News
08/11/2018
What do we need to learn about Swedish entrepreneurship?
When we are keen to start a business, it is common to think of a good idea, willingness to work and invest in money. These points can be basic requirements for all entrepreneurs; However, they are not the only ones.
A fully operational entrepreneurial ecosystem is needed to start a business correctly. That is, a country that supports these types of businesses with specific policies and measures.
Due to the measures taken by the countries in this type of activity, Sweden can be said to be one of the best countries.
It has just 10 million inhabitants and is one of the most competitive economies in the world in 2017-2018, according to the ranking of the World Economic Forum, which has led to the creation of big companies such as Ikea, Spotify or Skype.
In fact, according to Face Entrepreneurship, most of the technology companies are created in Stockholm. For this reason, Silicon Valley can be positioned as the second.
Why is this happening? What measures do the companies help in Sweden? Other countries have some lessons to learn about this country, including:
1. How to compensate: The small internal market in the country gives value to exports, which is the country with the largest export in position 32.
2. Get to know their situation: since the town is small, entrepreneurs are immediately thinking about internationalization.
3. Formation: Young people in the country have a form of business and everyone knows English well.
4. Innovation: Being a powerful digital structure is a necessity in Sweden
5. Business culture: Humility is an important key in every person.
Some of the features listed here are Swedish, and may be difficult to copy, but others can be implemented in any country, such as open door technologies.
Information source: universia.com.ar
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