Starting a business in a foreign country is definitely harder than doing so at home. You have to deal with a different culture, language barriers and bureaucracies which treat you with mistrust. So the deck is stacked against you. Despite that, migrants start a lot of businesses. In fact, they’re far more likely to do so than the people who don’t leave their home country.
In the UK they’re three times as likely to start businesses as those who haven’t moved. In the US, 13% of the population is made up of immigrants, while they start 28% of its new ventures. Even more astounding, more than half of the billion dollar new ventures in the US are started by immigrants.
So why – despite the extra hardships they face – are migrants more likely to start businesses and succeed in them when they do? To find out, I interviewed Philippe Holthuizen, who traveled half a world away from his native-born Holland to start not one but two companies.
Continue reading Road interview: Philippe Holthuizen – Expat Entrepreneur and 3D Cobbler