Factors Motivating Romanian Entrepreneurs to Set Up Business in the UK

This dissertation explores the factors that motivate Romanian entrepreneurs to set up business in the UK. It examines the importance of motivation, identifies motivating factors, and determines the challenges faced by Romanian entrepreneurs. The study aims to provide insights into the entrepreneurial activity between Romania and the UK.

Business and
Management
Dissertation

Table of Contents
TOPIC .............................................................................................................................................1
A) INTRODUCTION......................................................................................................................1
Overview of project area ............................................................................................................1
B) Theoretical Background and Research Focus ............................................................................1
Literature Review .......................................................................................................................1
Research Aim .............................................................................................................................5
Research Objective .....................................................................................................................5
Research Questions ....................................................................................................................5
C) Justification and Contextualization.............................................................................................5
Project Rationale ........................................................................................................................5
D) Methodology ..............................................................................................................................6
Research Philosophy ..................................................................................................................6
Research Approach ....................................................................................................................7
Methodology and Research Design............................................................................................7
Data Collection Method .............................................................................................................7
Data Analysis..............................................................................................................................8
Ethics ..........................................................................................................................................8
Sampling ....................................................................................................................................8
Limitations .................................................................................................................................8
E) Bibliography ..............................................................................................................................9
REFERENCES..............................................................................................................................10

TOPIC
“Examining the factors that motivate Romanian entrepreneurs to set up business in the
UK”
A) INTRODUCTION
Overview of project area
The aspect of Entrepreneur and Entrepreneurship became one of the most familiar
concept in current market across the globe because they are tend to be linked with economic
development. For achieving success, motivation and challenges are two importation component
which is directly associated with entrepreneurial activity. Hence, motivation is viewed as
essential factor for empowering an individual to reach to their desired goal within prescribed
time duration. Likewise, in relation to entrepreneur, this concept also play a vital role as they are
powerful drivers for enriching economic state by generating employment opportunities, adopting
innovation and many more (Acs, Szerb and Autio, 2017). Due to such action, it influenced the
condition of any particular community or society in a positive way as it improve their living
standard in a better mode. In relation to this research, it is wholly emphasise over motivating the
Romanian entrepreneur for setting up the business in UK industry. As per the recent research, it
has been identified that Romania is a first country in European Union who take initiative in
running own business and it was around 32.7%. This rate is more than double the average within
the European Union. Hence, in this study, it covers research aim, objective, question which
provide proper direction and guidance for completing the project in an impressive way,
Additionally, various ideas related to research title is expressed in the form of literature review.
Finally, explanation of various methodology which current research study implies for developing
valid and authentic report in a stipulated time duration.
B) Theoretical Background and Research Focus
Literature Review
To understand the importance of motivating Romanian entrepreneurs in terms of establishing
business.
According to Marianne Chrisos, 2018, Entrepreneurs is the one who take an initiative to
start up the new business venture with an aim of bearing all sort of risk and profit by its own.

The role of entrepreneurs plays a significant role in the aspect of enhancing the economic
situation as it generate various benefits like enormous job platforms, accessing to innovative
technology, enhancing the well being of society and etc. This is because, the primal function
which majority of the entrepreneurs implies within their entrepreneurial activities are innovation
and risk taking. Due to which, it lead them to face all current or emerging threat and challenges
in an improved or amended style without any hindrances (Cumming and Zahra, 2016). IN the
perspective of entrepreneurs, there are various factors which empower them to run their own
business venture such as financial support, enough resources, manpower, capital and other. With
the allocation of these resources in a proper manner, it lead them to obtain profit maximisation
within prescribed time limit in competing marketplace. Hence, the term entrepreneurship is
becoming very familiar in Romanian culture as it has been tend that they have the great
potentiality to become of the most successful and vibrant entrepreneurs among competitors in
this current era of competitive world. Each entrepreneurs are different and unique from each
other in regard of personality, attribute, way of performing activities and many more.
Furthermore, as per current scenario of UK marketplace reason that shows that it plays a huge
influence over its economy for inviting the Romanian entrepreneur within their industry (Role of
Motivation in Entrepreneurship, 2018). This is because, the UK economy is underperforming in
compare to other European competitors and the state realises that to enhance the growth level in
economy, they must take an effort to support small business in its location. The primal
determinant which UK acquired by motivating Romanian entrepreneurs in its market is that it
help them to reduce the turnover ratio as it is one of the topmost issue that UK economy
undergoes. So, by making an initiative by Romanian entrepreneurs assist UK to enrich its overall
turnover ratio in an improved mode. The another aspect which impose great advantage over UK
with the initiation from Romanian entrepreneur is that provide extreme level of job creation to
individuals that improves the standard of living in a better way. In perspective of business
growth, Romanian ventures enable UK to acquire high level of productivity and profitability
ratio among competitors in a desired time duration. Along with this, it explore the utilisation of
innovative or artificial intelligence technologies in every sector of organisation. With the help of
such positive outcome, it has been examined that it is important for UK to motivate Romanian
entrepreneurship within their nation.

To identify the factors that motivate Romanian Entrepreneurs to setting up their business within
UK.
In the views of Razvan Creanga ,2019, In addition to this, entrepreneurial motivation is
considered as one the essential element as it is viewed as a factor which stimulate an individual
to take an initiative in accomplishing their goal in an effective way. However, it is defined as a
process or procedure which transform or modifies an ordinary individual to successful
businessman. This is because, it encourage them to identify own opportunity and help them in
maximising their wealth and economic development. Additionally, motivation make
entrepreneur by fulfilling higher level of needs like recognition, self esteem, self actualization
and many more (Davies and Chambers, 2018). However, there are several reasons which proves
that motivating a Romanian entrepreneur to trade their business within UK marketplace brings
increased level of advantage to nation economy and well being of community. The one of the
foremost component behind this initiation is that as UK economy is being increasingly
integrating their business activities with many geographical region due to globalisation. As, this
aspect is defined as a process or procedure for integrating and interacting with various nation,
government without any trade barriers. Along with this, various other factors that also signifies
that Romanian entrepreneur are getting encouraged to introduce their business venture within
UK. This is because, it impose various benefits to newly established entrepreneurs like highly
access to innovation in companies, enormous employment opportunities, increase the rate of
competition between companies and so on (3 Factors to Consider When Deciding to Launch a
Business in the U.K. or Eastern Europe, 2019). In addition to this, another aspect which motive
Romanian entrepreneurs to set up their brand in UK region is introduction of Brexit. Hence, in
present era of marketplace, Brexit brings different kinds of benefits in several fields like
political, economical, social, technological, legal and etc. Therefore, the idea of encouraging
Romanian entrepreneurs within UK is considered as one of the effective step as it enable them
to attain sustainable growth and development by the availability of Brexit and globalisation.
Along with this, another factor is political stability of UK also benefit Romanian Entrepreneur to
trade their functional unit in an innovative or productive style. Due to such advantages,
Romanian entrepreneur can place their brand in an aggressive and competitive position among
competitors within prescribed time duration without any obstacles as well as trade barriers. Apart
from this, in UK companies can easily acquire highly skilled or talented manpower at less cost

that drove Romanian entrepreneur to set up their business in UK marketplace. However, by
obtaining skilled and capable personnel enable Romanian entrepreneurship to gain competitive
advantage among competitors within competing industry. Additionally, one of the essential
aspect which every entrepreneurial activity requires is that containing enough amount of
financial resources. In context of UK, it has the biggest band of capital in Europe in relation to
tech start-up funding. This is because, UK render abundance of investment scheme that
encourage Romanian entrepreneurs to acquire increased level of growth and expansion in a
stipulated time limit without any difficulty.
To determine the challenges that Romanian entrepreneurs face while introducing the new
business venture in UK.
As per the opinion of Davis Muli, 2018, In today's condition of marketplace, UK is
becoming the fastest growing economic region as it's government authority are taking initiative
to invite various entrepreneurs to establish their venture. Hence, it generate them enormous
advantages like high degree of employment opportunity, improve living standard of community,
increases level of innovation or creativity and many more. On the other hand, there are various
challenges or difficulties which restricts other regions entrepreneurs to expand their market
division into new geographical region. Due to such threat, it directly impact over UK's economy
in aspect of enlarging the ratio of overall productivity and profit margin ratio among competitors
in an effective manner (Six common challenges faced by entrepreneurs, 2018). The foremost
challenge which an entrepreneurs undergoes during processing the function of introducing their
functional activity into new geographical region is analysing the marketing strategy. Each
country has its own government regulation, rules, policies, procedures that impact over
organisation's potentiality in acquiring sustainable growth and development. The another reason
that limit entrepreneurial to process their activity of exploring the business activity is that hiring
increased level of potential and talented manpower. This is because, recruiting capable personnel
require huge amount of money and resources that influence company in negative manner. As the
contribution and effort of manpower help establishment to cope up with all sort of existing or
upcoming threat or rivals in a smooth manner (Fairlie and Fossen, 2018). Moreover, it help
company to place their brand in an aggressive and competitive position within prescribed time
duration. Another factor which resist Romanian entrepreneur to enlarge their market share or size
is finding appropriate customer for attaining impressive level of sales performance. This is

because, consumers demand varies from time to time and also as per market trend that impose
huge stress over firm in improving the sales volume in competing marketplace. Therefore, taking
corrective course of action help UK to improve its economy and also can can obtain profit
maximisation in an efficacious or expeditious way.
Research Aim
The research aim is to “ To examine the factors which motivate Romanian entrepreneurs
to set up business in the UK”.
Research Objective
 To understand the importance of motivating Romanian entrepreneurs in terms of
establishing business.
 To identify the factors that motivate Romanian Entrepreneurs to setting up their business
within UK.
 To determine the challenges that Romanian entrepreneurs face while introducing the new
business venture in UK.
Research Questions
 Why is it essential to understand the importance of motivating Romanian entrepreneurs in
terms of establishing business?
 What are the factors that motivate Romanian Entrepreneurs to setting up their business
within UK?
 What are the challenges that Romanian entrepreneurs face while introducing the new
business venture in UK?
C) Justification and Contextualization
Project Rationale
The main reason behind choosing this topic is to investigate the motivating factors that
impact and influence Romanian entrepreneurship to set up their business in UK marketplace. IN
present situation of industry, each nation and region are being highly competitive and
challenging in terms of acquiring better position. By conducting this study, it enable researcher
to obtain various factors or competence that bring positive outcome in UK economy. Moreover,
it also assist them to understand the importance of inviting Romanian entrepreneur inside united
Kingdom market. It has also been identified from organising present study on such type of field

is that for attaining substantial growth and development, expanding the market share into new
location plays a significant role and render enormous amount of benefit for both company and
nation economic enrichment. IN addition this, from this report, it has been evaluated that there
different types of threat or rivalries which restrict or keep new entrepreneurs to trade their
entrepreneurial activity into different location. Henceforth, an impressive and productive
motivation help entrepreneur to explore their market sector to various region without any barriers
and issues. Moreover, they can easily improve the potentiality of surviving within industry for
longer time duration with less number of obstacles or hindrances. Apart from this, with the help
of conducting current study, investigator is able to acquire information or knowledge about
different types of collecting data as well as to conduct a refresh. With the utilisation of suitable
or relevant techniques within research, it enable researcher to obtain valid and authentic report in
a desired time period without any difficulty.
D) Methodology
Research methodology refers to the systematic process used to gather accurate information with
purpose to make accurate decision. Under this part of research, different number of research
methods and approaches will be used such as qualitative and quantitative investigation, primary
and secondary method of data collection, research philosophies, research approach and so on.
These methods will be explained as below:
Research Philosophy
This is important and essential part of research methodology which is mainly classified
into two different sections such as interpretivisim and positivism. Within an investigation,
positivism type of research philosophy will be used by investigator. Main reason behind
selecting such type of philosophy as it assist in gathering of reliable data from the primary data
collection source i.e. questionnaire (Han and McKelvey, 2016). On the other side, interpretivisim
is consider another kind of philosophy but according to this study, it is not appropriate. This type
of philosophy needs maximum number of resources and also take additional time of investigator
which is not beneficial for this study.
Research Approach
There are essentially two approach within an investigation which are inductive and
deductive. Among such type of approaches, deductive approach is more suitable and used by

investigator for doing investigation over interesting topic i.e. “Examining the factors that
motivate Romanian entrepreneurs to set up business in the UK. This approach of research helps
researcher to gather valid information easily. Inductive approach of study is not much
appropriate for doing this research because it is mainly based on observation.
Methodology and Research Design
Methodology: There are two research methodology such as qualitative and quantitative.
Both type of methodology are important but for conducting research over selected topic,
quantitative method of research will be applied. As this method helps investigator to collect
information or data in accurate manner. Questionnaire will be applied for collecting quantitative
information or data in detailed way. On the other hand, qualitative research method is not useful
according to current research because it consume more time and cost of investigator
(Hoogendoorn, 2016).
Research design: This is important and essential part of investigation as it support
researcher in determination of research impact. Experimental, exploratory and descriptive are
introduces three types of research design. Among this kind of research design, descriptive design
will be going to used by investigator. Main reason behind selecting this design within an
investigation as it helps researcher to draw valid conclusion and gain better outcomes. On the
other side, experimental and exploratory research design are not useful according to this research
because it not help researcher in driving of appropriate and valid conclusion.
Data Collection Method
Data collection refers as an effective process of collecting and measuring data on
variables of interest in order to answer stated research questions and evaluate outcomes. In order
to gather information there are basically two methods i.e. primary data collection and secondary
data collection (Ibidunni, Peter and Ogbari, 2017). Both are consider best methods of data
collection and used by researcher for collecting primary and secondary information about the
different factors that motivate Romanian entrepreneurs to set up business in the UK. Under
primary data collection method, questionnaires is more suitable source which will be going to
applied in this research. As this instrument support in collection of valid as well as reliable
information regarding the selected research topic. Secondary data collection is another effective
source of data collection which will also used for gathering information regrading the various
factors that motivate Romanian entrepreneurs to set up business in the UK. In secondary data

collection, books, magazines, articles, publication research etc. methods will be going to applied
by investigator for gathering secondary information in detailed and in-depth manner.
Data Analysis
Thematic analysis will be used for analysis information or data about the chosen topic. It
is consider as an analytical tool which support in analysation of appropriate and valid
information. Under this, different themes will be made which assist researcher to easily analyse
information. Thematic analysis is important method for analysing quantitative information in
accurate and appropriate manner (Johannisson, 2018).
Ethics
This is another important part of study which is based on different principles of ethics
such as objectivity, carefulness, confidentiality, legality, responsible publication, respect for
intellectual property, honesty and integrity, and many other. These are major principles of
research ethics which helps investigator to do each activities or task of investigation in ethical
and systematic manner. These ethics will also support researcher in completion of research in
effective as well as in accurate manner.
Sampling
There are two techniques of sampling such as probability and non-probability. According
to this investigation, probability method of sampling will be followed. As this technique support
investigator to select sample size on random basis. 30 respondents will be selected by using
probability sampling. Main reason behind selecting this sampling technique as it save both time
and cost of researcher. Non-probability is another technique of sampling which is not used
because it consume more time and require maximum resources (Kasemsap, 2016).
Limitations
There are certain limitations which will be going to faced by researcher while collection
of information and completion of entire activities of research. It includes lack of fund, improper
behaviour of respondents, lack of resources, insufficient time etc. These limitations have
negative impact on researcher while completion of study in systematic manner.
E) Bibliography

REFERENCES
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<https://www.techfunnel.com/martech/role-of-motivation-in-entrepreneurship/>
3 Factors to Consider When Deciding to Launch a Business in the U.K. or Eastern Europe,
2019.[Online].Available Through; <https://www.entrepreneur.com/article/331137>
Six common challenges faced by entrepreneurs, 2018.[Online].Available Through;
<https://www.standardmedia.co.ke/evewoman/article/2001299480/six-common-
challenges-faced-by-entrepreneurs>