The Nexus between Entrepreneurship and Personal Environment
Added on 2020-05-11
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Running head: The Nexus between Entrepreneurship and Personal Environment 1The Nexus between Entrepreneurship and Personal EnvironmentbyCourse:Tutor:University:Department:16 October 2017Word Count: 2,145
The Nexus between Entrepreneurship and Personal Environment 2EXECUTIVE SUMMARYThis report attempts to examine the contemporary issue that affects the success of start-upventures. The aim of this report is to provide an understanding of the factors that any futureentrepreneur should consider before initiating any start-up business to take precautionarymeasures and thus increase the success rate. This report investigates one contemporary issuethat is the personal environment. To offer an in-depth understanding of this present issue fourcomponents of the personal environment have been discussed namely enterpriseCharacteristics, Human capital, Prior experience, and entrepreneur characteristics. Variousaspects of each element are considered as well. After which a conclusion is derived from thestudy.
The Nexus between Entrepreneurship and Personal Environment 3Table of ContentsINTRODUCTION......................................................................................................................5CHARACTERISTICS OF THE ENTERPRISE........................................................................6i. Size of the start-up............................................................................................................6ii. Business age....................................................................................................................6iii. Organizational structure.................................................................................................6iv. Society links...................................................................................................................6v. Competitiveness and products and services....................................................................6HUMAN CAPITAL...................................................................................................................8ENTREPRENEUR CHARACTERISTICS.............................................................................10i. Proficiencies, abilities, and skills...................................................................................10ii. Age................................................................................................................................10iii. Family upbringing........................................................................................................10iv. Education......................................................................................................................11PRIOR EXPERIENCE.............................................................................................................12i. Work-related experience................................................................................................12ii. Experience of business ownership................................................................................12iii. Relevant experience.....................................................................................................12CONCLUSION........................................................................................................................14References................................................................................................................................15
The Nexus between Entrepreneurship and Personal Environment 4List of FiguresFigure 1: Drivers of the entrepreneurial process..................................................................................9
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