A lot of people dream of being an entrepreneur as a way to grow in life, or even to fulfill some kind of dream they’ve always had.
But what prevents Brazilians and Irish from undertaking? What are the barriers faced in both countries that make it difficult for new entrepreneurs to enter?
In my view, each country has its particularities, as well as its own barriers and difficulties. As I have been an entrepreneur for some time in both Brazil and Ireland, I can say that there are different difficulties in both countries.
Therefore, I decided to make this post to show you a little about what these barriers are, and how you can overcome them. Just check it out!
Barriers to undertake in Brazil
In Brazil, I see that the main obstacle to entrepreneurship is the bureaucracy that delays or even hinders the opening of companies and obtaining the necessary licenses to operate.
In addition, the country has a high tax burden, including it is considered one of the highest tax burdens in the world. And the tax problem is not just that.
Most of the country’s taxes fall on consumption. Therefore, the circulation of goods and services is highly taxed in the country, which creates a less favorable climate for those willing to undertake.
If that wasn’t enough, financing made by banks is usually aimed at companies that are already established. And there are practically no lines of credit for those who want to start.
Because of this, most new entrepreneurs in the country end up resorting to personal loans, which, due to the high interest rates, can make the business unfeasible.
Other than that, the country’s infrastructure is very poor, increasing costs with logistics and transport, and even internet access depending on the location.
Barriers to Entrepreneurship in Ireland
Ireland is a little different from Brazil. Here the business environment is more developed, but there are still many barriers to be overcome.
Although the country has a strong technology-based economy, there is a shortage of specialized skills in many sectors. And this makes it difficult to create some companies in specific areas.
In addition, the cost of living, mainly due to the real estate market, is expensive in the country, and this raises the price of products, which can be an obstacle for those who intend to work with exports.
On the other hand, Ireland has very little consumption tax and this makes the business environment a little more attractive for those who want to start.
Thinking about all these details, I embraced the cause of BICC with the intention of thinking along with other entrepreneurs on initiatives to create a more favorable business environment.
The idea is to find the main pains and difficulties and think of plausible solutions to solve them, transforming both countries into safe and open environments for those who want to undertake. Our fight is just beginning.
