The majority of young Taiwanese remain interested in running their own business as a career option, according to an annual survey by 1111 Job Bank, with the results similar to last year’s findings.
The poll found that more than 76 percent of young Taiwanese have either already started their own business or would like to do so, a slight increase from 75 percent last year.
The food industry was the most popular choice, with nearly 91 percent of respondents who indicated they wanted to run their own business saying that they are interested in selling street food or local dishes, while 20 percent said they want to open a restaurant or dessert shop, and nearly 18 percent showed interest in a brunch cafe.
However, while most young Taiwanese find entrepreneurship an attractive option, only a small percentage are actually in business (4.46 percent), have tried it before (3.18 percent), or are about to do so (7 percent), the poll showed.
The survey found that 61.46 percent of those interested in starting their own business have not yet put their ideas into action, while 60 percent who have tried failed to turn a profit.
In terms of start-up investment, young Taiwanese have put an average of NT$633,500 into their own business, with 78 percent raising their own funds, while 24 percent were funded by family and friends, and 27 percent took out loans from the Small and Medium Enterprise Administration, the poll found.
Most young people are interested in entrepreneurship because they think it will bring self-satisfaction and a higher-than-average income, it showed.
The survey found that 55.6 percent of young Taiwanese who run a successful business earn an average of just more than NT$50,000 per month.
Entrepreneurship is a popular idea among new graduates in Taiwan, because they are unlikely to earn more than NT$31,103 per month in a regular job, 1111 Job Bank vice president Ho Chi-sheng (何啟聖) said.
The Central Weather Administration (CWA) today issued a sea warning for Typhoon Fung-wong effective from 5:30pm, while local governments canceled school and work for tomorrow. A land warning is expected to be issued tomorrow morning before it is expected to make landfall on Wednesday, the agency said. Taoyuan, and well as Yilan, Hualien and Penghu counties canceled work and school for tomorrow, as well as mountainous district of Taipei and New Taipei City. For updated information on closures, please visit the Directorate-General of Personnel Administration Web site. As of 5pm today, Fung-wong was about 490km south-southwest of Oluanpi (鵝鑾鼻), Taiwan's southernmost point.
Almost a quarter of volunteer soldiers who signed up from 2021 to last year have sought early discharge, the Legislative Yuan’s Budget Center said in a report. The report said that 12,884 of 52,674 people who volunteered in the period had sought an early exit from the military, returning NT$895.96 million (US$28.86 million) to the government. In 2021, there was a 105.34 percent rise in the volunteer recruitment rate, but the number has steadily declined since then, missing recruitment targets, the Chinese-language United Daily News said, citing the report. In 2021, only 521 volunteers dropped out of the military, the report said, citing
A magnitude 5.3 earthquake struck Kaohsiung at 1pm today, the Central Weather Administration said. The epicenter was in Jiasian District (甲仙), 72.1km north-northeast of Kaohsiung City Hall, at a depth of 7.8km, agency data showed. There were no immediate reports of damage. The earthquake's intensity, which gauges the actual effects of a temblor, was highest in Kaohsiung and Tainan, where it measured a 4 on Taiwan's seven-tier intensity scale. It also measured a 3 in parts of Chiayi City, as well as Pingtung, Yunlin and Hualien counties, data showed.
Nearly 5 million people have signed up to receive the government’s NT$10,000 (US$322) universal cash handout since registration opened on Wednesday last week, with deposits expected to begin tomorrow, the Ministry of Finance said yesterday. After a staggered sign-up last week — based on the final digit of the applicant’s national ID or Alien Resident Certificate number — online registration is open to all eligible Taiwanese nationals, foreign permanent residents and spouses of Taiwanese nationals. Banks are expected to start issuing deposits from 6pm today, the ministry said. Those who completed registration by yesterday are expected to receive their NT$10,000 tomorrow, National Treasury
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