Finances for Poles: Business Loans

Every fifth Pole would like to run his own company

Every fifth Pole would like to run his own business , however, as many as two-thirds of us prefer to work full-time – according to the Polish Finance survey conducted for Provident Polska. If we are already thinking about our own business , it is rather on a small scale – for the start we would invest slightly over 43 thousand. zł.

Currently, there are around 1.9 million companies operating in Poland . Every year, several hundred thousand new ones are created, but a lot of activities are also closed. The balance, however, is usually a plus, which means that more and more Poles are working on their own. From the research conducted for Provident Polska on the occasion of the 20th anniversary of the activity showing the Poles’ approach to their finances, it seems that in the near future, those willing to run their own companies should also be absent. Every fifth Pole believes that working on their own is a more attractive way to earn money than a full-time job, and in the group of youngest respondents, under 25, this percentage is twice as high.

– The entrepreneurship of Poles, of course, is very happy, but it is worth paying attention to the challenges associated with running your own business . Difficult beginnings, working out a position on the market or a lot of competition – these are the issues most entrepreneurs have to deal with. Therefore, the basis for success is definitely a good plan and support from close relatives – says Agnieszka Kłos, board member of Provident Polska.

We want independence in business, but we are afraid of formalities

We want independence in business, but we are afraid of formalities

The tendency to enter into business decreases with age. The older we are, the more we value the income predictability and the social security that is provided on a part-time basis. Women are also less entrepreneurial. Although Polish women are at the forefront of European leaders when it comes to the feminisation ratio of companies (EU average of 31%, Poland 33%), still only 16%. of them would like to have a company, while among men this percentage is 28 percent.

The biggest advantage of running a company is the lack of a boss and independence – 56 percent responded so. respondents. Higher earnings were ranked second (43% of indications). Statistics show that entrepreneurs can actually count on higher incomes than employees. GUS data shows that the average income in households of self-employed persons in 2016 amounted to nearly PLN 1,800 per person, while in the case of employees it was below PLN 1,500 per person.

We are most discouraged by formalities and burdens, such as ZUS and taxes, which is indicated by over half of the respondents. Income uncertainty would be feared by 40 percent. Every third respondent admits that before setting up a company he is stopped by the lack of money to start .

– Do not forget that providing financing for your project is important not only at the start, but also in a later period, when harder moments will come or there will be a chance for development. Obtaining it is now becoming easier as more and more financial institutions, including Provident, have an offer for entrepreneurs – says Agnieszka Kłos.

According to a survey conducted for Provident, we would need an average of PLN 43,400 to start a dream company. Every fourth respondent would, however, fit in an amount below PLN 10,000, only 18 percent. it would need more than PLN 50,000. For the amount of this order it would be difficult to build a large-scale business , but they show that we approach the ideas for our own business with caution.

The fact that the majority of Poles prefer a full-time job does not necessarily indicate our comfort or lack of courage. It is a compilation of a real assessment of opportunities, fears and predispositions as well as a response to the demand of the labor market, where the lack of well-qualified specialists is becoming increasingly noticeable. This opens the way for broad negotiation in employment, for better remuneration, flexible working hours – perhaps they reduce discomfort which, according to the study, would tempt you to self-employment – sums up Anna Karasińska, an expert on market research at Provident Polska.



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