TAIPEI–More than 79 percent of local employees want to set up their own businesses, but just 13.28 percent have taken action to do so, according to a survey by 1111 Job Bank.
The survey was conducted to understand local entrepreneurship trends. Statistics compiled by the National Youth Commission (NYC) indicate that the number of young people between the ages of 20 and 45 applying for young entrepreneur loans in 2010 increased to 2,514.
The survey found that most of the employess polled favor using composite business models to establish restaurants, followed by personalized products. Cafes were also a popular choice.
The average amount of money invested by people with established businesses amounted to NT$1.47 million (US$48,392), while the average for those preparing to start businesses was NT$992,500, indicating that in general, employees-turned-entrepreneurs tend to set up small businesses.