Year: 2023
Family businesses differ from non-family businesses in a number of ways, and because they are so significant to the global economy, more research is necessary to determine the best ways to support their expansion and survival. Even though family businesses are common, they still need to actively participate in entrepreneurship education and training programs to remain competitive in the ever-changing business world. Studies re...
The Importance of Governance and Mentoring in Inspiring Students to Pursue Entrepreneurship
Governance and mentoring are important for inspiring students to pursue entrepreneurship because they provide guidance, support, and resources for students to develop and implement their business ideas. Governance refers to the policies and regulations that govern the actions of organizations and individuals. It helps to create a framework for entrepreneurship by setting guidelines for business operations and protecting the ri...
Theoretical Frameworks for Successful Entrepreneurship
Entrepreneurs have consistently faced challenges that hinder them from successfully pursuing their businesses and ensuring their survival. An entrepreneur cannot advance without conquering the obstacle that threatens to prevent them from seizing the immediate business opportunity. Depending on the situation, the person, and the location, these difficulties (factors) are experienced in various ways. The sociological, psychologi...
The Major Hurdles Faced in Entrepreneurial Growth.
Every entrepreneur strives to achieve their goals, envisions a successful venture, and has a directed attitude. As a result, they choose to adopt a passionate approach to turn a concept into a successful business that generates increasing revenues and goodwill in the marketplace. But there are several obstacles that could stand in the way of successful entrepreneurship. Therefore, an entrepreneur has no other choice but to ove...