Home-based e-business - an option for the self-employed?

2.1. Entrepreneurship in Hong Kong

“ Hong Kong has been an entrepreneurial society .” (Yu, 1997) [39]. Hong Kong people are well known to be flexible, adaptable and willing to take risk. They have always been keen to start their own businesses, they would like to be their own boss instead of being an employee. The Hong Kong government also encourages this phenomenon; its policies encompassed an easy access to business, a relatively small public sector and free mobility of capital and human resources. Therefore, it is no surprise that no matter in a booming or weak economy, the number of new firms established each year has always out-numbered the failed one. It was revealed by (Yu, 1997) that both the numbers of enterprises and the company formation rates, after controlling for population size, were higher in Hong Kong than in the USA. A similar survey (Yeung, 2002) [38] also indicated that the number of establishments in all sectors and establishment-population ratios in Hong Kong has doubled every 7-10 years.