There seems to be widespread acceptance that we need more entrepreneurs to create jobs and help restore living standards. Yet our understanding of how we encourage citizens to start their own businesses is rudimentary.
What might make a difference? Some suggest it is the availability of capital. Others believe tax policy is the key. Many commentators think deregulation is the answer. A few point to technology transfer from universities. Still others argue that immigration is a crucial contributor.
My view is that all these factors have an influence. But from discussions over many years with hundreds of actual and aspiring entrepreneurs I think culture is possibly the most powerful issue.
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