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Thirty-six percent of Taiwan jobless interested in entrepreneurship: poll

An unemployed woman rummages in a garbage bin in Taipei yesterday. Council of Labor Affairs Minister Wang Ju-hsuan said on Tuesday that the CLA has or...
National Taiwan University of Science and Technology students look for jobs during a job fair held yesterday at the school. Premier Liu Chao-shiuan sa...

Making ends meet

An unemployed woman rummages in a garbage bin in Taipei yesterday. Council of Labor Affairs Minister Wang Ju-hsuan said on Tuesday that the CLA has or...

Job fair

National Taiwan University of Science and Technology students look for jobs during a job fair held yesterday at the school. Premier Liu Chao-shiuan sa...

Thirty-six percent of Taiwan's unemployed want to start up their own businesses as a way out of their financial problems, according to the results of a recent survey released yesterday by a government-run online employment service network.
With an unprecedentedly high unemployment rate of 5.81 percent, over 630,000 people in Taiwan became jobless in March.
According to the ejob.gov.tw web site run by the Cabinet-level Council of Labor Affairs (CLA) , of those unemployed who are interested in entrepreneurship, 17.47 percent said they want to start a business of their own because they want to be their own boss.
In addition to being unemployed or facing a bad employment situation, other reasons that were cited by the potential entrepreneurs include attempting to realize his or her dreams (16.3 percent), the belief that running his or her own business would make more money (10.13 percent), a desire to live the life they want (8.66 percent) and putting his or her ability into full play (7.34 percent), the poll found.
Of the potential entrepreneurs, 5.73 percent said they are positive they want to start a business this year, 14.68 percent said they have strong desire to start a business and have started planning, while 73.27 percent said they are interested in entrepreneurship as a way out but are still just mulling the idea, according to the poll.
A total of 74.45 percent of the potential entrepreneurs said they would prefer to start a business of their own rather than buy a franchise.
Of the potential entrepreneurs, 46.69 percent said they would be prepared to spend less than NT$100,000 (US$2,967) to start their businesses, while 79.28 percent said their startup funds would be controlled within NT$500,000, the survey found.
Ejob.gov.tw conducted the survey between Feb. 13 and April 27 and obtained 681 valid responses.