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36

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The intention to start a business

in the next three years in 2013 in

Slovakia had 16.4% of the population. In the year-on-year comparison this

means an increase, but it did not reach the level of 2011 (18.0%). However,

the international comparison shows that this value is above the average of V5

countries, Europe, as well as innovative countries. Unlike the short-term

perception of business opportunities (see entrepreneurial potential) from the

intention to start a business can be expected a potential increase in

entrepreneurial activity in Slovakia in the medium term. This expectation

will be significantly influenced by the developments in the external

environment, especially those of its components that directly affect

entrepreneurship.

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The

total early-stage entrepreneurial activity of Slovak population

(TEA)

is a core indicator of GEM research. TEA in Slovakia reached the

value of 9.5% in 2013 and for the period of 2011 - 2013 has a downward

trend. However, its level is still above the average of V5 countries, although

we are not a leader as in the previous period, but Slovakia is in the second

place just behind Hungary (9.7%). Slovak TEA is also above the average of

Europe, as well as countries whose development is based on innovation.

Clear explanation of the downward trend of TEA in Slovakia is difficult.

There is no doubt that the components of the external environment,

especially the social perception of entrepreneurship, but also the perception

of opportunities for starting a business, have an impact on the dynamics of

TEA. Also the already mentioned entrepreneurial environment, which can be

characterized by negative developments, has a negative impact on the TEA in

Slovakia. On the other hand, the inclusion of Slovakia in terms of the level of

economic development in the group of countries whose development is based

on innovation could be a prerequisite for the gradual reduction of the early-

stage entrepreneurial activity. In this case, however, the condition of the

creation of new jobs in the corporate sector, which would exceed the benefits

of independent entrepreneurship, would have to be fulfilled. The current

state of the labor market in our country does not indicate that this would be

an important factor influencing the level of early-stage entrepreneurial

activity in Slovakia. Explanation of the TEA dynamics must be therefore

sought in the level of entrepreneurial environment.

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The dynamics and position of the two components of TEA -

nascent and

new entrepreneurs

is similar to the total early-stage entrepreneurial

activity. Both groups of entrepreneurs declined in relative terms by 8%.

Nascent entrepreneurs

, despite these developments maintained

a leadership among V5 countries, but significantly worsened our position

within the countries whose development is based on innovation. On the

other hand, the position of the new entrepreneurs has deteriorated

significantly which is evident from the year-on-year decline in their share on

the population. This was reflected in the position within V5 countries where

Slovakia dropped from the first to third place in 2013 and also a significant