For More Than Half of Female Entrepreneurs in Serbia Freedom is Biggest Motive for Starting Their Own Business

Women Entrepreneurs (Pixabay)

More than half of female entrepreneurs in Serbia have mentioned freedom as one of the biggest motives for starting their own business, according to a survey on female entrepreneurship conducted by Visa and unveiled on Sept. 30. 

Other motives include the possibility of making a bigger earning and the perception of sufficient personal competence to work independently. 

The biggest concern of female entrepreneurs when deciding to start their own business is the fear of debt and a big workload, whereas worrying about neglecting one’s family is a rarer reason. 

The respondents listed fear of failure and financial losses, lack of knowledge of finances and book-keeping, and of laws and other regulations, as well as underdeveloped strategies as the main obstacles to deciding to launch their own business. 

The biggest challenge in the process of the realization and formal founding of a company, according to the respondents, was initial capital. 

As regards the amount of money for starting a business, 36% of the entrepreneurs said they had needed between EUR2,001 and 5,000, followed by amounts of up to 2,000 (28%), while 12% of the respondents mentioned a sum of between 5,001 and 10,000. 

Comparing entrepreneurship with their previous job, the respondents stated their own satisfaction, more room for creativity and a bigger profit as the benefits of running their own business.