A survey conducted among young Slovak businessmen revealed that one out of four businessmen starts the business without any training or preparation. Women have also more responsible approach than men. During the preparation women do market research and consult with their friends. Men turn more trust to their own judgment and rely on their own knowledge of the market. These are the results of survey made by the Young Entrepreneurs Association in Slovakia.
While nearly 40 percent of men in Slovakia said they have not developed any business plan at the beginning, in case of women it was only less than 30 percent. According to the survey very important impetus for setting up of own business is the family or family business background. One third of entrepreneurs set up the business because their occupation was their hobby and more than a quarter has started to provide services which were previously performed as employees. A popular way of obtaining a business idea is the inspiration from abroad.
The survey also revealed differences between the impulses for the business of the sexes. Women are much less trying to commercialize their hobby than men. Women also start their business, to a lesser extent, using previous work experience as men. Without any training in the business quarter gave the young entrepreneurs in Slovakia. About one fifth of the market research and customer needs, only 2 percent consulted a specialist. The survey also revealed that only 61 percent of respondents in the preparatory phase of the business think that excellent superior mentoring is more important for businesses than availability of financial resources.
1,232 respondents took part in the survey, of which 908 were potential entrepreneurs and 324 have already began with the research.The survey was conducted in the competition of business idea, which is designed for people aged from 18 to 35 years. The winner will receive an advertising campaign worth 100 thousand Euros for a business idea that makes it to market in 2012 indicated a new product or service.