Entrepreneurship Review
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Business Stripped Bare: Adventures of a Global Entrepreneur
Get PDFThis note attempts to review, 'Business Stripped Bare: Adventures of a Global Entrepreneur' written by Richard Branson, the legendary entrepreneur and the owner of the Vergin Group. It is an ideal business book; a book that is easy to read, distinct, practical, credible, insightful, and provides a great reading experience. It has a number of strengths. Throughout the book he uses stories to illustrate his points. Richard avoids the situation that other business books fall into - using big words and leaving the reader in confusion about what they are actually talking about. He writes it in plain language and makes the readers follow him easily. The way he explains the general ideas of people, innovation, brand, etc (the usual business terms) through his experience is unlike those typical business books that confound the readers with figures, theories, graphs, models, metaphors, and so forth
Institutional Support for Entrepreneurship Development in Bangladesh
No full textPurpose: Entrepreneurs need various support services, like infrastructural facilities, counseling, training, market promotion, information, etc. to start and run their businesses. Such services make the job easier for potential entrepreneurs to ensure a smooth start and efficient management of their businesses. The purpose of this study is to explore the institutional support facilities available for entrepreneurs in Bangladesh.
Method: This is a descriptive study based on secondary data. It provides a brief description of the relevant organizations that facilitate starting and running the business in the context of Bangladesh. Also it includes the empirical studies conducted on the performance of such institutions.
Result: There are several institutions, in one way or the other, involved in the process of entrepreneurship development in the country. But it is found that the institutions are not performing at par. They are lacking in their technical, managerial, and behavioral aspects.
Implications: In order to yield greater result these institutions should be equipped with more resources and the employees of these institutions should be trained to be more proactive in providing services to entrepreneurs indiscriminatel
Characteristics and Determinants of New Start-ups in Gujarat, India
Get PDFPurpose: This study examines the relationship of socio-economic characteristics of start-ups with their size in Gujarat, India. It also assesses the determinants affecting the annual sale of start-ups.
Methods: It includes primary information based on a survey of 120 founders of start-ups. Linear and semi-log linear regression models have been applied to assess the determinants of start-ups. Probit regression models have been considered to assess the factors affecting the annual sale of the start-ups.
Results: Stage of start-up, the participation of founders in conferences, educational qualification, and new products launched by start-ups, professional connections of founders, source of funding, and support from incubator/accelerator/supporting organizations are found crucial determinants of start-up size in Gujarat. The annual sales of the start-ups are positively associated with stage of start-up, support from a mentor, team members, founder's academic qualification, and collaboration with national or international organizations, unskilled workers.
Implications: Technology transfer and commercialization, development of new products, government regulations, the requirement of costumers, free rights for entrepreneurs, appropriate financial support for new entrepreneurs, transparency and clarity in government policies, the establishment of high-tech start-ups, and development of digital infrastructure, increase in R&D spending in research academia, and association of research institutions with entrepreneurs would be conducive to create an appropriate start-ups ecosystem and to reduce regional development disparities across Indian states. Subsequently, it would be helpful to increase sustainable development in India.
Originality: This study has used primary information of 120 founders of start-ups to assess the determinants, and the factors affecting annual sales of start-ups using the regression model in, Gujrat, India. Thus, it has an empirical contribution to the body of knowledge.
Limitations: This study could not provide rational justifications on most factors that show an insignificant impact on start-ups due to the small sample size. Further research, therefore, may be considered to identify the association of start-up size with the variables using a large sample size in India.
 
Institutional Support for Entrepreneurship Development in Bangladesh
Get PDFPurpose: Entrepreneurs need various support services, like infrastructural facilities, counseling, training, market promotion, information, etc. to start and run their businesses. Such services make the job easier for potential entrepreneurs to ensure a smooth start and efficient management of their businesses. The purpose of this study is to explore the institutional support facilities available for entrepreneurs in Bangladesh.
Method: This is a descriptive study based on secondary data. It provides a brief description of the relevant organizations that facilitate starting and running the business in the context of Bangladesh. Also it includes the empirical studies conducted on the performance of such institutions.
Result: There are several institutions, in one way or the other, involved in the process of entrepreneurship development in the country. But it is found that the institutions are not performing at par. They are lacking in their technical, managerial, and behavioral aspects.
Implications: In order to yield greater result these institutions should be equipped with more resources and the employees of these institutions should be trained to be more proactive in providing services to entrepreneurs indiscriminatel
Effect of Strategic Intent on Performance of Small and Medium Scale Printing Press Firms in Abuja, Nigeria
No full textPurpose: This study investigates the effect of strategic intent on the performance of small and medium scale printing firms in Federal Capital Territory (FCT), Abuja, Nigeria.
Methods: The population of the study included all the small and medium scale printing press in Abuja which is 226 and the sample size of 68. A multiple regression model was formulated to estimate the effect of strategic intent (vision, mission, and objectives) on performance (growth) of small and medium scale printing press firms in Abuja. The study also adopted a control variable such as finance to have a better coefficient of determination.
Findings: The study found that strategic intent had a positive and significant effect on the growth of small and medium scale printing press firms in Nigeria. The study also found that finance (collateral, access to finance, and insufficient finance) had a negative and insignificant effect on the growth of small and medium scale printing press firms in Nigeria.
Implication: Small and medium printing press firms in Abuja, FCT should communicate their vision, mission statement, and objectives to their employees. The microfinance banks in collaboration with the central bank of Nigeria should minimize collateral conditions in obtaining microcredit from microfinance banks.  
Approaches to Entrepreneurship Development
Get PDFPurpose: This article aims to provide a brief description of various approaches to entrepreneurship
Methods: The article is entirely based on the literature survey. It consults books and journal articles to trace a variety of approaches proposed by different scholars in the d-fiend of entrepreneurship
Results: It identifies seven approaches to entrepreneurship namely, Psychological approach, Demographic approach, Behavioral Approach, Socio-cultural approach, Venture facilitation approach, Entrepreneurial event approach, Multidimensional approach, Hisrich’s Decision Model, and Eclectic Model
Implications: It implies that entrepreneurship may develop through multiple avenues. The educators and policymakers should consider the lessons of different approaches to identify the potential entrepreneurs for further development and provide them with the knowledge, skills, as well as other material supports for their development. 
Approaches to Entrepreneurship Development: A Literature Survey
No full textPurpose: This article aims to provide a brief description of various approaches to entrepreneurship
Methods: The article is entirely based on the literature survey. It consults books and journal articles to trace a variety of approaches proposed by different scholars in the d-fiend of entrepreneurship
Results: It identifies seven approaches to entrepreneurship namely, Psychological approach, Demographic approach, Behavioral Approach, Socio-cultural approach, Venture facilitation approach, Entrepreneurial event approach, Multidimensional approach, Hisrich’s Decision Model, and Eclectic Model
Implications: It implies that entrepreneurship may develop through multiple avenues. The educators and policymakers should consider the lessons of different approaches to identify the potential entrepreneurs for further development and provide them with the knowledge, skills, as well as other material supports for their development. 
Financial Literacy and Women Entrepreneurs’ Performance in Lagos State, Nigeria : An Empirical Investigation
No full textPurpose: The study seeks to examine the influence of financial literacy on women entrepreneurs’ performance with particular reference to Lagos State, Nigeria.
Methods: A survey research design was employed for this study and a judgmental sampling technique was used to select 250 women entrepreneurs engaging in trading, teaching, fashion design, and agro-allied businesses. Mean, frequency, simple percentage, and least square method of estimation were used to analyze the data.
Results: The study establishes that financial literacy is a major determinant of women entrepreneurs’ performance.
Implications: The implication of this study is that if women entrepreneurs are equipped with an array of financial skills on income statement preparation, cash flow statement and cash budget preparation, the opening of a separate account for business, bookkeeping, internal control on cash, and daily cash reconciliation, they will be able to expand their businesses
FinTech and Micro, Small and Medium Enterprises Development
Get PDFoai:ojs2.riiopenjournals.com:article/76Purpose: The ease of service provided by FinTech enables Micro, Small and Medium Enterprises (MSMEs) to run business operations to overcome problems such as capital and financial convenience. This study will describe the loan and payment services by using FinTech as a solution to the survival and growth of MSMEs in Indonesia.
Method: To make it easier, we combine descriptive and qualitative research methods to explore the problem, research objectives, and affirmation of conclusions.
Results: The study has illustrated how the service of financial technology works for the survival of MSMEs. There are two facilities offered by FinTech for MSMEs in Indonesia, i.e ease in obtaining loans and ease of conducting business transactions. It adds to the opportunity for business people who use FinTech in the process of financial transactions with consumers because it can increase people's purchasing power for MSMEs products.
Implications: In payment transactions, FinTech offers convenience, innovation, security, cost-effective, and speeder transections for both sellers and buyers related to MSMEs
Effect of Strategic Intent on Performance of Small and Medium Scale Printing Press Firms in Abuja, Nigeria
Get PDFPurpose: This study investigates the effect of strategic intent on the performance of small and medium scale printing firms in Federal Capital Territory (FCT), Abuja, Nigeria.
Methods: The population of the study included all the small and medium scale printing press in Abuja which is 226 and the sample size of 68. A multiple regression model was formulated to estimate the effect of strategic intent (vision, mission, and objectives) on performance (growth) of small and medium scale printing press firms in Abuja. The study also adopted a control variable such as finance to have a better coefficient of determination.
Findings: The study found that strategic intent had a positive and significant effect on the growth of small and medium scale printing press firms in Nigeria. The study also found that finance (collateral, access to finance, and insufficient finance) had a negative and insignificant effect on the growth of small and medium scale printing press firms in Nigeria.
Implication: Small and medium printing press firms in Abuja, FCT should communicate their vision, mission statement, and objectives to their employees. The microfinance banks in collaboration with the central bank of Nigeria should minimize collateral conditions in obtaining microcredit from microfinance banks.