Why People Say No to Entrepreneurship?

a comparative study (Gaspar,

2008)
If you want people to create startups, you need them to be willing to do so,
otherwise, they wont see business opportunities even if they step on them.
Non-entrepreneurs give greater importance to responsibility, dealing with
staff, lack of experience and to the long hours they think are required to
create a company
Non-entrepreneurs believed were less confident in their capacities than
potential entrepreneurs, in every item, building a network of contacts,
developing new products, leadership and communication, problem solving,
creativity, and identifying business opportunities.
The Social Dimensions of Entrepreneurship
Past research addressing issues such as management, organization
development and innovation has for a long time focused on mature,
predominantly large enterprises. Small and medium-sized firms (SMEs) have
typically been ignored
The Role of Risk-Taking in Singapore
Entrepreneurs are able to give up job security and take specific kinds of risks
related to launching a new venture because they have confidence that they
will either succeed or be capable of carrying on a successful career.
Risk is more productively seen as a decision-making variable.
The third school sees risk behavior of Chinese entrepreneurs as contextual
and driven by environmental factors.
The Report argued that contemporary Singapore has a low tolerance for
failure.
Failure at the job or in business will mean castigation and ruin
Talented professionals select safe jobs with large multinational corporations
With full-employment, high salaries, and job security in both the public and
private sectors, there have been no push factors for graduates and
professionals to start their own business ventures.
Resistance to change
Resistance is equivalent to inertia, as the persistence to avoid change
inertia and thus resistance are not negative concepts in general, since
change is not inherently beneficial for organizations. Even more, resistance

could show change managers certain aspects that are not properly
considered in the change process.
Leadership inaction, sometimes because leaders are afraid of uncertainty,
sometimes for fear of changing the status quo
By resistance to change we understand any phenomenon that hinders the
process at its beginning or its development, aiming to keep the current
situation.
We would suggest that managers should pay special attention to certain
topics. First, to reduce resistance caused by deep-rooted values, managers
should consider how much organizational culture fits with change objectives
and what could be done to improve such fit before the change process starts.
This cultural consideration would also help to bring employees and
management interests closer and to avoid organizational silence.
Another key aspect in change seems to point towards training. Training would
be a good tool to surpass communication difficulties and thus avoid
resistance caused by communication barriers, as well as to help reduce the
gap between the present situation and the capabilities required for the
change process.
Policy and laws affect entrepreneurship
Wealth is an important factor responsible for self-employment.
Need for wealth taxes to be reduced so that entrepreneurs can feel more
financially secure and have more incentives to invest. Income tax cuts should
help wealth accumulation.
It shows that entrepreneurs with limited liability protection tend to use more
financial leverage because they have more wealth outside of their firms.
Entry regulation as a barrier to entrepreneurship
We find that costly regulations hamper the creation of new firms, especially
in industries that should naturally have high entry.
There is a growing view that costly regulations impede the setting up of
businesses and stand in the way of economic growth.
the rate of new corporation creation in naturally high-entry industries is
relatively lower in countries with higher entry costs, suggesting that these
costs matter. they matter most in richer countries, or countries that are not
corrupt, where the regulations on the books are more likely to be enforced.
Culture and entrepreneurship
low levels of education, low asset levels, smaller probabilities of having selfemployed parents, demographic trends, and discrimination all have been

cited as reasons for the limited level of entrepreneurship

Bankruptcy laws affect entrepreneurship development around the
world
We posit that if bankrupt entrepreneurs are excessively punished for failure,
they may give up potentially high-return but inherently high-risk
opportunities to start new businesses.
we find that lenient, entrepreneur-friendly bankruptcy laws are significantly
correlated with the level of entrepreneurship development as measured by
the rate of new firm entry.
Some countries provide only limited protection for entrepreneurs and
managers of bankrupt firms, while others have more entrepreneur-friendly
bankruptcy laws.
Corporate bankruptcies are common. While all entrepreneurs are interested
in success, unfortunately a majority of their ventures fail and many end up in
bankruptcy. A challenge confronting policymakers around the world is: How
to facilitate more entrepreneurship development in the face of such odds
against entrepreneurial success?

3 effective strategies for eliminating fear

comfortable in my job so taking the leap was a scary thought.
Then, the responsibility to deal with un- certainty beyond the boundary of the
job will be transferred to the superior, and the worker does not have to take
the responsibility. This is why he receives a fixed wage. The top is the true
entrepreneur in a large organization.
On the other hand, when compared with hierarchic organizations, peer
groups have two disadvantages. The first is :hat both the cost of decisionmaking and that of communication are large

Why do people start new businesses?

When lucrative non-entrepreneurial job opportunities are available, the NE
becomes more likely to exit the business planning process when easily
attracted to a high-paying job with a salary from day one

Are we committed to teach entrepreneurship in business?

Since educators teaching behaviour contributes to their effectiveness as
teachers, their commitment to teaching entrepreneurship and institutional
support received by them for discharging their duty as entrepreneurial
teachers and mentors becomes an important
the commitment of the faculty teaching entrepreneurship and the level of the
institutional support provided to them
Other scholars have opined that entrepreneurship education includes a set of
programmes oriented to inform, train and educate anyone interested in
entrepreneurship and to create awareness for the need of starting new
businesses
Kolvereid and Moens (1997) finding that an entrepreneurship graduate has
higher intention of starting a business than a business management graduate
is on the same lines.
Clark et al. (1984) conducted a study to determine the contribution of
teaching of entrepreneurship in the new venture creation process and found
that a positive relationship exists between the two. In the same vein,
Ronstadt (1987, p. 39) suggested that strong indications exist that an
entrepreneurial education will produce more and better entrepreneurs than
were produced in the past.
to effectively deal with a multi-disciplinary area like entrepreneurship, the
teacher needs to possess knowledge and understanding of various subjects in
management and other disciplines (Bennett, 2006; Binks et al., 2006; Tan
and Ng, 2006); it has been suggested that the absence of wide-ranging
knowledge acts as one the major hurdles to effectively teaching
entrepreneurship (Sexton and Bowman, 1984, cited in Bennett, 2006, p.
172).

Entrepreneurship Education and training

Jamieson (1984) has suggested a three-category framework by which to
organise entrepreneurship education

Interest in entrepreneurship
This spells the need for universities to introduce entrepreneurship subjects to
non-business disciplines