More than 70 percent of those involved in the early stage of a start-up in India and Saudi Arabia stated that they did this to continue a family tradition. On the other hand, only five percent of those involved in setting up a business in South Korea stated this as a motivation.
Share of people who started a business to continue a family tradition worldwide in 2023, by country
Characteristic
Share of respondents involved in the early stage of a start-up
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GEM. (February 13, 2024). Share of people who started a business to continue a family tradition worldwide in 2023, by country [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
GEM. "Share of people who started a business to continue a family tradition worldwide in 2023, by country." Chart. February 13, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
GEM. (2024). Share of people who started a business to continue a family tradition worldwide in 2023, by country. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
GEM. "Share of People Who Started a Business to Continue a Family Tradition Worldwide in 2023, by Country." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
GEM, Share of people who started a business to continue a family tradition worldwide in 2023, by country Statista, https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/ (last visited December 21, 2024)
Share of people who started a business to continue a family tradition worldwide in 2023, by country [Graph], GEM, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1367573/countries-worldwide-reasons-start-business-continuing-family-tradition-country/
