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Journal articles on the topic 'Starting own business'
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Ridyard, Andrew. "Starting your own business." IEE Review 34, no. 4 (1988): 139. http://dx.doi.org/10.1049/ir:19880051.
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Johnson, Matthew, and Diane Hansen. "Starting My Own Small Business." Journal of Visual Impairment & Blindness 99, no. 9 (September 2005): 519–20. http://dx.doi.org/10.1177/0145482x0509900903.
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Taylor, J. C. "Maggie's children: starting your own business." IEE Review 38, no. 5 (1992): 173. http://dx.doi.org/10.1049/ir:19920067.
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Hefer, Y., M. C. Cant, and J. A. Wiid. "Starting Ones Own Business What Motivates Entrepreneurs?" International Business & Economics Research Journal (IBER) 14, no. 2 (March 2, 2015): 237–46. http://dx.doi.org/10.19030/iber.v14i2.9110.
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The purpose of this study was to determine the factors that motivate and challenge people when starting up their own small business. This paper includes the challenges that entrepreneurs encounter, advantages and disadvantages of owning ones own business, as well as highlighting the factors that are important to succeed in owning ones own business. The study was quantitative in nature and made use of an online survey questionnaire to collect data from entrepreneurs and potential entrepreneurs in KwaZulu Natal, South Africa. The results indicated that the most motivational factors include the desire to pursue a business idea and that they want to be their own boss. The results further highlighted that the main challenges for small business owners are financial in nature as well as support from the government.
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Childre, Frances, and Elaine M. Papp. "Starting a Business as a Nurse Consultant." AAOHN Journal 48, no. 3 (March 2000): 136–44. http://dx.doi.org/10.1177/216507990004800305.
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This is the first of two continuing education (CE) articles for occupational health nurses interested in starting their own business. Both articles build on the January 1997 focused issue with four CE articles dedicated to consulting in occupational health nursing practice. In this issue, Papp explores practical issues and poses questions beginning occupational health nurse consultants must confront prior to starting a business. Rainer's article, scheduled for the April 2000 issue of the AAOHN Journal, focuses on managing financial resources effectively to sustain a profitable business. Businesses are changing continually in response to a highly competitive marketplace. As a result, occupational health nurses continue to be challenged both clinically and managerially to demonstrate value whether they work within the organization or external to it. This two part series encourages occupational health nurses to examine options for adding value from an entrepreneurial perspective.
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Mitchell, BC. "African entrepreneurs: An analysis of their motivation for starting their own business." South African Journal of Economic and Management Sciences 6, no. 4 (November 15, 2003): 724–43. http://dx.doi.org/10.4102/sajems.v6i4.1514.
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This study analyses the motivation of entrepreneurs for starting a business. More specifically, it aims to identify whether entrepreneurs have common motives for starting their own business, and whether men and women have different reasons for becoming entrepreneurs. A motivation scale and openended questions were used to measure motivation on a sample of more than 100 entrepreneurs. The results of a factor analysis indicate that entrepreneurs have various reasons for starting a business, and are primarily motivated by the needs for independence, material incentives and achievement.
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Kunasz, Marek. "Determinants of selection of the moment of starting running own business." Management and Business Administration. Central Europe\ 22, no. 2 (June 15, 2014): 65–79. http://dx.doi.org/10.7206/mba.ce.2084-3356.99.
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Lowerson, John. "Starting from your own Past? The Serious Business of Leisure History." Journal of Contemporary History 36, no. 3 (July 2001): 517–29. http://dx.doi.org/10.1177/002200940103600307.
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MACHADO, HILKA PELIZZA VIER, SEBASTIÃO GAZOLA, JOICELI DOS SANTOS FABRICIO, and MIGUEL EDUARDO MORENO ANEZ. "WOMEN ENTREPRENEURS: REASONS AND DIFFICULTIES FOR STARTING IN BUSINESS." RAM. Revista de Administração Mackenzie 17, no. 3 (June 2016): 15–38. http://dx.doi.org/10.1590/1678-69712016/administracao.v17n3p15-38.
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ABSTRACT Purpose: The aim of this research is to describe the main reasons and difficulties for women to establish businesses and to identify possible differences between those that go into industry and those that establish commerce or service businesses. Originality/gap/relevance/implications: The establishment of business is highly important for Entrepreneurship and its understanding is relevant to pinpoint the reasons and identify the difficulties that entrepreneurs have to establish their companies. Key methodological aspects: A quantitative study of 102 industry women entrepreneurs and 96 commerce/services entrepreneurs was carried out. Data were collected by a structured questionnaire and by two Likert scales, which measured reasons and difficulties in the establishment of companies. A cluster analysis was undertaken to identify possible groups of attributes related to reasons and difficulties in the establishment of enterprises to group variables. The Mann-Whitney test was employed to compare reasons and difficulties in the establishment of enterprises between the two groups (industry and commerce/service) to identify statistically significant differences. Summary of key results: Results by the Mann-Whitney test revealed that the two groups assigned the same level of importance to the reasons for business establishment: improvement difficulty in the previous job; desire to financially help offspring; re-entry into the labor market; earning lot of money. The same test showed no significant difference in importance level assigned to eight difficulties for the establishment of business: I did not believe in my own capacity; I had never had any link with other companies; I did not have any access to industry information; People did not believe in my potential; I was afraid to quit my job; I was never acquainted with a business plan; I had no money for advertising my business; I found it difficult to choose the location of the company. Key considerations/conclusions: Results show that women entrepreneurs are not a homogenous group and that there is a need for public policies that would minimize difficulties in the setting up of companies to increase women´s participation as entrepreneurs.
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VAN AUKEN, HOWARD, FRED L. FRY, and PAUL STEPHENS. "THE INFLUENCE OF ROLE MODELS ON ENTREPRENEURIAL INTENTIONS." Journal of Developmental Entrepreneurship 11, no. 02 (June 2006): 157–67. http://dx.doi.org/10.1142/s1084946706000349.
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This study examines the impact of role model activities on potential entrepreneur's desire to own a business. A group of students, whose role model owned a business, were asked to rank the influence on career intentions of twenty specific activities in which role models and potential entrepreneurs might engage. The study looks at the relationship between these activities and the desire to own a business. Role model activities related to involving the respondent in professional activities, employment in the business, and discussions about the business were found to be significantly related with interest in starting a business. The results can be useful to those involved in teaching entrepreneurship courses, owners of businesses who are interested in encouraging entrepreneurship, and providers of assistance who council owners of firms.
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Ezeuduji, Ikechukwu O., and Sibusiso D. Ntshangase. "Entrepreneurial Inclination: South African Youth's Mental Attitude towards starting Tourism Business." Journal of Economics and Behavioral Studies 9, no. 4(J) (September 4, 2017): 144–52. http://dx.doi.org/10.22610/jebs.v9i4(j).1829.
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This study assessed the tourism entrepreneurial intention of South African youth, and the mental attitude of those who have this intention. It used questionnaire survey to gather data from 207 youth resident in Mtubatuba Local Municipality, KwaZulu-Natal Province of South Africa, to address the study objectives. Data analyses reveal that a significant percentage of the youth have tourism entrepreneurial intention. Those who perceive themselves as entrepreneurial individuals and willing to start tourism businesses in the future exhibit some distinct mindset. This mental attitude depicts these individuals to be innovative, transformational, risk takers, persistence, strong-minded, visionary, optimistic, and goal-getters. The South African Government, through its Department of Labour, need to optimize its strategic and operational plans to support these entrepreneurial youth in acquiring business education and entrepreneurial skills, to empower them realise their dreams of starting and managing their own businesses. This will help curb the high rate of unemployment in South Africa, especially among the youth.
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Ezeuduji, Ikechukwu O., and Sibusiso D. Ntshangase. "Entrepreneurial Inclination: South African Youth’s Mental Attitude towards starting Tourism Business." Journal of Economics and Behavioral Studies 9, no. 4 (September 4, 2017): 144. http://dx.doi.org/10.22610/jebs.v9i4.1829.
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This study assessed the tourism entrepreneurial intention of South African youth, and the mental attitude of those who have this intention. It used questionnaire survey to gather data from 207 youth resident in Mtubatuba Local Municipality, KwaZulu-Natal Province of South Africa, to address the study objectives. Data analyses reveal that a significant percentage of the youth have tourism entrepreneurial intention. Those who perceive themselves as entrepreneurial individuals and willing to start tourism businesses in the future exhibit some distinct mindset. This mental attitude depicts these individuals to be innovative, transformational, risk takers, persistence, strong-minded, visionary, optimistic, and goal-getters. The South African Government, through its Department of Labour, need to optimize its strategic and operational plans to support these entrepreneurial youth in acquiring business education and entrepreneurial skills, to empower them realise their dreams of starting and managing their own businesses. This will help curb the high rate of unemployment in South Africa, especially among the youth.
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Cieślik, Jerzy, and André van Stel. "Explaining university students’ career path intentions from their current entrepreneurial exposure." Journal of Small Business and Enterprise Development 24, no. 2 (May 15, 2017): 313–32. http://dx.doi.org/10.1108/jsbed-09-2016-0143.
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Purpose The purpose of this paper is to predict future career paths of university students, distinguishing between paid employment, running one’s own independent business and running a family business. The main predictor is the students’ current mode of entrepreneurial exposure, both in terms of the students running their own business, and in terms of their parents running their own business. Design/methodology/approach The study is based on a comprehensive survey held in May 2013 among 1,490 business and law students of Kozminski University in Warsaw, Poland. To predict future career expectations in ten years’ time, multinomial logit regressions were employed. Findings The authors find that, among students with a family business background, those students who are actively involved in their parents’ business are significantly more likely to pursue joining the family firm, rather than starting their own business. Practical implications In order to stimulate business succession, universities with a large proportion of students with family business background may consider launching dedicated programs promoting the interest of students in the businesses run by their parents. Originality/value The authors investigate to what extent active participation of university students in their parents’ business is associated with a higher probability to pursue a career in family business. The research has important implications in light of the increasing difficulty in Europe to find successors for family businesses.
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Hanchett, Marilyn. "Pursuit of an Independent Vision A Conversation with Five Entrepreneurs in Infusion Therapy and Related Services." Journal of the Association for Vascular Access 9, no. 1 (March 1, 2004): 11–14. http://dx.doi.org/10.2309/1552-8855-9.1.11.
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Abstract A background in infusion therapy can provide a strong platform from which to launch an entrepreneurial career. In this article, five successful entrepreneurs describe how their clinical backgrounds led them to start their own businesses. Both product and service companies are featured. The individuals discuss their experiences as independent business owners and offer practical advice to healthcare professionals considering starting their own firms.
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Brush, Candida G. "Research on Women Business Owners: Past Trends, a New Perspective and Future Directions." Entrepreneurship Theory and Practice 16, no. 4 (July 1992): 5–30. http://dx.doi.org/10.1177/104225879201600401.
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The number of women starting and owning their own businesses has grown dramatically over the past decade. Concurrent with this trend, there has been an increase in the number of research studies focusing on or including women business owners in their samples. This paper reviews empirical research studies on women business owners and their ventures, classifies the studies in a framework, and summarizes trends emerging from this research. To guide future research, a new perspective on women-owned businesses is proposed and research questions, methods, and implications are discussed.
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Alessa, Adlah. "Self-efficacy and Motivations among Saudi Employees toward Creating their Own Business." International Journal of Business and Management 12, no. 6 (May 18, 2017): 75. http://dx.doi.org/10.5539/ijbm.v12n6p75.
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Saudi Arabia has a unique culture and society, which has influence on the way entrepreneurship is perceived and experienced. The survey of Saudi Arabian employees suggested that men tended to have a greater interest in entrepreneurship and more often wanted to quit their job in order to start a business. Male employees also had greater levels of self-efficacy towards starting a business. The study provides new empirical and comparative evidence drawn from diverse parts of Saudi society. In so doing, the study contributes new knowledge with regards to how Saudi Arabian society, culture, policies and the economy influence attitudes, perceptions and experiences of entrepreneurship.
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Kanchana, V. S., N. Yesodha Devi, and S. Sujatha. "Women Entrepreneurs: Driving Factors and Growth – A Study in Coimbatore District." Journal of Global Economy 6, no. 1 (February 28, 2010): 21–32. http://dx.doi.org/10.1956/jge.v6i1.103.
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he present investigation was carried out in Coimbatore District of Tamil Nadu state to know the socio economic background, impact of driving factors, and growth of women entrepreneurs. Total 150 respondents were interviewed with the help of pre-tested interview schedule. Random sampling technique was adopted for the selection of women entrepreneurs. The study was designed to cover the women entrepreneurs running their own enterprise. Tools applied are Percentage Analysis, Friedman Rank Test, Chi square Analysis and correlation. It was found that (60%) of them belong to backward community, (62.7%) have started a new business and (88%) of the women entrepreneurs do their business within the state, 53.3% have started their business out of own investment. Family members to certain extent had an influence in all the business matters. The performance level indicates that there is increase in sales when compared to the year of starting. (40%) of the respondents ranked contribution to family income as the motivational factor for starting their own enterprise followed by use of spare time. The personal factors like community, education qualification, type of family and family size shows a significant difference on the type of enterprise. The personal factors age, community, marital status and family size of the respondents have a significant difference on the type of organization and all the personal factor has a significant difference on the nature of business. Contributing to the family income is the important motive for starting an enterprise of their own.Â
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Logan, Julie. "An exploration of the challenges facing women starting business at fifty." International Journal of Gender and Entrepreneurship 6, no. 1 (March 4, 2014): 83–96. http://dx.doi.org/10.1108/ijge-03-2013-0019.
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Purpose – The paper aims to investigate the motivations, goals, challenges, successes and needs of older women starting new ventures. Design/methodology/approach – In-depth semi-structured interviews were conducted with ten successful female entrepreneurs who had created their businesses at age 50 or over. The key areas of focus included the women's motivation for starting a business, their previous work experience, potential barriers/enabling factors (including their human, social and financial capital), and the performance of their ventures. Responses were taped, transcribed, coded, grouped and analyzed. Findings – The primary trigger for older women to start a new venture appears to be the need to find a creative outlet (self-actualization). Further, more than half the women stated that because they now had significantly reduced family responsibilities, this was the time for them to pursue their own goals. Interestingly, a majority of the women had started new ventures in an area completely unrelated to their previous work experience. Family support, particularly from their spouse/partner, was acknowledged by virtually all the women as an important factor contributing to the success of their ventures. All the ventures were profitable and growing. Research limitations/implications – The findings suggest that well-trained mentors could make a significant difference to this older cohort of female entrepreneurs, particularly in terms of helping them to grow their businesses. Originality/value – This study fills a gap in the literature by providing an understanding of the motivations and needs of older female entrepreneurs.
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Stolarczyk, Paulina. "SELF-GENERATED ECONOMIC ACTIVITY AS A FORM OF EMPLOYMENT FOR PEOPLE WITH DISABILITIES." Acta Scientiarum Polonorum. Oeconomia 19, no. 4 (January 3, 2021): 131–37. http://dx.doi.org/10.22630/aspe.2020.19.4.49.
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The article presents the factors that limit starting one’s own business. Self-employment is one way to integrate disabled people into the labour market and to utilize resources from the labour force of disabled people. The results are obtained on the basis of a study conducted by the author in the Mazowieckie Voivodeship among people with disabilities. The conducted research shows that self-employment is not willingly chosen by people with disabilities. People with disabilities see many negative factors (reasons) that make it difficult to set up and run their own businesses. Their state of health and a lack of resources are the main hindrances to starting a business. The tools/instruments used by the state to facilitate self-employment are also indicated. Through self-employment people with disabilities create a workplace (position) for themselves and decide to enter or return to the labour market. Bureacratic support and appropriate motivation to take up professional activity is also very important as it reduces the number of those who remain unemployed.
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West, Christine. "How to be a successful therapist. A guide to starting and running your own complementary therapy business." Complementary Therapies in Clinical Practice 17, no. 3 (August 2011): 184. http://dx.doi.org/10.1016/j.ctcp.2011.03.001.
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Erdis, Cindy, Johannes Arnoldus Wiid, and Michael Colin Cant. "Motivation for starting a business: Opportunity or survival? A South African perspective." Corporate Ownership and Control 12, no. 4 (2015): 630–38. http://dx.doi.org/10.22495/cocv12i4c6p2.
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Labour and trade union disputes and political uncertainty continue to negatively affect the South African economy. Strike action hampers productivity in many industries, affecting foreign investment. These factors all contribute to a slower economy, weakening the exchange rate and increasing cost of imports (Anon1 2014:1). A struggling electricity supply is also adding to current South African economic woes. The above factors add to the reasons why small businesses (SMEs) are being started as a means for South Africans to establish their own forms of income during these tough economic times. SMEs often form the backbone of national economies and have lately increased in importance (Hove & Tarisi 2013:57). This research paper aims to explore the reasons why small businesses are started in South Africa by focusing on intrinsic and extrinsic driving forces. Once the reasons are known as to why small businesses are started, researchers can begin to develop interventions and strategies for the successful establishment and long-term survival of these SMEs.
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Krisnanto, Umbas. "Pandemic Era Students Readiness for Business in Jakarta." Archives of Business Research 8, no. 9 (October 11, 2020): 151–62. http://dx.doi.org/10.14738/abr.89.9087.
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This study aims to decide starting up a business for students in pandemic era. This study uses factor analysis data collection techniques using a questionnaire. The sample was college students. The results that entrepreneurship will be easier because it can create its own brand, can take advantage of social media, supported by the ability to use current technology. Entrepreneurship can be started at any time and start with yourself and your own efforts with the hope that in the future can have a better life for yourself. The entrepreneurship starts with how to start a business by doing business planning. Entrepreneurship requires a supportive educational background. Entrepreneurship can be through learning that has been done by family or advice from parents or culture that has been formed.
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Ignat, Valentina, Lothar Becker, and Peter Lorenz. "Patent Analysis by Business Intelligence Tools and Strategic Growth Opportunities." Applied Mechanics and Materials 657 (October 2014): 901–5. http://dx.doi.org/10.4028/www.scientific.net/amm.657.901.
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Patent Intelligence analysis provides an overview of the patent activity in the technical fields and giving insights into the competitors` pipeline and is a starting point for preparing own product, intellectual property strategies and development efforts. The Patent Intelligence analysis help to discover new application, serving catalyst a new thinking and creative approaches to business problem or identifying strategic growth opportunities.
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Alsos, Gry Agnete, and Lars Kolvereid. "The Business Gestation Process of Novice, Serial, and Parallel Business Founders." Entrepreneurship Theory and Practice 22, no. 4 (July 1998): 101–14. http://dx.doi.org/10.1177/104225879802200405.
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This article explores the new business gestation process among three types of entrepreneurs: novice founders, serial founders (i.e., those individuals who have previously owned a business but sold it or closed it down), and parallel founders (i.e., those individuals who own at least one business while trying to start another). Founders were identified from a random sample of 9,533 Norwegian adults. Data were collected during 1996. One hundred and sixty respondents were classified as nascent entrepreneurs (i.e., those individuals starting a new business from scratch). One year later, information was collected from this group of nascent entrepreneurs surrounding their current activities. Detailed analysis revealed several differences with regard to the activities carried out during the gestation process among the three types of founders. Most notably, parallel entrepreneurs where found to have a higher probability of venture implementation than novice and serial founders.
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CHIEN, DOH JOON, TAN WEE LIANG, and CHIONG TECK SOON. "ENTREPRENEURSHIP INCLINATION OF SINGAPORE BUSINESS STUDENTS." Journal of Enterprising Culture 04, no. 02 (June 1996): 209–23. http://dx.doi.org/10.1142/s0218495896000125.
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This paper presents the partial findings of our study into the intention of tertiary students in Singapore in becoming entrepreneurs. The research is undertaken as a preliminary step in understanding whether students upon graduation prefer to start a business of their own or prefer to be employees, and the forces which have contributed toward the shaping of their inclination. A survey was conducted on graduating Business students in the School of Accountancy and Business, Nanyang Technological University. The research findings indicate that in the Singapore sample, the percentage of graduating students with entrepreneurial inclination was higher than in other countries. The findings are encouraging for Singapore as they indicate that entrepreneurial aspiration is strong among the sample of Business students. However, this should not be the basis for complacency as experience elsewhere has indicated that, if left on their own, not many of them would actually go into business. To increase the rate of graduates starting their own business, a supportive infrastructure needs to be developed. One approach is to set up a start-up business centre. Such an infrastructure will not only broaden the career options for graduates, but will also, in the long run, contribute to the development of a core of entrepreneurs who have the knowledge and expertise to spearhead complex and technologically oriented enterprises in line with Singapore’s emphasis on regionalisation and internationalisation of business.
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Hasmidyani, Dwi, Siti Fatimah, and Firmansyah Firmansyah. "MENGEMBANGKAN JIWA KEWIRAUSAHAAN GENERASI MUDA MELALUI PELATIHAN PENYUSUNAN RENCANA USAHA." MITRA: Jurnal Pemberdayaan Masyarakat 1, no. 1 (August 29, 2018): 32–47. http://dx.doi.org/10.25170/mitra.v1i1.13.
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The potential of developing and fostering the entrepreneurial spirit of the young generation in RW 11 Sukarami Palembang urban village was enormous, but the fostering of entrepreneurship spirit had not been optimal yet because the education level of most target audiences was high school graduates who lacked knowledge in entrepreneurship. As a result, many potential creative ideas in starting a business had not been explored optimally. The aim of this business planning training was expected to instill the entrepreneurial spirit into this young generation. It is hoped that they were motivated to start their own businesses that suit their own talents or hobbies and they were able to utilize existing resources and capital to create economic value goods. Several different methods were used in the training such as lecture, game, discussion, question and answer, and business planning practice. During the training, the participants were invited to present their business plans. The results of the evaluation of 22 trainees, in general, show that there was an increase of knowledge and understanding after the participants had been exposed to the materials of entrepreneurship and business planning.
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Zhu, Xiaohong. "Analysis of YBC's “Rebuild Our Home Entrepreneurship Campaign” – A Social Enterprise Perspective." China Nonprofit Review 1, no. 2 (2009): 263–83. http://dx.doi.org/10.1163/187651409x462340.
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AbstractDuring the aftermath of the 2008 Sichuan Earthquake, Youth Business China (YBC) quickly launched the “Rebuild Our Home Entrepreneurship Campaign.” With the help of the Mianyang government, YBC set up a local office and brought the campaign directly to the disaster area. YBC took advantage of its social resources and assisted youth affected by the disaster in starting their own businesses, which boosted the local economy and garnered public recognition. YBC's success was due to the combination of rebuilding and aid concepts with their own management ideas. YBC also successfully integrated public resources and private resources with its own unique charity management knowledge and standard operations. This rebuilding assistance model is an innovation in the non-profit sector, as well as an example of successful operation of a social enterprise.
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Lahutta, Dawid. "Analysis of the Entrepreneurship Level and Attitude in the Aspect of Starting-Up and Running Micro-Enterprises Among Students of Lublin Universities of Majors in Economics, Management, and Finance." Folia Oeconomica Stetinensia 18, no. 1 (June 1, 2018): 54–66. http://dx.doi.org/10.2478/foli-2018-0005.
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Abstract Entrepreneurship has been a functioning term in academic literature for a long time, however, the research and discussions concerning its importance among the youth take more place in modern science. In economics, this term denotes a tendency to take new risks or seek and realize unconventional projects. The direct approach is to start and run one’s own business. A one-person business activity is the dominant form of an idea realization about the entrepreneurship on a small range. From the moment the annex I to an ordinance 364/2004 came to life, the micro-enterprise stands out as the most common when it comes to the size of one-person business activities. The article concentrates on the measurement and analysis of the level of businesses among students of Lublin universities, related mainly to the desire and initiative of starting-up and running one’s own business. The aim of the article is to increase the level of perception of the knowledge about the youth’s entrepreneurial attitude, especially those possessing extended economic and financial knowledge. The research was possible thanks to a survey covering the representative sample of the population of students of economics, management, and finance at Lublin universities. The choice of this sample was random and focused on different majors. The results and conclusions were collected according to the majors, age, gender, and previous experience of the responders.
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Edokpolor, James Edomwonyi, and Kayode Somorin. "ENTREPRENEURSHIP EDUCATION PROGRAMME AND ITS INFLUENCE IN DEVELOPING ENTREPRENEURSHIP KEY COMPETENCIES AMONG UNDERGRADUATE STUDENTS." Problems of Education in the 21st Century 75, no. 2 (April 20, 2017): 144–56. http://dx.doi.org/10.33225/pec/17.75.144.
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The intent of this research is to assess the implementation state of entrepreneurship programme and its influence in developing entrepreneurship key competencies among undergraduate students. The survey design was employed for the research. A total population of 8,101 undergraduate students from University of Benin was used. A sample of 382 undergraduate students was used for the research. A structured questionnaire, validated by two experts was used for the data collection. The Cronbach alpha statistical method was employed to determine the reliability of the instrument, which yielded the coefficient alpha value of 0.87. Twenty items questionnaire was administered to the respondents with the help of two trained research assistants. The data were analyzed using the mean, standard deviation, and t-test statistics. The research revealed that entrepreneurship programme is not properly implemented particularly at the university level. It also revealed that students are not well-equipped with entrepreneurship key competencies such as creative and innovative skills that would have helped them in starting and running their own business. It also revealed that there was no significant difference between the mean responses of Science and Arts/Humanity-based students regarding the implementation state of entrepreneurship programme. It further revealed that there was no significant difference between the mean responses of Science and Arts/Humanity-based students regarding the extent to which entrepreneurship programme has equipped students with creative and innovative skills. Consequently, the authors drew a useful conclusion for the subject matter. Providing sufficient amount of financial resources, involving employers of labour, sourcing for qualified teaching and non-teaching personnel, procuring the state-of-the-art infrastructural facilities, as well as utilizing appropriate instructional methods, that would help in equipping students with creative and innovative skills for starting and operating their own businesses were further recommended. Keywords: creative skills, entrepreneurship education, innovative skills, operating business, starting business, unemployment situation.
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Muranda, Zororo, and Peter Lewa. "Landscaping and decoration: beauty in the desert." Emerald Emerging Markets Case Studies 2, no. 8 (October 17, 2012): 1–8. http://dx.doi.org/10.1108/20450621211289412.
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Subject area Entrepreneurship and small business formation. Study level/applicability BA (Entrepreneurship); BA (Small Business Formation); BA (Management). Case overview Owing to youth unemployment in sub-Saharan economies, youth entrepreneurship is now a major policy alternative across the subcontinent. It is also an immediate alternative for unemployed school drop-outs. Botswana is encouraging youth entrepreneurship through funding youth projects as an intervention. This case study presents decision alternatives considered by young adults when thinking about the future – to proceed with school or to start their own business. The other set of decision alternatives is which business idea to pursue – turning a hobby into a business opportunity or pursuing a new opportunity altogether. Mr Supang, owner of Swanscapes (Pty) Ltd, has to debate these decision alternatives with himself. Swanscape has to contend with a growing market but is unsure of where to get expansion finance. With expansion finance having been availed, managerial skills limitations will have to be dealt with. The company should focus on three other very important decisions: how to compete with large contractors currently dominant in the market and other small businesses that have recently entered the market in flower pot production; how to develop own skills and those of employees; and finally how to grow the business. Swanscapes remains hamstrung with the decision of which mode of growth strategy to adopt. Expected learning outcomes The goal of this case study is to illustrate the tough decision alternatives unemployed youth starting their own small businesses have to juggle with. The case also illustrates the hurdles novice entrepreneurs have to contend with in order to establish a brand for their product or service. It also illustrates the impact of inadequate managerial and technical skills on growth strategies an owner may have. Supplementary learning materials Teaching notes are available. Please consult your librarian for access.
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Guo, Xuguang, and Jon M. Werner. "Gender, family and business." International Journal of Gender and Entrepreneurship 8, no. 4 (November 21, 2016): 373–401. http://dx.doi.org/10.1108/ijge-12-2015-0046.
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Purpose This paper aims to examine the relationship between family responsibilities and family support, on the one hand, and decisions by men and women concerning owning a business, as well as how many hours they work in that business. Design/methodology/approach The authors used data collected by the US Current Population Survey between 1989 and 2011 and had a starting sample of 1,258,430 individuals, and a final sample of 27,147. Findings The authors found that both women and men are more inclined to own a business when they are married, have children or receive financial support from their spouse. They also found widespread gender differences in these analyses. The influence of family-related issues on owning a business is stronger for women than for men. Originality/value The findings indicate that male business owners work longer hours if they have young children. In contrast, female business owners reduce their work hours if they are married, have young children and receive support from their spouse. Implications are discussed.
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Mani, Mukta. "Entrepreneurship Education." International Journal of E-Entrepreneurship and Innovation 5, no. 1 (January 2015): 1–14. http://dx.doi.org/10.4018/ijeei.2015010101.
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Entrepreneurship education is believed to provide students with understanding of concepts of entrepreneurship, train and motivate them to indulge into entrepreneurial activities in future. This is an empirical study to explore the entrepreneurship education in engineering discipline from the perspective of students. The study also attempts to unearth the factors that motivate them to take entrepreneurial activities and their perceived hurdles. Data about the opinion of students regarding entrepreneurship education has been collected from 168 students. The data has been analyzed using various statistical tools. It is found that the students are highly interested in starting their own business. They consider that decision making skills, risk taking capacity, creativity, communication skills and ability to prepare business plan are the most important skills for a successful entrepreneur. They feel motivated to start their own business because of intrinsic factors like being their own boss, chasing their dreams. Lack of experience and lack of funds are the most deterring factors.
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Kulawiak, Anita. "Entrepreneurship in Small Towns in the Region of Łódź in the Assessment of Business Owners." Przedsiębiorczość - Edukacja 13 (December 16, 2017): 41–52. http://dx.doi.org/10.24917/20833296.13.3.
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The main aim of this article was to learn the opinions of entrepreneurs of the smallest towns in the Łódź region (of no more than 5,000 inhabitants) on the conditions under which they pursue their own business. In particular, closer analysis referred to: cost of running own business, current conditions for establishing and running a company, barriers to starting a business, as well as the prospects and possibilities for further development. The research was carried out through questionnaire interviews, on a group of 300 respondents, who in the smallest towns in the region of Łódź run a registered business. The study, although of the sounding nature, showed that respondents generally poorly assess the con- ditions for running own business. Still, they show considerable optimism, particularly with regard to the possibility of improving the conditions in which they operate and of increasing the profitability of the company. The position expressed by the respondents creates a positive image of a small town, where the entrepreneurship has a chance to develop, provided that it will be stimulated by individual decisions of entrepreneurs, not by “necessity” or the situation of “no way out”.
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Sisilia, Kristina. "Wirausaha Masa Depan: Analisis Kepribadian Kewirausahaan Mahasiswa Bisnis." Optimal: Jurnal Ekonomi dan Kewirausahaan 11, no. 2 (December 1, 2017): 104–19. http://dx.doi.org/10.33558/optimal.v11i2.747.
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A successful entrepreneur has to get an entrepreneur personality. This personality may encourage someone to make decision about starting their own business. Students who choose to enroll in a business school hope to have sufficient business knowledge to start a new business during or after their graduation. This research analyzes entrepreneurial personality of business students. The personalities are focus on entrepreneurial interest, motivation, and tolerance for ambiguity and risk tolerance using descriptive qualitative method. The results show that business students’ characteristics have a very good entrepreneurial interest and motivation in business but their ambiguity and risk tolerance are at moderate level. It means that they dare to start business, make business decisions and activities, and aware of the losing capital and time as the potential risks.
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Swasty, Wirania. "Business Model Innovation for Small Medium Enterprises." Winners 16, no. 2 (September 30, 2015): 85. http://dx.doi.org/10.21512/tw.v16i2.1561.
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Indonesian economy through Small Medium Enterprises (SMEs) is expected to absorb labor and contribute to the growth of Gross Domestic Product. However, SMEs lack both managerial and technical skills. This research is about business model innovation for SMEs especially in fashion and garment industry. Study used qualitative approach by mentoring four selected SMEs in Babakan Penghulu Village– Cinambo Sub-District, Eastern Bandung. The tools used to analyze them including PEST analysis, Porter’s Five Forces,Resource Based View, Value Chain Analysis and Business Model Canvas. Finding suggests SMEs to have business model innovation derived from value proposition. SMEs should build their own brand awareness. Moreover, as garment and fashion industry, design can be a particularly important part of the Value Proposition. SMEs could communicate its value propositions and inform their service through its official websites and other social media. Since the intangible resources include brand and design, thus SMEs should build brand image and innovate year by year. SMEs must hire designers and launch a series of new products offers under the signature of their own brands. Ideation to strengthen strategies derives from value proposition building block as a starting point. Moreover, Business Model Canvas makes strategy more focused and measurable. Business model innovation is expected to increase overall performance of SMEs.
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Zhyhlei, Iryna, and Dmytro Zakharov. "sharing economy formation through the social capital development." Public Policy and Accounting, no. 1(3) (April 26, 2021): 12–21. http://dx.doi.org/10.26642/ppa-2021-1(3)-12-21.
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Aspects of digital transformation as a part of Industry 4.0 are analyzed. The sharing economy and sharing platform development are shown through a historical retrospective. Characteristic features of current changes in economic development related to the global industrial Internet infrastructure, big data, cloud technologies, artificial intelligence are noted. The importance of the components of social capital for the construction of a horizontal network of stable relationships is investigated. The most popular types of sharing economy are presented. The results of a survey among participants in the program «Norway-Ukraine. Professional Adaptation. Integration into the State System» are analyzed. This program takes a course on starting your own business. The purpose of the survey was to determine the importance of the components of social capital for starting your own business and the ability to build a sharing business. The results of the survey show a low level of trust, weak partnerships, and a reluctance to cooperate with government institutions. The survey showed critical points that need to be quickly fixed for socio-economic development and social capital building. Further development of the sharing economy depends on the effective use of online platforms. The article clarifies the essence and features of the sharing economy. Modern online network platforms and gives their classification are considered.
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Selig, Gad J. "Franchising and Entrepreneurship: High Reward or High Risk?" New England Journal of Entrepreneurship 1, no. 1 (March 1, 1998): 14–22. http://dx.doi.org/10.1108/neje-01-01-1998-b002.
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According to the Department of Commerce, start-up, small, and family businesses are among the fastest growing areas of employment. Even under the best economic environment, starting a business is risky. To reduce the risks and to establish their own businesses, an increasing number of entrepreneurs and corporate converts are buying franchises. Franchising has enjoyed a major increase in popularity during the early 1990s, fueled largely by the growing pool of available candidates made possible by significant corporate and government downsizing. According to the Department of Commerce, franchising accounts for nearly one-third of all U.S. retail sales and employs over 7 million people. If an individual has the motivation, skills, capital, leadership, entrepreneurial spirit, and risk-taking attributes required to start and manage a business, franchising provides a structured alternative to accomplish this objective. Franchising encompasses both high risks and high rewards. While it is not for everyone, franchising represents a method to start and/or transition into your own business. This refereed article describes the why, what, and how of franchising. It discusses the driving forces for franchising from both the franchiser's and franchisee's perspective, what it takes to be a franchisee, how to become an educated businessperson, what to do once you have selected a franchise, the do's and don'ts, the risks and rewards, and how to sell a franchise.
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BRAUN, EDUARD. "The theory of capital as a theory of capitalism." Journal of Institutional Economics 13, no. 2 (December 1, 2016): 305–25. http://dx.doi.org/10.1017/s1744137416000394.
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AbstractBefore economists and sociologists came up with their own definitions of the term ‘capital’, it was commonly understood as money invested in businesses by their owners or shareholders, and it continues to be understood this way in everyday business practice. In a recent article, Hodgson (2014) advises economists to return to this pre-Smithian usage of the term. This paper takes up Hodgson's demand and develops a theory of capital that is based upon this business notion of capital. It also argues that the Austrian theory of capital, if interpreted correctly, can serve as a starting point. Despite the conviction of its adherents to the contrary, the Austrian theory of capital is not universal or ahistorical, but dovetails with Hodgson's vision of an approach to capital that analyses historically specific features of capitalism.
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Janiszewska, Dorota, and Luiza Ossowska. "Food Festival Exhibitors’ Business Motivation." Sustainability 13, no. 9 (April 28, 2021): 4920. http://dx.doi.org/10.3390/su13094920.
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This paper aims to present the motivation of exhibitors participating in food festivals to establish and run a business. The conducted research is an attempt to fill the gap in research on exhibitors who participate in food festivals. During three different Polish culinary festivals, 58 in-depth interviews with exhibitors were conducted. Based on the research, the main startup business motives were identified. The current goals of exhibitors’ participation in culinary festivals were also analyzed. Based on the list of motives and goals, three groups of exhibitors were distinguished with similar characteristics (starting own business, continuation of family traditions, and culinary interest). The study also takes into account the changes that have occurred between the startup’s business motives and the goals of participation in the festival (“business-business”, “business-business-business-family”, and “business-passion-passion-business”). The comparison of the initial motives for setting up a business with the current goals of participating in food festivals shows that, regardless of the initial motives, the exhibitors currently focus on business goals.
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Segal, Tatiana. "Setting up a new business – evidence from a business administration faculty." Proceedings of the International Conference on Business Excellence 13, no. 1 (May 1, 2019): 1248–60. http://dx.doi.org/10.2478/picbe-2019-0110.
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Abstract In the last decades, entrepreneurship in all of its complexity, as a basis for sustainable development, has become a major concern for a variety of socio-economic agents: legislative systems, production systems represented by entrepreneurs from all economic sectors, and education and research systems. As a result, numerous fields of studies which aim to develop an entrepreneurial spirit among youth and to prepare students for entrepreneurship have been introduced in the educational curricula starting with high school. One of the missions of the Faculty of Business Administration in foreign languages (FABIZ) from the Bucharest University of Economic Studies is to ensure that students gain the competencies and abilities necessary for being able to open a business and become interested in a career as entrepreneurs. However, discussions with the students from FABIZ showed that only a small percentage of students are planning or have already become entrepreneurs (approximately 5% which, for some researchers such as Fayolle and Filion (2016) is considered an optimal figure). This study aims to explore the degree to which FABIZ students, with a focus on the French section, are entrepreneurs or, at least, are interested to become entrepreneurs in the near future and to analyse their fields of interests, hopes and fears, i.e. their perception of their own career.
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Palimąka, Karolina, and Jacek Rodzinka. "Students’ Attitudes Towards Starting a Business, on the Example of Students at the University of Information Technology and Management in Rzeszów (Poland)." e-Finanse 14, no. 4 (December 1, 2018): 90–103. http://dx.doi.org/10.2478/fiqf-2018-0030.
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AbstractEntrepreneurship understood as a manifestation of economic activity is an issue widely discussed in literature, especially in the field of economics. Today, a large part of society is involved in establishing and running a business, hence the shaping of entrepreneurial behaviors gains importance among all age groups, especially young people. The main objective of the conducted research was to examine the interest in starting their own business by students and to verify whether the direction of their studies or role in the group affects the students’ willingness to start a business and whether a family member runs a business influences this interest and moreover, whether capital and the idea are the two main criteria conditioning the decision.. The conclusions were based on a study, i.e. (mainly) the cross-analysis of data collected as part of a survey conducted among students of the University of Information Technology and Management in Rzeszów.
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Pauceanu, Alexandrina, Onise Alpenidze, Tudor Edu, and Rodica Zaharia. "What Determinants Influence Students to Start Their Own Business? Empirical Evidence from United Arab Emirates Universities." Sustainability 11, no. 1 (December 24, 2018): 92. http://dx.doi.org/10.3390/su11010092.
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What factors influence students to start their own business? What are the implications at the university level? This paper aims to answer to these questions and investigates, at a micro level (university), the motivation for entrepreneurial intentions among students in 10 universities from the United Arab Emirates (UAE). An online inquiry has been conducted among 500 students between April and June 2018, and 157 fully completed questionnaires were retained. Factor Analysis with Varimax (with Kaizer Normalization) rotation and logistic regression were used to identify what factors motivate students to start their own business and, from those factors, which one is determinant in this decision. Also, age and parental self-employment status were used to determine the influence of these factors. Four factors have been identified as determinants for students to start their own business: entrepreneurial confidence, entrepreneurial orientation, university support for entrepreneurship, and cultural support for entrepreneurship. Surprisingly, the only factor significantly correlated with the intention in starting a business is entrepreneurial confidence. This factor becomes even stronger when it is associated with age (20–25 years old) and parents’ self-employment status. These conclusions involve specific challenges on the university level, related to the role of entrepreneurial education and on country level, in link with the effectiveness of governmental programs to enhance entrepreneurial endeavours. Further research can explore and test these findings on a representative sample for the UAE, and for other countries.
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Sundari, P., and G. Gannasekaran. "A Study on Women Entrepreneurs in Samayapuram, Tiruchirappalli District, Tamil Nadu." Asian Journal of Managerial Science 8, no. 1 (February 5, 2019): 16–19. http://dx.doi.org/10.51983/ajms-2019.8.1.1468.
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The research paper “A study on women entrepreneurs in Samayapuram, Tiruchirappalli district”, attempts to find out the reasons for starting business by women entrepreneurs in the study area and also analyses the various business avenues open and utilize by women entrepreneurs. The paper also throws light on the income earned by women entrepreneurs and how they supporting other sources of income. It also analyse a problems faced by women entrepreneurs and the Government support for women entrepreneurs to start a business of their own. Finally a paper comes with some important findings, which are relevant to the progress of women entrepreneurship in the study area.
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BREUER, HENNING, and FLORIAN LÜDEKE-FREUND. "VALUES-BASED NETWORK AND BUSINESS MODEL INNOVATION." International Journal of Innovation Management 21, no. 03 (March 24, 2017): 1750028. http://dx.doi.org/10.1142/s1363919617500281.
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Innovation management falls short in solving urgent societal problems, if it neglects the power of networks and the values of their constituent actors. Even though network and business model innovation have been acknowledged as innovation categories in their own right, their problem-solving potential remains unexplored. In this article, we argue that purposeful innovation requires considering the shared values of those engaging in innovation processes, where values are understood as subjective notions of the desirable. Values-based innovation can motivate the development of new networks and business models that address complex societal problems, such as the unsustainability of current forms of energy supply. We present a theoretical framework and facilitation methods for values-based network and business model innovation. Both have been applied in an exemplary workshop on regional energy networks in Germany. Reflecting upon the lessons learned from theory and practice, we conclude that crucial starting points for systemic sustainability innovations can be found in values-based networks and business models.
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Soesantari, Tri, and Fahriza Isvandiari. "Bisnis Alternatif Perempuan di Era Informasi." JKMP (Jurnal Kebijakan dan Manajemen Publik) 5, no. 2 (January 29, 2019): 169. http://dx.doi.org/10.21070/jkmp.v5i2.1311.
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In order to support its roles in the domestic and public sectors, many women have the ability in using information communication technology. In the other hand, women are still exposed to gender imbalances. The position of women is not only different, but also lose or less unequal than men. This approach used descriptive qualitative to describe alternative business that gotten by women to get justice through online business. The development of information technology brings a new atmosphere, where previously the women work offline to online. Business is developed by women such as making cakes with known brands as Kampung Roti, clothing, marketing of Lapis Surabaya cake, and knitting. Starting an online business is not easier for women, struggling to master technology is not easily where women have to be familiar with software and hardware. They should also search the network to find customers and highlight their own business. Women should organize their online businesses with a technique, having the financial capital, searching the models, materials, mastering selling buying online systems, moreover also finding out what opportunities are available. Through information technology, women who work online can get equal position with men.
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Puspita, Ira, and Sayu Ketut Sutrisna Dewi. "PENGARUH PROFITABILITAS, RISIKO BISNIS DAN TINGKAT SUKU BUNGA TERHADAP STRUKTUR MODAL (Perusahaan Transportasi Periode 2012-2015)." E-Jurnal Manajemen Universitas Udayana 8, no. 4 (February 28, 2019): 2152. http://dx.doi.org/10.24843/ejmunud.2019.v08.i04.p10.
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Capital structure is part of the financial structure that keeps the balance between total debt with own capital. The high capital structure will reflect how the company's financial position. Capital structure decisions are one of the key financial decisions in financing assets and increasing business capital. This study aims to find out how the influence of profitability, business risk and interest rates on capital structure. The sample in this research is transportation company starting from 2012-2015 which amounts to 24 companies, with sampling technique using purposive sampling. Based on multiple linier regression analysis method, this research found that profitability have significant positive effect to capital structure, business risk and interest rate have significant negative effect to capital structure.Keywords: Capital structure, profitability, business risk, interest rate.
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Bailey, Catherine, and Martin Clarke. "Aligning business leadership development with business needs: the value of discrimination." Journal of Management Development 27, no. 9 (September 19, 2008): 912–34. http://dx.doi.org/10.1108/02621710810901273.
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PurposeThis paper is derived from a two‐year study that sought to provide a critical understanding of the current state of business leadership development (BLD) and to identify directions for innovative future practice. The first of two companion papers, this contribution aims to examine the issue of achieving business relevance in BLD and the quality of HR/management development strategy formulation.Design/methodology/approachThe paper analyses four organisation case studies of BLD strategy derived from interview data sourced from 103 senior line/HRD managers in 20 organisations.FindingsThe findings highlight the need for HRD managers to take a discriminating approach to linking BLD strategy, development method, evaluation and the role of management development. In particular, the cases studied reflect the importance of informal activity and politics in the execution of BLD and the positive effect of individual leadership in moderating the effectiveness of the linkages between business context, BLD strategy and its implementation.Practical implicationsThe paper provides a conceptual framework to enable practitioners to discriminate between different bundles of development practices that can, over time, be translated into behaviours that suit the changing needs of an organisation. A list of useful starting points is provided for managers to review and improve BLD strategy and practice in their own organisation.Originality/valueThe paper provides a framework that shows the importance of different development populations, different sponsors, interest groups and strategic timeframes in enabling more informed discussion about the strategic alignment of BLD.
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Phillips, Michael, John Volker, and Susan Cockrell. "A student-managed investment fund course design structure." Managerial Finance 46, no. 4 (March 7, 2019): 473–80. http://dx.doi.org/10.1108/mf-03-2018-0121.
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Purpose The purpose of this paper is to provide a detailed framework of goals, processes and solutions that can serve as a starting point for instructors in designing their own student-managed investment fund (SMIF) course experience that is relevant for all undergraduate business majors. Design/methodology/approach The design is suitable for a wide audience without prior equity investment expertise, lead to equity portfolio management competency and concentrate heavily on the understanding of the elements of a competitive business model. One noteworthy aspect of the proposed pedagogy is that it does not require a text, uses only real-world resources and is flexible in its execution. Findings The proposed pedagogy has achieved long-term success by consistently exceeding performance expectations. Originality/value According to the extant literature, many SMIFs are restricted to only a few students, develop skills unevenly across class participants, or are not formally organized or executed. There is a lack of in-depth and specific resources available in the extant literature to assist course designers in an SMIF design and execution. This manuscript fills this void by providing a detailed framework of goals, processes and solutions that can serve as a starting point for instructors in designing their own SMIF course experience.
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Mulu-Mutuku, Milcah Wavinya, Dolphine Odero-Wanga, and Adijah Ali-Olubandwa. "Female Entrepreneurship in Kenya: How do Female Micro-Entrepreneurs Learn to be Entrepreneurial?" Case Studies in Business and Management 2, no. 1 (March 26, 2015): 1. http://dx.doi.org/10.5296/csbm.v2i1.6809.
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There is renewed interest in female entrepreneurship as policy makers recognize the importance of social inclusiveness in economic development. Women’s involvement in entrepreneurship is applauded as a necessary precursor to economic growth of developing nations despite women under-representation among business owners. Many factors have been blamed for this under-representation among them, socialisation and lack of motivation in choosing entrepreneurship as a career option. In Kenya, women entrepreneurs have low levels of education; are in need of business knowledge and skills yet unable to pay for business development services; and are affected strongly by patriarchal structures especially the role of husbands. Yet, some few women own growing businesses that contribute towards wealth and employment creation. This study sought to determine how women learn to be entrepreneurial and to establish hindrances to female entrepreneurial learning process. A survey was conducted on 106 women micro-entrepreneurs in the Kenyan dairy processing industry. Data were collected using semi-structured interviews and analysed using descriptive statistics. Findings showed that majority (76.9%) of the micro-entrepreneurs went into business without any prior business skills. Only 5.5% of them had training in business-related fields before starting their businesses. Another 17.6% had learnt some business skills from previous employment. Social contacts and relations were important sources of business knowledge and skills for 68.7% of them. Rarely did the respondents engage in active search of business knowledge and skills. Probably an entrepreneurship development curriculum weaved through the entire school syllabus would help in entrenching an enterprising culture among women.
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Sergiychuk, Sergiy, Olena Ishchenko, and Iryna Dubynska. "DEVELOPMENT OF BUSINESS PLANNING IN THE FIELD OF FINANCIAL AND CREDIT SUPPORT FOR SMALL BUSINESS." Economic Analysis, no. 30(1, Part 2) (2020): 140–48. http://dx.doi.org/10.35774/econa2020.01.02.140.
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Introduction. Real difficulties with financing are today one of the main problems for small business in Ukraine. Lack of sufficient capital in the majority of the population, complexity, disadvantage or inability to obtain borrowed funds hinder the development of small business. Dependence on domestic sources of funding, the problem of lack of financial resources, difficult access to financial and money markets, high levels of financial risk, limited material resources and capacity, low output - all indicate that small business needs real financial support from the state, commercial banks, venture firms and individual investors. The purpose of the article is to study and identify ways to implement business planning in the field of financial and credit support for small businesses. Method (methodology). The general scientific methods, in particular theoretical generalization - for generalization of types of the initial capital and features of financing and business planning of the enterprise idea are applied in the researched; systematic economic analysis - to justify the types of financing and the required level of business planning, which must have a future entrepreneur. Results. The prepared business plan helps start-up entrepreneurs at every stage of starting and managing their business. It can be used as a roadmap for structuring, running and developing your own business. This is a way to think about the key elements of a new business. A business plan helps to obtain financing or attract new business partners. Investors want to be sure that they will return their investment. This is the main tool of an entrepreneur to convince people to work together and invest in the development of a promising company.