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Barriers to Entrepreneurship

Discuss Barriers to Entrepreneurship within the Entrepreneurship / Intrapreneurship forums, part of the Resolve Your Query - Get Help and discuss Projects category; Barriers to Entrepreneurship Economic like capital, labor and raw material Non economic like social, cultural (conformity, logic, social status) Traditional ...

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Sunanda K. Chavan
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Barriers to Entrepreneurship - September 9th, 2010

Barriers to Entrepreneurship

Economic like capital, labor and raw material
Non economic like social, cultural (conformity, logic, social status)
Traditional and practical values.
Personal like sustained motivation, inability to dream
Impatience, lack of clear perception
Difficulty to deal with ambiguity and emotional (fear of failure).

Role Governments can play:
The policies that foster economic development through increased levels of entrepreneurship ar :
Increase the market incentives for entrepreneurs.
-To increase and improve the incentives for entrepreneurs.
-Additional tax incentives .

Improve the availability of credit and capital:
-Resolve primary problem of lack of capital.
-Encourage the development of venture capital companies and also implement micro-credit programs.
Initiate entrepreneurship educational programs:
New education initiatives.

Reform market regulations to facilitate entry into the market:
-Ease of entry into the formal sector.
Many use licenses and permits to regulate and earn revenue or protect state-owned sector & they effectively make the markets inefficient (by limiting competition).

Increase entrepreneurial opportunities available to women and young persons:
Many women and young persons excluded because of cultural values or legal restrictions.

The emergence of the entrepreneurial class
Henry Ford was a 20th-century American example. The entrepreneur’s functions and importance have declined with the growth of the corporation.

Thomas Edison without a doubt, the greatest inventor of the modern era. Many of his over one thousand inventions have changed the lives of everyone in the world.

Richard Arkwright in England and William Cockerill on the Continent of Europe were prominent examples of the rising class of entrepreneurial manufacturers during the Industrial Revolution.

Entrepreneur

Invests, bears risks, Adopts innovation

Intreptreneur

Depends on entrepreneur, not fully bearing risks, works within the organization

Ultrapreneur

High technical skills, Sells products & processes at peak-Sabeer Bhatia (Hot mail to MicroSoft)

Cyberpreneur

Innovative skills, no competition, no investment, zero level risk, depends on outsourcing (Honda,Casio)

Technopreneur

The term "technopreneur" arose from within Singaporean culture to describe an individual whose entrepreneurial endeavors focus on a technology-
centered enterprise.
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Business Education
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Re: Barriers to Entrepreneurship - June 24th, 2015

The Advantages of Entrepreneurship

1. Freedom

2. Set Your Own Earnings

3. Continues effort to evolve and expand
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Jitendra Mazee
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Re: Barriers to Entrepreneurship - April 10th, 2016

Quote:
Originally Posted by sunandaC View Post
Barriers to Entrepreneurship

Economic like capital, labor and raw material
Non economic like social, cultural (conformity, logic, social status)
Traditional and practical values.
Personal like sustained motivation, inability to dream
Impatience, lack of clear perception
Difficulty to deal with ambiguity and emotional (fear of failure).

Role Governments can play:
The policies that foster economic development through increased levels of entrepreneurship ar :
Increase the market incentives for entrepreneurs.
-To increase and improve the incentives for entrepreneurs.
-Additional tax incentives .

Improve the availability of credit and capital:
-Resolve primary problem of lack of capital.
-Encourage the development of venture capital companies and also implement micro-credit programs.
Initiate entrepreneurship educational programs:
New education initiatives.

Reform market regulations to facilitate entry into the market:
-Ease of entry into the formal sector.
Many use licenses and permits to regulate and earn revenue or protect state-owned sector & they effectively make the markets inefficient (by limiting competition).

Increase entrepreneurial opportunities available to women and young persons:
Many women and young persons excluded because of cultural values or legal restrictions.

The emergence of the entrepreneurial class
Henry Ford was a 20th-century American example. The entrepreneur’s functions and importance have declined with the growth of the corporation.

Thomas Edison without a doubt, the greatest inventor of the modern era. Many of his over one thousand inventions have changed the lives of everyone in the world.

Richard Arkwright in England and William Cockerill on the Continent of Europe were prominent examples of the rising class of entrepreneurial manufacturers during the Industrial Revolution.

Entrepreneur

Invests, bears risks, Adopts innovation

Intreptreneur

Depends on entrepreneur, not fully bearing risks, works within the organization

Ultrapreneur

High technical skills, Sells products & processes at peak-Sabeer Bhatia (Hot mail to MicroSoft)

Cyberpreneur

Innovative skills, no competition, no investment, zero level risk, depends on outsourcing (Honda,Casio)

Technopreneur

The term "technopreneur" arose from within Singaporean culture to describe an individual whose entrepreneurial endeavors focus on a technology-
centered enterprise.
Hey sunanda, many many thanks for sharing and explaining about the barriers to entrepreneurship and i am sure it would help many people. BTW, i am also uploading a document where you would find more detailed information on mentioned subject.
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File Type: pdf Barriers to Entrepreneurship.pdf (190.7 KB, 1 views)
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Ratika Shetty
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Re: Barriers to Entrepreneurship - May 17th, 2016

Biggest barrier to entrepreneurship is the point when we focus more on short term goals like making profit and forget the long term goal of increasing the sale and growing the business. 90%u0025 of the start up fail because of this only. Recently read a beautiful quote on this by Varun Manian, MD Radiance Media and Realty, which said "Entrepreneurship is not only about making money".
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Ideal Hr
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Re: Barriers to Entrepreneurship - April 25th, 2017

An understanding of the inhibiting factors or barriers will help prospective entrepreneurs to develop a strategy to overcome them. A systematic study of the barriers will lead to a proper understanding of the fields or areas in which they occur.
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