Unit 9: Entrepreneurship and Small Business Management (ESBM)

Unit 9: Entrepreneurship
and Small Business
Management (ESBM)

Table of Contents
 Entrepreneurial Experiences and Background
Fostering and Hindering Entrepreneurship
 References

Entrepreneurial Experiences and Background
Fostering and Hindering Entrepreneurship
 The past experiences that an entrepreneur possesses in combination with
their cultural, religious, social background has an immense influence on
their overall entrepreneurial capabilities, with these factors having the
potential to both hinder and foster their entrepreneurship endeavours.
 The impact that past experiences and background can have towards
fostering and hindering entrepreneurship can be effectively showcased
by analysing the example of the very successful entrepreneur J.K.
Rowling, who became the first author in the history of the world to ever
achieve a net worth of over 1$ billion through her Harry Potter series of
books.
 The background and experiences possessed by an entrepreneur can have
a significantly impact on their various entrepreneurial operations due to