Most Russians would like to start their own business, the press service of Raiffeisen Bank reports with reference to a study conducted in March 2021 among its clients. The most popular business segments among Russians are construction, renovation, design, cafes, restaurants, food, and IT. Tourism, education, arts, and waste management are also quite popular.
According to the survey, 78 per cent of the survey participants would like to do business. Growth in income (65 per cent of men and 58 per cent of women), financial independence (40 per cent of men and 38 per cent of women), and a dream job (40 per cent of men and 46 per cent of women) were among the top three reasons for starting a business.
It is specified that most often Russians under the age of 45 think about starting their own business (almost 90 per cent of people). Almost half of them are ready to combine it with their regular work. Besides, marital status also influences interest in a career as an entrepreneur, so most of all motivation for starting a new business have those surveyed who are engaged but not married yet (89 per cent).
For a start, 100 thousand rubles would be enough for 14 per cent of study participants, but the majority named the amount from 100 thousand to 1 million rubles. As for the cities, most future entrepreneurs live in Novosibirsk (93 per cent), Samara (88 per cent), Moscow (83 per cent), and Kaliningrad (80 per cent).
In addition, Russians call the economic situation (31 per cent), lack of money, and lack of ideas the main barrier to opening their own project. Among psychological barriers, fear of losing all the money and going into debt is the leading one (30 per cent). Future entrepreneurs are slightly less afraid of problems with taxes and accounting (15 per cent), as well as lack of knowledge or experience (16 per cent).