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Survey: Only 8% of entrepreneurs believe that anyone can become an entrepreneur

Only 8% of managers of small and medium-sized enterprises in Latvia believe that anyone can become an entrepreneur, “Tele2” and SKDS A survey of Latvian small and medium-sized enterprise (SME) managers.

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Entrepreneurs recognize that in order to become a successful entrepreneur, personal qualities are more important than professional knowledge gained through learning and experience.

The survey also found that 37% of SME managers do not know the company’s turnover. According to Raivo Rosts, Commercial Director of Tele2, this shows that these managers are more likely to take an active part in various practical tasks, such as participating in the production of a product or providing a service themselves, with less emphasis on accounting figures.

“Managers of small and medium-sized enterprises acknowledge that a successful company manager has to devote almost as much time to running the company and take an active part in various practical work. It is understandable that the number of employees who “It is more important to dedicate time to management processes,” says Raivo Rosts, Commercial Director of Tele2.

According to the survey, 27% of SME managers also believe that failures and losses are most often caused by a lack of management, while 48% believe that this is a lack of cooperation.

“The survey shows that the leader of a small and medium-sized business is one who burns for their idea, vision, is open to change and pays special attention to their small team. They have entrepreneurship, courage, psychological resilience, self-confidence and the ability to take reasonable risks. However, managers of small and medium-sized enterprises are so “in” the day-to-day running of their business that there is a lack of time to stop and assess how the initial idea is moving forward and what the possible options are. also to develop the idea, create bigger ambitions, “admits” FranklinCovey Latvia “coach and coach Mārtiņš Martinsons.

“Small and medium-sized Latvian entrepreneurs are the backbone of our economy and, as you can see, they are in business with all their heart. It is also clear that those small entrepreneurs who have ambitions to develop their business face great personal challenges, starting with the ability to delegate. responsibilities and build a credible team, ending with financial literacy and strategic decision – making, “says Rosts.

The survey of Latvian SMEs was conducted in February and March of this year, surveying 500 managers. 87% of the surveyed SME managers are also company founders or managers from the very beginning.

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