Youth Entrepreneurship: Motivational Aspects and Economic Effects

Egorov, E. E.; Lebedeva, T.E.; Prokhorova, Maria P.; Shobonova, L Y; Bulganina, Svetlana Viktorovna

doi:10.1088/1755-1315/272/3/032129

Cited by 4 publications

(4 citation statements)

References 10 publications

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“…Fostering entrepreneurship from a young age is a factor that ensures the long-term economic growth of a country [19]. The topic of youth entrepreneurship was a study subject for many researchers [20][21][22][23][24][25][26][27][28].…”

Section: Entrepreneurial Education and Sustainable Developmentmentioning

confidence: 99%

The Interest Shown by Potential Young Entrepreneurs in Romania Regarding Feasible Funding Sources, in the Context of a Sustainable Entrepreneurial Education

et al. 2023

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Among the most important factors that favor the development of a sustainable business environment are the sources of financing and the skills developed by the higher education system, according to recent studies. To align with these, several universities have started providing entrepreneurship knowledge. Are these sufficiently well-known by the students in Romania? The current paper aims to carry out an in-depth analysis of concepts. The primary objective of this study is to explore the most relevant sources of entrepreneurial financing in the context of a sustainable entrepreneurial higher education. For such an endeavor, quantitative research was conducted, being designed and distributed through a questionnaire. Data were collected from a sample of 285 students of Transilvania University in Brasov interested in entrepreneurship. Results indicate that the main sources of entrepreneurial financing are retained earnings/profit, personal sources, supplier credits, European funds, loans (bank credits), leasing, and business angels. Evidence shows that most respondents assert great confidence in European funds. Notably, the entrepreneurial qualities of the founder are one of the enablers of a successful and sustainable business. Additionally, this research opens new ways of collaboration between the academic and the business environment to better train future professionals in the economic field.

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Section: Entrepreneurial Education and Sustainable Developmentmentioning

confidence: 99%

The Interest Shown by Potential Young Entrepreneurs in Romania Regarding Feasible Funding Sources, in the Context of a Sustainable Entrepreneurial Education

et al. 2023

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“…A part of the education or training provided to entrepreneurs is information about the sponsors and institutions providing support and assistance for entrepreneurship. Therefore, the lack of education and the unawareness of supporting organizations are the results of the absence of entrepreneurial education or training (Egorov et al, 2019). Wagdi and Hasaneen (2019) found that the lack of management and accounting skills is one of the most critical challenges entrepreneurs face.…”

Section: Msar 32mentioning

confidence: 99%

“…The awareness of the entrepreneurship concept is critical (Ceptureanu and Ceptureanu, 2015). Entrepreneurs are viewed negatively by society due to the lack of awareness of their truth and importance (Egorov et al, 2019). In some societies, entrepreneurship is considered option individuals take when they cannot find a good job or do not have a college degree (Choto et al, 2014).…”

Section: Msar 32mentioning

confidence: 99%

On the interplay between the entrepreneurs' challenges and the business performance: empirical study and evidence from emerging economies

Abdallah¹,

AL‐Shboul

2023

MSAR

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PurposeThis study aims and tries to identify and examine the effect of the entrepreneurs' challenges factors (i.e. financial, governmental, personal, educational social and cultural, infrastructural, operational, ethical, and Covid-19) on entrepreneurs' business performance in Jordan country as an emerging economy. Further, try to clarify and identify the main critical factors that affect an entrepreneur's business performance.Design/methodology/approachA quantitative methodology was used by conducting web-based survey questionnaires with 178 useful responses out of 443 entrepreneurs listed in the Chamber of the industry of Jordan, representing a 40.2% response rate. Data were analyzed by using Statistical Package for the Social Sciences (SPSS) Sofware.FindingsThe results of this study confirmed the existence of an inverse relationship between entrepreneurs' challenges and entrepreneurs' business performance. The Covid-19 challenges and governmental challenges were found to be the most affecting on entrepreneurs' business performance, whereby the personal challenges had no impact on entrepreneurs' business performance.Research limitations/implicationsThe study provides a clear classification of entrepreneurs' challenges, which can be useful for both researchers and entrepreneurs.Practical implicationsThis study developed some recommendations that emphasized the government's role in promoting entrepreneurship and supporting entrepreneurs.Originality/valueThis study attempts to define and clarify the impact of entrepreneurs' challenges on their business performance. In addition, this study can be used to promote entrepreneurship and an innovation-stimulating environment through decision-makers.

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“…Corporate entrepreneurship is associated with the process of managing professional organization, leadership, workforce, and teamwork. The role of young people who enter the world of business and encounter the process of corporate entrepreneurship is also important, (Egorov et al, 2019). Drucker (2005) believes that every large enterprise must be able to do three important things at the same time -to improve, expand, and innovate.…”

Section: Contemporary Trends In Entrepreneurship and Business Practicementioning

confidence: 99%

Development of a youth entrepreneurship model for sustainable business growth

Bakator¹,

Đorđević²,

Terziovski³

et al. 2022

JEMC

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The challenges brought by the COVID-19 pandemic and the changes in the globalized market significantly affect the way business is conducted. The modern business environment is characterized by the fourth industrial revolution - Industry 4.0. The role of technology is increasing, and the pandemic accelerated the application of information-communication technologies and the need for sustainable development and sustainable business. These changes and the global economic challenges point towards entrepreneurship as an important driver of technology development, innovation, and overall economic growth. Entrepreneurship and youth entrepreneurship can positively affect economic development. It reduces unemployment rates, increases the standard of living, and supports economic growth. In this paper, a youth entrepreneurship model for sustainable business growth is developed. The goal was to identify influencing factors on youth entrepreneurship development and sustainable business. The research approach included a thorough analysis of available data and analysis of the existing body of literature in the domain of entrepreneurship, youth entrepreneurship, sustainable development, Industry, and Industry 5.0. The findings indicate that youth entrepreneurship is influenced by a wide array of factors, most notably age, close social environment, attitudes, and awareness of incentive means. Furthermore, the developed model provides a significant insight into what major factors and sub-factors can affect youth entrepreneurship and sustainable business. It can be concluded that entrepreneurial education, a stimulating environment, and an entrepreneurial economy can significantly influence youth entrepreneurship and sustainable business growth. These findings are important for government policies and strategies when it comes to youth entrepreneurship and sustainable business growth.

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Youth Entrepreneurship: Motivational Aspects and Economic Effects

Cited by 4 publications

References 10 publications

The Interest Shown by Potential Young Entrepreneurs in Romania Regarding Feasible Funding Sources, in the Context of a Sustainable Entrepreneurial Education

The Interest Shown by Potential Young Entrepreneurs in Romania Regarding Feasible Funding Sources, in the Context of a Sustainable Entrepreneurial Education

On the interplay between the entrepreneurs' challenges and the business performance: empirical study and evidence from emerging economies

Development of a youth entrepreneurship model for sustainable business growth

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