So you think you are an aspiring entrepreneur

While reading Silatech 2nd wave report “Voices of Young Arabs“, a report released late February this year which offers insights on Arab youth perspectives, hopes, fears, and ideas, the report’s key-findings inspired me to extract a list of criteria that if they are found in own-self/-environment he or she will have high potential to be an aspiring entrepreneur. It is the time for you to find out more about yourself and your real entrepreneurship status.

This report is divided into three core constructs that the questionnaire is built on: mindset, access, and policy. Mindset measures factors that help or hinder youth inclusion and labor productivity in society. Access is meant to measure factors related to youth access to job placements, capital, business development services, and training. Policy is meant to measure factors related to increase employment and economic opportunities. Therefore, it covers all angles.

Trusting A Partner

It might be weird but this is a key finding of the research that identifies whether you are more/less likely to open your our business in the next 12 months. If you find yourself that you can’t trust a partner (not relative partner) for starting-up a business together, then you are in the inappropriate environment to become an aspiring entrepreneur.

Working, but not for your own

It might sound controversial, but aspiring entrepreneurs are people who are more likely to already have a job and looking to open a business in the next 12 months than an unemployeed Young Arabs.

Less paper, more favorable

If you find yourself that you consider more thoroughly in starting-up your business if you were able to navigate your set-up company papers easily then you are more likely to be among the aspiring entrepreneurs.

Being plugged-in

If you have access to information technology such as internet connection, computer, and mobile devices this will strongly correlate to opening your own business in the next 12 months then you are more likely to become an aspiring entrepreneur.

Helping a complete stranger

One of the strong variables associated to the index scores in Silatech’s report is that you are more likely to become aspiring entrepreneur if you have helped a stranger in the past month.

This list of criteria we constructed above might sound controversial but in fact it beats stereotypes and generic assumptions, since it is based on fresh research with concrete 18,000 nationals in 20 Arab Countries interviewed. This should allow aspiring entrepreneurs-to-be focus on getting the correct mindset required and find the suitable social/economic environment, but this list is not fixed and/or limited to; so do you think you are an aspiring entrepreneur?

At last, I have picked this photo by chrisheuer for Queen Rania at Le Web event in Paris for this post since she was announced very recently by World Economic Forum among 2010 Class Young Global Leaders. Congrats from interactiveME team.

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Tarek is the founder and chief researcher at Youngberry, a youth research and marketing firm dedicated to the region. Tarek founded and previously worked as Manager at Flip Media (Interactive Agency), (Job Site) and Consulting House Qatar (Consulting firm). He is researcher and writer on internet & disruptive innovation, entrepreneurship, and youth culture.