Managerial unemployment survey - Part III: Spanish managers experience with self-employment

Description

This note studies the characteristics of managers that have decided to become self-employed and their experience with self-employment. The sample is drawn from alumni of IESE's different programs. The 91 respondents represent all different age groups and sexes. My conclusions are: Entrepreneurs tended to be youngers than their peers. Self-employed managers enter a large variety of industries, however the largest number starts a consulting business. Personal networks and relationships are important instarting a new business. In most of the cases reasons to become self employed were vocational or personal. Key success factors for self employement are hard work, a clear idea of the business and knowledge of the industry. In general respondents perceived selfemployment as very satisfied.

Keywords

employment Entrepreneurs