Entrepreneurship is the ability to develop , manage and organize a business under any risks to make a profit , starting a new business is the obvious example to entrepreneurship ,entrepreneurship in egypt expose to pressure or a risk due to the change in social or economic fields , the employers who want to improve competitiveness and efficiency should be aware about the culture of the society , so the egyptian society is differ from the american society and also the society from the point of money which society is richer( Mamdouh Farid, 2007) ", Journal of Management Development, Vol. 26 Iss: 5, pp.428 – 440” , large companies have failed due to the global ciris which lead to dispense ...view middle of the document...
4 million nascent entrepreneurs were trying to start 727,000 new enterprises , the lowest business discontinuation rates in Egypt compared to the other economic factors in 2012 with a rate of 5.28 % , moreover 40 % of egyptian discontinued businesses because the business did no profit , in 2012 the rate of entrepreneurship has been improved compared to 2012 , in 2008 this rate still lower .
GEM Category 2008/ 2010/ 2012
TEA rate 13.1% 7.0% 7.8%
Nascent Entrepreneurs 7.9% 2.1% 3.1%
New Firm Entrepreneurs 5.5% 4.9% 4.9%
Established Business Owners 8.8% 4.5% 4.1%
Business Discontinuance Rate 6.3% 3.8% 5.3%
Necessity-driven (% of TEA) 23% 53.0% 33.6%
(% of TEA) 40% 25.2% 22.9%
There are a lot of difficults which face the entrepreneurship in egypt , the government may not finance the projects or may not agree to give the entrepreneurs loans to found their projects , the situation in Egypt after the 25th revolution becomes very difficult for the entrepreneurs to put money in egypt ( Dr. Hala Hattab ,2013), in 31 countries participating in the...