Peter Bøegh Nielsen, DG ENTR Enterprise Directorate General European Commission Factors of business success - Can it be measured in statistical terms? Peter Bøegh Nielsen, DG ENTR

User needs Existing statistical experiences Towards a model survey Factors of business success - Can it be measured in statistical terms? Content: User needs Existing statistical experiences Towards a model survey

EU entrepreneurship policy: Factors of business success - Can it be measured in statistical terms? EU entrepreneurship policy: Bringing down barriers to business development and growth Balancing the risks and rewards of entrepreneurship A society that values’ entrepreneurship

Factors of business success - Can it be measured in statistical terms? Figure 1. Survival rates for new enterprises in Denmark 1990 – 2000, 1994 – 2000 and 1998 - 2000:

Figure 2. Factors influencing the survival of new enterprises: Factors of business success - Can it be measured in statistical terms? Figure 2. Factors influencing the survival of new enterprises: Factor Art Effect Activity Construction  Hotels & restaurants  Professional services  Age 30-39 years  40 (+) years  Education Vocational education  Higher education  Branch experience With branch experience  Personal savings Assets over 200.000 DKK. 

Factors of business success - Can it be measured in statistical terms? Figure 3. Survival rate for entrepreneurs broken down by branch experience:

Factors of business success - Can it be measured in statistical terms? Figure 4. Survival of newly born enterprises broken down by type of entrepreneur:

Factors of business success - Can it be measured in statistical terms? Figure 5. Motivations for starting up one’s own enterprise, broken down by gender:

Factors of business success - Can it be measured in statistical terms? Figure 6. Barriers for establishing own enterprise, broken down by gender:

Factors of business success - Can it be measured in statistical terms? Eurostat has organised one task force in July 2003 and based on the discussions from this meeting, the idea is to develop a model survey consisting of the following modules: 0. Identification information related to the enterprise 1. Characteristics of the entrepreneur at the time of creation 2. Information related to the enterprise creation phase 3. Information related to the current status of the enterprise 4. Enterprise performance during the first years 5. Information related to future plans of the enterprise