Half of Malaga’s would-be entrepreneurs are unemployed

A training session at Instituto Municipal de Formación y Empleo de Málaga (IMFE) Pic: IMFE Twitter

ALMOST 50 per of people in Malaga wanting to start their own business are unemployed.

The Muncipal Institute for Training and Employment (IMFE) said that half of those who attend their office and that of the Association of Young Entrepreneurs (AJE) wanting to venture into business are unemployed to start with.

IMFE said this was a distinct disadvantage because being an entrepreneur is not easy and the failure rate is high. 

Going into business is one of the most preferred options when finding a job is impossible, both now and during the financial crisis.

46.8 per cent of men and 41.5 per cent of women want to be entrepreneurs so they can create their own jobs.

Those wanting to start their own business are aged 36 on average and are graduates, while more women than men are interested in creating their own business.

Men reported that their main difficulty is obtaining finance, and the second obstacle is not knowing where to start. 

The figures were in the latest Entrepreneur Thermometer presented by the mayor of employment promotion Luis Verde and the president of AJE Malaga Richard Nandwani. 

Author badge placeholder
Written by

Shirin Aguiar