Three Primary Reasons For Entrepreneurs Starting Their Own Business Case Study
(a) Identify THREE (3) primary reasons for entrepreneurs starting their own business. Explain each of them. (6 marks)
The three primary reasons for entrepreneurs starting their own business are they desire to be their own boss. Besides, they also desire to pursue their own ideas, and realize financial rewards.
The first of these reasons is entrepreneurs desire to be one’s own boss. This is given most commonly. This doesn’t mean, however, that entrepreneurs are difficult to work with or that they have trouble accepting authority. On second thought, many entrepreneurs want to be their own boss because they have had a long-time ambition to own their own firm. Apart from that, they have …show more content…
(7) The dramatic increase in the number of senior entrepreneurs is attributed to a number of factors, including corporate downsizing, an increasing desire among older workers for more personal fulfilment in their lives, and growing worries among seniors that they need to earn additional income to pay for future health care services and other expenses. (8) A growing number of seniors may also see themselves as ideal candidates to start their own businesses. Many people in the 55+ age range have substantial business experience, financial resources that they can draw upon, and excellent vigor and …show more content…
S. Hamm, “The Education of Marc Andreessen,” BusinessWeek, Industrial/Technology edition, April 13, 1998: 92.
5. J. M. Hite, “Evolutionary Processes and Paths of Relationally Embedded Network Ties in Emerging Entrepreneurial Firms,” Entrepreneurship Theory and Practice 29 (2005): 113–44; R. Quindlen, Confessions of a Venture Capitalist (New York: Warner Books, 2000).
6. G. Singh, “Work after Early Retirement” (PhD diss., University of Toronto, 1998).
7. . J. A. Challenger, “As Entrepreneurs, Seniors Lead U.S. Start-Ups,” Franchising World, August 2005.
8. P. Weber and M. Schaper, “Understand the Grey Entrepreneur,” Journal of Enterprising Culture 12 (2004), 147–64.
9. T. Siebel, “Betting It All,” in Title, ed. M. S. Malone (New York: John Wiley & Sons, 2002), 84.
10. J. H. Boyett and J. T. Boyett, The Guru Guide to Entrepreneurship (New York: John Wiley & Sons, 2001), 16.
11. J. Cope, “Toward a Dynamic Learning Perspective of Entrepreneurship,” Entrepreneurship Theory and Practice, 29 (2005): 373–97; Morris, Entrepreneurial Intensity.
12. P. Davidsson and B. Honig, “The Role of Social and Human Capital among Nascent Entrepreneurs,” Journal of Business Venturing 18 (2003):
The three primary reasons for entrepreneurs starting their own business are they desire to be their own boss. Besides, they also desire to pursue their own ideas, and realize financial rewards.
The first of these reasons is entrepreneurs desire to be one’s own boss. This is given most commonly. This doesn’t mean, however, that entrepreneurs are difficult to work with or that they have trouble accepting authority. On second thought, many entrepreneurs want to be their own boss because they have had a long-time ambition to own their own firm. Apart from that, they have …show more content…
(7) The dramatic increase in the number of senior entrepreneurs is attributed to a number of factors, including corporate downsizing, an increasing desire among older workers for more personal fulfilment in their lives, and growing worries among seniors that they need to earn additional income to pay for future health care services and other expenses. (8) A growing number of seniors may also see themselves as ideal candidates to start their own businesses. Many people in the 55+ age range have substantial business experience, financial resources that they can draw upon, and excellent vigor and …show more content…
S. Hamm, “The Education of Marc Andreessen,” BusinessWeek, Industrial/Technology edition, April 13, 1998: 92.
5. J. M. Hite, “Evolutionary Processes and Paths of Relationally Embedded Network Ties in Emerging Entrepreneurial Firms,” Entrepreneurship Theory and Practice 29 (2005): 113–44; R. Quindlen, Confessions of a Venture Capitalist (New York: Warner Books, 2000).
6. G. Singh, “Work after Early Retirement” (PhD diss., University of Toronto, 1998).
7. . J. A. Challenger, “As Entrepreneurs, Seniors Lead U.S. Start-Ups,” Franchising World, August 2005.
8. P. Weber and M. Schaper, “Understand the Grey Entrepreneur,” Journal of Enterprising Culture 12 (2004), 147–64.
9. T. Siebel, “Betting It All,” in Title, ed. M. S. Malone (New York: John Wiley & Sons, 2002), 84.
10. J. H. Boyett and J. T. Boyett, The Guru Guide to Entrepreneurship (New York: John Wiley & Sons, 2001), 16.
11. J. Cope, “Toward a Dynamic Learning Perspective of Entrepreneurship,” Entrepreneurship Theory and Practice, 29 (2005): 373–97; Morris, Entrepreneurial Intensity.
12. P. Davidsson and B. Honig, “The Role of Social and Human Capital among Nascent Entrepreneurs,” Journal of Business Venturing 18 (2003):