Entrepreneurs are people with unique vision and the ability to take risk which other people might not take. According to the statement given “Sometimes the manager of the small business does not have the capacity to operate it successfully. The owner lacks the leadership ability and knowledge necessary to make the business work”, this reflects to the situation when the entrepreneur does not have the resources, in terms of financial, physical labour. The second line reflects to the point when the
aimed to explore the most influencing factors in an entrepreneurial business creation. A review of literature identified three main schools of thought in regard to entrepreneurship and SMEs. First, a humanistic school of thought focuses on the entrepreneurs and their personal respective concerns. Accordingly, the entrepreneur's personalities and backgrounds including family, education, work experience and entrepreneurship, gender, age etc., play decisive roles in creating successful new. Second, the
INTRODUCTION Traits and Qualities of a successful entrepreneur is the differentiating factor, from any average entrepreneur. Owing to the increase in the multitude of offerings and products in the market, finding profitable ventures need not only a good idea/business plan, but also the proper frame of mind and business acumen to execute the idea. Some traits are acquired with years of experience, whereas some qualities are innate such as having an intuition about the viability of the idea after scanning
use the fund to develop more distributors and get a chance to sell more products than its competitors. Most importantly, if the startup gets enough funds, then they can use the lower price strategy to earn as much market share as it could. In this paper, I will talk about both debt and equity forms of financing. First, the debt financing,
from competitors’. As a startup offers value propositions which are often non-existent yet, it is nearly impossible to do the same analysis. Thus, authors who write about entrepreneurship, such as Ries (2012) and Blank (2012), frequently suggest entrepreneurs should quickly test hypothesis emerged in the business planning process and learn fast what works and what does not. The agility in that process can be translated in time and resource saving, which are crucial for a
A growing body of research asserts that the provision of capital through small-scale loans facilitated via rural banking reforms and microfinance initiatives is an effective policy intervention to promote self-employment. Such microfinance initiatives target individuals who face difficulty obtaining conventional loans through commercial banks, with women being a special target group. Without access to formal loans, these individuals have often had to rely on informal-sector money lenders and other
issues of concern to immigrant young women.” (“A Tribute to Grace Hoadley Dodge”, 2001). Grace Hoadley Dodge (1856-1914) was an American philanthropist. She was the founder of Teachers College, which grew out of the New York College for the Training of Teachers (“Grace Hoadley Dodge”; Selles & Noll, 2006). Selles and Noll recounted that Dodge was “one of the first women” nominated as the member of the New York Board of Education (2006). In this research paper, I will discuss why Dodge was considered
business opportunities while creating value for society." Now, taking the perspective of Goldman Sachs, they very beautifully state that the social responsibilities of a company is not just about reducing environmental footprint. They emphasize on a research at both the corporate and university level that we are at the doorstep of this next generation of employees and consumers that have specific needs at work and which are significantly different from the previous generations. Amongst these is a desire
1.1 Research Background Financial inclusion has been a topic of recent concern in many countries, both developed and undeveloped. Broadly, financial inclusion is defined as individuals and businesses have access to useful and affordable financial products and services that meet their needs transactions, payments, savings, credit and insurance delivered in a responsible and sustainable way (Swamy, 2014). In its most basic definition, financial inclusion refers to the fact that a person owns an account
consensus on the impact of microfinance on poverty reduction as the impact may differ from one socio-economic and cultural settings to another. Even though almost all the studies conducted to assess the impact of micro-finance program on the poor and women in Ghana resulted in positive outcomes, most of them use a very small sample size, and also concentrated on a particular district to arrive at a general conclusion, which literally means there is some sort of bias in the selection process as well