Fear of failure prevents Romanians from starting new business

Fear of failure remains one of the significant barriers that stops Romanians from opening their own business. Some 65% of the Romanian entrepreneurs believe that society penalizes failure in business whereas 37% of them consider the failure a barrier for their future business projects. Students are more optimistic than entrepreneurs about failure in business, but are more pessimistic about perceiving failure as an opportunity for learning, said Mihaela Matei, coordinator of Romanian Entrepreneurship Barometer, EY Romania. Entrepreneurship is, however, more dynamic than ever in Romania at the moment, she added. editor@romania-insider.com