How To Start A Business In Argentina – Small businesses are the driving force behind economic growth in both developing and developed countries around the world. According to the World Trade Organization, SMEs account for 45% of GDP in developing and developed countries and 66% of total jobs. The ability to start and grow new businesses is critical to the health of any economy, and the types of businesses that entrepreneurs start within a given country can significantly shape the path of its economic growth.
Using data on internet search frequency, it found that the industries that most attract entrepreneurs vary from country to country and depend on a variety of factors such as infrastructure, business climate and culture. Explore the maps below to see the top companies that entrepreneurs in every country want to start.
How To Start A Business In Argentina
Keyword data for searches related to starting a business in Europe reflects many of the trends shaping the continent’s economy in the 21st century. House prices in the EU have outpaced GDP growth in recent years, prompting many savvy Europeans to consider taking advantage of the hot housing market. In 16% of countries in Europe with available data, the main activity is starting real estate – the largest share of any continent.
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Likewise, many Eastern Europeans want to take advantage of the region’s fast-growing tourism sector. According to the EU, spending on tourism in Central and Eastern Europe increased by 6% in 2016 and continues to grow. In Belarus, Macedonia, Armenia, Georgia and Albania, the most sought-after businesses are to start hostels, hotels, tour operators, tourism and travel agencies – all in the leisure and tourism sector. See the map below to see other popular business types across Europe.
The United States is the largest retail market in the world, and many entrepreneurs in North American countries are considering starting businesses that sell consumer goods. In 47% of countries in North America, the most popular question about starting a business is about retail and e-commerce – the largest share of any continent.
Other keyword searches across the continent highlight unique pockets of thriving local industry. In Haiti, for example, the keyword “recycling” is searched for in connection with “starting a business” more than any other type of business. In Haiti, recycling entrepreneurs earn an average of $3,000 a year by collecting plastic and trading it in Plastic Bank, an international company that offers money and other benefits in exchange for waste. See the map below to see other popular business types across the continent.
CEOWORLD magazine’s 2019 Street Food City Index identified several South American cities as among the world’s best for street food. The continent’s thriving cuisine is supported by the many entrepreneurs who are bringing new food startups to the region. In half of the countries in South America, internet users search for ways to start food businesses more than any other type of business – the largest share of any continent. In Venezuela, home of catalinas cookies, golfeados bread and quesillo flan, the keyword “bakery” combined with “start a business” is searched for more than any other business type.
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While the main business in most South American countries is either clothing or food related, in Suriname “security” is the most sought after start-up. Private security companies abound in Suriname and are currently subject to regulation by the national government regarding their working relationship with the country’s police force. See the map below to see the most searched business types throughout South America.
The Middle East and Central Asia has the most startup diversity of any region. The diversity of business ambitions reflects the diversity of industries in the region and highlights differences in the area’s local economies.
In the United Arab Emirates, for example, “import/export” is searched for more in connection with “starting a business” than any other business type. The UAE is one of the most trade-dependent economies in the world, with the total value of trade reaching 168% of GDP in 2020 – the 10th largest share of any country in the world and the largest in the Middle East and Central Asia. See the map below to see the top businesses that entrepreneurs in the Middle East and Central Asia want to start.
Entrepreneurs in Southeast Asia and Oceania have some of the most diverse business aspirations of any region. New Zealand, for example, is known for its green spaces, and more entrepreneurs seek information about starting a lawn mowing service there than any other business. In Sri Lanka, where peelers harvest the rare Ceylon cinnamon from Sri Lankan evergreen trees, “spice” is the most sought-after type of business.
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Other unique business types that reflect strong local industry include pig farming in the Solomon Islands, social media marketing in South Korea, and spirits in Nepal. See the map below to see all the top business types in Southeast Asia and Oceania.
Personal services is the most sought-after startup type in 22.7% of African countries, the largest share of any continent. These include decorating in Mauritius, filling up cooking gas in South Africa and photography in Namibia.
One factor affecting the ambitions of African entrepreneurs may be the region’s growing waste problem. According to a recent survey, 58% of young Africans are dissatisfied with current recycling efforts on the continent. In Zimbabwe, 80% of respondents are dissatisfied, the highest percentage of any African country. In Zimbabwe, as well as Burkina Faso, the Republic of Congo, Madagascar and Mali, searches related to starting a recycling business outnumber searches for any other type of business. See the map below to see which businesses entrepreneurs want to start the most across Africa.
The top 10 business types entrepreneurs want to start around the world reflect the tastes and needs of the global consumer market. The top startup-related search in nearly a third of all countries is either clothing, real estate or cleaning—essentials in any economy.
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A distinguishing factor is the frequency of questions related to starting a recycling business in developing economies. Waste recycling is a fast-growing industry due to increasing awareness of the harmful effects of pollution and an increase in electronic waste. Recycling is the top startup-related keyword in seven countries – making it the fourth most popular business type for entrepreneurs around the world. Explore the table below to see the rest of the top 10 companies that entrepreneurs want to start the most worldwide.
Using the Ahrefs platform, we enter the term “starting a business” or its equivalent in a target language (i.e. the most spoken language in the respective country) in the “Keyword explorer” section of the website, subsection “Matching terms”. Then, translated into English using Google Translate if necessary, we identified the relevant keyword with the highest search volume.
For Australia, Canada, UK and US, we collected the top 10 relevant keywords, without duplicates. Repeats are distinct keywords with identical meanings within the scope of this project, e.g. “how to start a cleaning business” vs “how to start a cleaning business in Australia” for results in Australia.
To enable further analysis of keywords with different words and their translations after data collection, we added the “Business Type” column to categorize the keywords by type.
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We calculated the “Top 10 Worldwide” by ranking unique keyword types from the countries dataset by number of occurrences in descending order. The disruption the pandemic has caused to our lives and economies has had the potential to give us all a reason to consider going it alone and starting a new business. According to reports, the third quarter of 2020 saw 1.5 million new business applications in the US, up 77% from the previous quarter and more than doubling every quarter from 2004 to 2017.
Starting your own business naturally entails risks, but also costs. BusinessFinancing has researched how much it would cost in each country to start a new business and how affordable it would be, based on the local average income and figures from the World Bank’s Doing Business project.
Starting a business in Europe Start-up costs vary widely across Europe, but the most expensive place to be an entrepreneur is Italy, where you have to pay $4,895, making it also the least affordable country to start a business, as it is twice as much like the average monthly income of $2,403. There are other countries where costs are over $1,000, but generally these have higher average monthly incomes. One of the cheapest is the UK, where it only costs $17, which is still more than Slovenia, where you don’t have to pay anything if you have a starting capital of more than $7k.
Starting a Business in North America American entrepreneurs must pay $725 to start a new business, but with an average monthly salary of $4458, it is one of the more affordable prices on the continent. It is certainly much easier for them than their counterparts in the Bahamas, where start-up costs can be $1810, which is more than ten times the monthly income, so anyone who wants to start their own business must have deep pockets. The same can be said
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