Setting Up a Business in the Netherlands

Why does one person actually succeed in starting a business, while a second gives up, and a third is still trying? To answer this question, a longitudinal study was set up in which 330 nascent entrepreneurs (people setting up a business) were followed over a one-year period. After one year, 47% actually started a business, 27% was still organizing, and 26% gave up the effort. In comparison to the two other groups, starters are different in terms of gender, industry experience, start-up capital, use of third party loans, sector and current activity.survival;performance;nascent entrepreneurs;start-ups

L4Fe2As2Te1-xO4-yFy (L = Pr, Sm, Gd): a layered oxypnictide superconductor with Tc up to 45 K

The synthesis, structural and physical properties of iron lanthanide oxypnictide superconductors, L4Fe2As2Te1-xO4 (L = Pr, Sm, Gd), with transition temperature at ~ 25 K are reported. Single crystals have been grown at high pressure using cubic anvil technique. The crystal structure consists of layers of L2O2 tetrahedra separated by alternating layers of chains of Te and of Fe2As2 tetrahedra: -L2O2-Te-L2O2-Fe2As2-L2O2-Te-L2O2- (space group: I4/mmm, a ~ 4.0, c ~ 29.6 {\AA}). Substitution of oxygen by fluorine increases the critical temperature, e.g. in Gd4Fe2As2Te1-xOyF4-y up to 45 K. Magnetic torque measurements reveal an anisotropy of the penetration depths of ~31.Comment: 8 figures, 4 table

Setting Up a Business in the Netherlands

Why does one person actually succeed in starting a business, while a second gives up, and a third is still trying? To answer this question, a longitudinal study was set up in which 330 nascent entrepreneurs (people setting up a business) were followed over a one-year period. After one year, 47% actually started a business, 27% was still organizing, and 26% gave up the effort. In comparison to the two other groups, starters are different in terms of gender, industry experience, start-up capital, use of third party loans, sector and current activity

Modelling Entrepreneurship

Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approach focusing on the net development of the number of entrepreneurs in an equilibrium framework and (ii) the approach focusing on the entries and exits of entrepreneurs. In this paper we unify these ap- proaches to arrive at a model explaining the equilibrium and actual number of entrepreneurs and the entry and exit rate of entrepreneurs simultaneously and consistently. We apply our unified approach to the Netherlands using self-employment data for the 1960-99 period. We find error-correction of about 20% per year and a very different situation in terms of disequilibrium before and after the early 1980's. Periods of high unemployment appear to be characterized by both high entry and high exit rates

Success and risk factors in the pre-startup phase

Why does one person actually succeed in starting a business, while a second person gives up? In order to answer this question, a sample of 517 nascent entrepreneurs (people in the process of setting up a business) was followed over a three year period. After this period, it was established that 195 efforts were successful and that 115 startup efforts were abandoned. Our research focuses on estimating the relative importance of a variety of approaches and variables in explaining pre-startup success. These influences are organized in terms of Gartner's (1985) framework of new venture creation. This framework suggests that start-up efforts differ in terms of the characteristics of the individual(s) who start the venture, the organization which they create, the environment surrounding the new venture, and the process by which the new venture is started. Logistic regression analyses are run for the sample as a whole as well as for subgroups within the sample, namely for those with high ambition vs. low ambition and for those with substantial vs. limited experience. The results point to the importance of perceived risk of the market as a predictor of getting started vs. abandoning the startup effort

SMEs in Europe 2003

Entrepreneurship and SMEs have emerged as the engine of economic and social development throughout the world. The role of entrepreneurship has changed dramatically and fundamentally, so that it is now seen as a requisite ingredient generating employment, economic growth and international competitiveness in the global economy. The purpose of this report is first to explain why the role of SMEs is crucial for international competitiveness and a strong economic performance in Europe, and then to document the role that SMEs play in Europe. Entrepreneurship and SMEs are related but certainly not identical concepts. Entrepreneurs, for example, are the main drivers of the firm creation process where young and small firms play a role. On the other hand, the entrepreneurial energy of a country, region or industry is often described using phenomena such as firm creation and turbulence (Carree and Thurik, 2003). The impact that SMEs have on economic performance in Europe is explained in Chapter 2. A careful measurement of the structure and role of SMEs is required to understand the different roles that SMEs play and how these roles are evolving throughout Europe. In particular, a measurement of SME activity in Europe provides (in Section 3.1) what the (static) role of SMEs is in Europe, how the role of SMEs varies across specific countries and how it is benchmarked against the other major areas in the world. How the economic role of SMEs has been changing over time is presented in Section 3.2. The way in which the measurement of the structure and role of SMEs is set up hinges on two views: first it attempts to illustrate the theory-based results surveyed in Chapter 2. Second, it is in line with the measurements given in earlier versions of the SME Observatory reports 'SMEs in Europe'. A report about SMEs in Europe would however not be complete if no attention is paid to the current economic setting. The European economy is recovering from an economic downturn. Very little information is available about the roles of SMEs in the business cycle and in particular how do SMEs respond to economic adversity. This issue is dealt with in Chapter 4. Finally a Synthesis is presented in Chapter 5