business which is not more than 3.5 years old”, and an “established entrepreneur is anyone who owns a business that is over 3.5 years old.”
The report goes on to say “Currently, the GEM estimates that in our country, 13.5% of the adult population between 18 and 64 is considered an early stage entrepreneur, this estimate includes 10.3% of new entrepreneurs who have not paid wages for more than 3 months and 3.5% of entrepreneurs who have paid wages for more than 3 months and less than 3.5 years, in addition to this there is a 4.8% rate of established entrepreneurs who have paid salaries for over 3.5 years.
This percentage of the population were asked about the reasons that led them to undertake such projects. According to data from the GEM this year, 38.10% of early-stage women entrepreneurs were not motivated by better business opportunities, but rather because there was no other choice of employment, and also stated that their main motivation was to be independent or increase income, 19.2% wanted to increase their income, a 18.9% wanted economic independence, while 31.7% said they had taken the role out of necessity, having no other way to make a living.
In Costa Rica, according to the methodology of the GEM, it is estimated that 63% of the adult population believe that people who manage to open a new business benefit from higher social prestige, 64% said that being an entrepreneur was a desirable career option, but only 60% believe that the media portrays successful examples of entrepreneurs. In the same vein, 46% of the adult population in Costa Rica believe there is a good chance that they will start a new business in the next 6 months.“
Source: ParqueTec.org
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