What Factors Affecting The World Of Entrepreneurs And The Environment Surrounding Them

Entrepreneurs are the people who are not afraid of taking chances though knowing that the chances might be bad, but nonetheless they are always positive and hope for the best. The risks they take are well calculated so that when it succeed, it brings good results.

Entrepreneurs are self – confident and believe in themselves, that they will succeed and make a change within the business culture. There is also an internal locus of control, they are aware that they control their future, and do not point fingers for their successes or failures. They own up to them.

One of the disadvantages of being an entrepreneur is that it has a lot of vulnerabilities. For example, entrepreneurs may face social risk if their innovations challenge societal norms, or they may face psychological risk as their hard work affects their families' peace of mind. Many find that the independence, notoriety, and feeling of contributing something valuable to society that often come with being an entrepreneur outweigh these dangers.

This chapter assesses the different literatures written in the areas of entrepreneurship, women entrepreneurs, women entrepreneurs in SMEs, Women entrepreneurs in SMEs in Mauritius, the factors influencing the performance of women entrepreneurs in SMEs and the supports given by institutions to SMEs.

What does it mean to be an entrepreneur? The Business Dictionary describes an entrepreneur as “Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced. An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. The entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture” (2016). A few key points of being an entrepreneur include the type of entrepreneurship and what approach you should take whether it be corporate entrepreneurship or social; the strategic planning that goes into a business and the use of young Small and Medium sized Enterprises (SME) deciding the size of your company based off of planning and the goals set for the company. How to accomplish organizational emergence and some of the issues individuals face when starting up a business. Government plays a huge role in business start-up, this paper will go into detail on how they assist and impede upon entrepreneurship through legislation. Finally, entrepreneurial resilience and some of mechanisms to cope with a business failure and how to stand up, brush yourself off and try again at success. Entrepreneurship is a difficult task to step into and succeed in, however there are many resounding success stories and resources available to assist in the process. First time

Defining the very essence of entrepreneurship is part of a longstanding theoretical debate (Henry, Hill & Leitch, 2005, p. 99). Definitions are particularly important in the field because many of the terms associated with the discipline, such as entrepreneurship, entrepreneur and enterprise, are often used interchangeably. For the purpose of this review, the definition of entrepreneurship is synonymous with Gibb (2007), who describes entrepreneurship as “sets of behaviours, attributes and skills that allow individuals and groups to create change and innovation, cope with and even enjoy higher levels of uncertainty and complexity” (Gibb, 2007, p. 1). Meanwhile, the term ‘entrepreneur’

3. As you are the consultant for Coopers explain them in your own words Interpretation of conceptual differences between creativity and innovation that shows the organizational implications of this distinction.

Entrepreneurship is the readiness to take risks and improve, establish and be able to a business project in a modest world-wide market that is continuously developing. Entrepreneurs are innovators, leaders and creators. They are at the front of technical and communal actions – in their fields, in their advancing philosophy, in their wish to drive the cover. (Davidrubin, 2013).

According to Longenecker, Petty, Palich, and Hoy (2014), “an entrepreneur is a person who relentlessly pursues an opportunity, in either a new or an existing enterprise, to create value while assuming both the risk and the reward for her or his efforts” (p, 6). In other words, entrepreneurs are risk takers that are motived by profits, achievements, or success. This motivation helped Chairman Michael German (i.e., German) help grow his family business from startup to a forty-six employee company. Although German shared how the organization has successfully grown over the years, there are advantages and disadvantages of owning the corporation; therefore, his recommendations are important for future entrepreneurs.

Quite often individuals do not wholly comprehend the fundamental disparities between entrepreneur’s and small business owners. Moreover, an entrepreneur is an idiosyncratic entity who dawns and administers an industry with restricted affluence and projection, while taking into consideration of the ample aggregate of incessant wagers and elevated remunerations of their tactical undertaking. Nonetheless, the entrepreneur, in contrast towards a small business owner, customarily fashions a novel innovation, rather than merely adhering to a corporate archetype constructed by another.

The main questions addressed in this paper are: entrepreneurs are born not made and how the small start-ups have changed the business industries. Many arguments were for and against that entrepreneurs are born with inherent highly developed business skills. Entrepreneurship is a comprehensive term that is an immensely arduous to delineate (Thurik and Carree, 2005). However, the research which was accomplished about entrepreneurs, I think that entrepreneurs are not born they are made on the stage of cultivating new business ideas into reality. Entrepreneur is not determined as the person who has made the entity stupendous, but the one who employs himself and launches the own company (Glackin & Mariotti, 2010). Therefore, there are no specific boundaries among various patterns of the societies. For instance, Starbucks is one of the substantial businesses between the organisations and the co-finder Zev Siegel has shared the story of this tremendous start-up in 20th century. “We wanted to make a change in our lives and do something that could have impact and be meaningful” – have mentioned CEO-director Zev Siegel in one of the 2016’s interview. Nowadays, Starbucks has more than 24,000 stores in seventy various countries and nevertheless expanding the coffee industry with incredible rapidity. In contemplation “Nature or Nurture: Decoding the Entrepreneur “, it indicates that there are several peculiarities in common among the entrepreneurs (Monte and London, 2011). Consequently,

In this paper we will preview different aspects of entrepreneurships. Although there are many different things you can talk about involving entrepreneurship, we chose to focus on three topics. The three topics discussed in this paper are:

Entrepreneurs possess the ability to identify relationships quickly in the midst of complex situations. They identify problems and begin working on their solution faster than other people.

Entrepreneurship has played a vital role in the economic development of a country along with innovation and competition. Landes (1998) stated that Entrepreneurship is also a solution to poverty alleviation. In modern times, Poverty and wealth has been linked to entrepreneurial activities. However, entrepreneurship has not been studied widely in developing countries in the world. According to Reynolds et al. (2004), more than 400 million persons are either owner or managers of newly developed firms. A phenomenon of entrepreneurship is different in developed and developing countries and existing models only explains this process for developed countries. No one has explained how this process will be carried out in developing nations. A little research has been found regarding entrepreneurial process in developing countries, specifically characteristics of well growing as well as new firms.

Introduction Opening Entrepreneurs play a very important role in the economy as they are the building blocks for a country by providing job opportunities, producing goods and rendering services to consumers. An entrepreneur is an individual or group of people (entrepreneurs’) that identify a business opportunity in a particular market and then provide a product or render a service that will satisfy the needs and wants of the consumers. In my opinion entrepreneurship should be promoted more and thought to the younger generations as it has lots of different advantages to it such as providing job opportunities which will lead to combating socio-economic problems such as poverty and unemployment which in turn will reduce crime levels because