Bayt.com conducted, in collaboration with YouGov for research and consultation, an opinion poll on business entrepreneurship in the Middle East region. The results revealed that half of the Lebanese population prefers to work for the private sector, in addition to their own businesses, that 77% of the Lebanese indicated that they prefer to work in the private sector against 33% who prefer the public sector. Furthermore, the opinion poll showed that 44% look forward to engage in personal business initiatives. To be noted that the questionnaires were disseminated and completed online between 2 and 15 September with 8776 responses received from the UAE, KSA, Kuwait, Qatar, Oman, Bahrain, Lebanon, Syria, Jordan, Algeria, Egypt, Morocco and Tunisia.
The poll also revealed that 64% of Lebanese business people chose to go into business entrepreneurship for self fulfillment and 55% in order to secure greater income. According to the poll, 49% of those surveyed and who are now working in the private or public sector, are also looking forward to set up their own businesses, whilst 17% of those who set up their own businesses have actually failed. Within the same vain, 73% of business entrepreneurs in Lebanon considered the unstable political situation in the country as the main challenge for starting a new business, whilst 60% considered that the main hurdle is the country’s economic instability.
Source: Le’Orient Le Jour 12 November 2013