Entrepreneurs Face Research Articles

Predictive Effect of Eco-Anxiety and Climate Change Anxiety towards Mental Health Problems and Psychological Well-Being among Entrepreneurs

Entrepreneurs face massive challenges when attempting to create sustainable businesses in the current era. This juggling act leads to eco-anxiety and climate change anxiety, which mainly affect entrepreneurs by creating concerns and ruining creativity and progress. These issues contribute to individuals' mental health problems (MHP) and severely affect psychological well-being (PWB). With this in mind, the present study investigates the impact of eco-anxiety (EA) and climate change anxiety (CCA) on MHP and PWB among Egyptian entrepreneurs. The study applied quantitatively, gathering cross-sectional data through a survey tool. The researchers collected data using online and offline modes and a convenience sampling strategy to identify Egyptian entrepreneurs.<strong> This led to 314 valid cases from which to generate the final results.</strong><strong> </strong>The researchers applied a structural model (SEM) using analysis of moment structures (AMOS) software to obtain the results. The results of the study unveil a positive effect of EA on MHP (β = 0.539; P < 0.01) but a negative impact on entrepreneurs' PWB (β = -0.005; P > 0.01). Moreover, the study also identifies a positive effect of CCA on MHP (β = 0.667; P < 0.01) but a negative on entrepreneurs' PWB (β = -0.033; P > 0.01). <strong>The study's findings will assist policymakers and mental health professionals in developing policies regarding reducing stress, anxiety, and fears about climate change among entrepreneurs.</strong> Moreover, the study results could support entrepreneurs in bringing creativity and vision to coping strategies for EA, strengthening their PWB, and improving their ability to sustain their businesses. Finally, the study would contribute to domain literature by adding an empirical perspective from a developing nation.

Fiscal and Monetary Policy Interactions in a Model with Low Interest Rates

We provide a new Keynesian model where entrepreneurs face uninsurable idiosyncratic investment risk and credit constraints. Government bonds provide liquidity services. Multiple steady states with positive values of public debt can be supported for a given permanent deficit-to-output ratio. The steady-state interest rates are lower than the economic growth rate, and public debt contains a bubble component. We analyze the determinacy regions of policy parameter space and find that a large set of monetary and fiscal policy parameters can achieve debt and inflation stability given persistent fiscal deficits both away from and at the zero interest rate lower bound. (JEL E12, E23, E31, E43, E52, E62, H63)

Financing Indigenous entrepreneurs: A review and research agenda

Empowering Indigenous communities through entrepreneurialism is touted as key for reducing Indigenous disadvantage, but little headway has been made. One core and persistent issue is difficulty accessing finance to support growth. To understand why and to guide future policy and research, we review the current state of research on Indigenous financing and develop a thematic framework around four themes: political-economic environment; antecedents to the financing decision; financial solutions; and financial preferences, decisions and outcomes. Indigenous entrepreneurs face unique intercultural, social and economic barriers to finance, and these need to be better understood to help accelerate Indigenous community development through entrepreneurial activity. JEL Classification: G21; G28; J15; N20

Incubating innovation: the role of incubators in supporting business model innovation

Purpose The role of incubators in promoting startup growth has received close research attention, but the findings paint a conflicting picture. This study aims to reduce the ambiguity surrounding incubator impact by exploring how incubators can support startups with business model innovations – a significant growth factor for startups neglected in the incubation literature. Design/methodology/approach Using a multiple-case study design, the authors conducted semistructured interviews with incubator directors and startup founders, offering insights into their experiences. The transcripts were coded following the Gioia method. Findings This study shows that incubatees are exposed to and struggle with business model innovation. Therefore, this study explores how incubators can support startups in innovating their business models. Research limitations/implications This research reveals the importance of addressing the psychological needs of entrepreneurs in incubators. By offering emotional support, incubators can create a positive psychological environment, helping entrepreneurs face fears and challenges. This highlights the human side of entrepreneurship, which has not been considered in the incubation literature. Practical implications Incubator directors can strengthen their programmes’ impact by offering tailored support for business model innovation and facilitating network connections. Policymakers should encourage ecosystem collaboration and allocate resources to effective programmes. Originality/value This research fills a gap in the incubation literature by emphasizing the significance and need for support for business model innovation. This study also offers original insights into the psychological dimensions of entrepreneurship.

Pengaruh Strategi Marketing Mix 7P terhadap Tingkat Penjualan di Mini Kopi Green Ville

Business people today face great pressure to increase creativity in product marketing strategies to remain competitive in a dynamic market. The company's main goal is to achieve maximum profits, so understanding and implementing marketing strategies is very important. One business that is currently trending is a café. In Jakarta, many entrepreneurs are developing culinary businesses, especially cafes. However, with so many cafes, entrepreneurs face various conflicts such as declining sales and lack of visitor interest. Quantitative research is the method of choice. Utilizing a purposive testing technique and a non-likelihood examining methodology, 100 respondents were chosen for the example. This study utilizes numerous straight relapse examination. The consequences of the t test show that the factors item (X1), advancement (X3), and actual proof (X7) meaningfully affect the degree of deals (Y). This is known. However, deals level (Y) is significantly influenced by the factors value (X2), location (X4), individuals (X5), and process (X6). The consequences of the F test showed that the promoting blend factors (7P) at the same time affected where to go. As needs be, the goal of this study is to conclude the 7P publicizing mix strategy (X1) for More modest than ordinary Kopi, Green Ville's arrangements level (Y). This study's methodology is based on quantitative research techniques. The study's primary objective is to learn more about how Green Ville's Mini Kopi marketing strategy affects sales. The use of contextual analysis strategies is the essential focal point of this quantitative review. Meeting, noticing, and recording are a portion of the techniques utilized in this review to gather information.

Miwiti Creative Space Semarang: Modern Business With Fundraising Capital (Crowdfunding)

The tourism business plays a significant role in economic income, with creative spaces emerging as a notable trend in the industry. The Ministry of Tourism and Creative Economy promotes these spaces to support creative economy entrepreneurs. One critical issue aspiring entrepreneurs face is securing capital, leading to the adoption of crowdfunding methods. Miwiti Creative Spaces, a pioneer in Semarang, has explored this fundraising method. This study investigates the application of crowdfunding methods in the contemporary tourism business. Employing a qualitative descriptive method supported by documentation, the research identifies various stages implemented by Miwiti Creative Spaces in applying crowdfunding to meet their needs. The findings indicate that crowdfunding can effectively address funding challenges for new entrepreneurs. Specifically, the study reveals that Miwiti Creative Spaces follows a structured approach, beginning with identifying potential projects suitable for crowdfunding. They then plan strategically to reach potential backers, leveraging social media and other digital platforms for outreach. The process involves continuous communication with supporters to build trust and maintain interest, ensuring transparency and accountability throughout the funding period. The study underscores that crowdfunding provides a financial solution and fosters community and engagement among supporters. This can enhance the visibility and reputation of new ventures. Consequently, the research concludes that crowdfunding is a viable and beneficial method for overcoming funding barriers in the creative economy sector. This insight is valuable for policymakers and entrepreneurs leveraging crowdfunding for business development.

Factors Favoring Rural Entrepreneurship: Innovation in Action

The research analyzed the relationship between three variables: i) the factors that favor rural entrepreneurship based on the recognition of the opportunities and strengths present, ii) the barriers and challenges faced by rural entrepreneurs in the municipalities of Girardot, Ricaurte and Flandes in Colombia, and iii) aspects such as access to financial resources, existing government policies, infrastructure, technology and innovation, cultural characteristics, education, training, access to markets and business sustainability. The methodology used was participatory- action-research, where the rural community is the main axis of project development. The approach is qualitative and inductive in nature, using a non-probabilistic purposive sampling of 60 individuals distributed in the three municipalities. The information was collected through pedagogical strategies such as the application of workshops and characterization sheets with the community. Among the main conclusions of the study, it is revealed that the relevant factors for the development of rural entrepreneurship are easy and timely access to financing, business training and a strengthened infrastructure that includes technology and innovation. It is also recognized that entrepreneurs face important challenges in the marketing of their products and in managing competitiveness in order to be recognized in the market.

Strategies for social venture growth: Governing the means‐ends dynamics of social impact

AbstractGoverning the growth strategies of social ventures is one of the most significant challenges social entrepreneurs face. While social entrepreneurs strive for growth mainly to increase the social venture's impact on its key stakeholders, pursuing growth may result in mission drift with a detrimental neglect of dual mission objectives and stakeholder needs. In this conceptual article, we aim to contribute to an enhanced understanding of how growth unfolds in social ventures and how the governance of growth can prevent divergence from the venture's raison d'être in tackling stakeholder needs. Building upon the literature on organizational and social impact growth, we theorize four distinct growth strategies: benevolence‐driven, collaboration‐driven, skills‐driven, and consumption‐driven social venture growth. For each strategy, we identify underlying growth dynamics and derive principles for the governance of social venture growth. This way, we add to the emergent literature on social venture growth and dual mission management.

Crowdfunding and Social Capital: A Pathway for The Internationalization of MSMEs and Social Enterprises?

Micro and social entrepreneurs face multiple challenges, including limited access to funding, knowledge systems, networks, and markets, which limit the growth and development of their ventures. This study seeks to understand how the participation in crowdfunding and its utilization to internationalize can help micro and social enterprises address challenges through social capital. Through a narrative review of literature anchored on the resource-based and knowledge-based theories of the firm and the theory of social capital, this study finds that crowdfunding provides access to funding, knowledge systems, and networks. Moreover, the participation in crowdfunding provides access to large, international markets. However, despite these benefits, there remains challenges to micro and social enterprise participation in crowdfunding as there is low awareness and adoption in developing countries. Furthermore, there is still question on crowdfunding’s viability as an internationalization strategy. The study ends by identifying directions for future research.

Indigenous Entrepreneurship that Creates a Sense of Place in the Traditional Shopping Areas

The research aimed to investigate the tourism villages provided by indigenous people in Indonesia to create a sense of place for visitors. Indigenous communities in Indonesia were often faced with discrimination and negative stigma. However, by utilizing the potential of their cultural heritage and local resources, they created a sense of place in their tourist village. The primary objective was to understand the role of indigenous entrepreneurs in preserving tourism villages and identifying the challenges faced. The research applied a qualitative approach with a case study method and was conducted in several locations, including Pampang-Kalimantan, Sade-Lombok, and Kampung Ulos-Sumatera, representing various instances of indigenous entrepreneurs managing tourism villages. The analysis focused on the characteristics of indigenous entrepreneurship and the challenges faced. Furthermore, the data were obtained through interviews and documentation with community leaders, business actors, and key figures providing assistance to indigenous entrepreneurs. The results show that indigenous entrepreneurs play a crucial role in preserving a sense of place in the respective tourism villages. These characteristics influence the physical, social, and shared meanings constituting a sense of place. However, the entrepreneurs face various challenges in the preservation efforts, including issues related to costs, management of traditional spaces for homestays and guest houses, financial support and administration, limited management and tourism-supporting facilities, enhancing storytelling, and sustainable tourism packaging for area marketing.

Ethics from the Start: Embracing Professional Moral Courage in Entrepreneurial Decision-Making

Abstract If entrepreneurs want to create ethical organizations, moral considerations need to be embedded within the decisions they make from the onset of project creation. Prior to an ethical issue surfacing the startup founder needs to cultivate a desire to be ethical and to develop and demonstrate the requisite skills that support an ability to engage in right and/or moral behavior. Our suggested proactive approach to ethical entrepreneurship leverages extant scholarship in the areas of moral decision-making theory and positive organizational ethics. We apply these concepts by offering a process to depict how the elements of professional moral courage (PMC) can be applied as competencies to fortify a path of moral action as entrepreneurs face financial decisions. The implications of this effort underscore how the moral identity of the organization’s creator helps to form the identity of their nascent company. We conclude this article with an affirmation that scholars, practitioners, and educators must help entrepreneurs think as deeply about ethics as they do about the creation and growth of their projects, along with money and markets. JEL classification numbers: M13, L26. Keywords: Ethical entrepreneurship, Professional moral courage, Ethical decision-making, Positive organizational ethics, Organizational identity, Moral identity.

A Model for Improving Business Performance – The evidence from Women Entrepreneurs in West Java, Indonesia

Gender is an important issue in modern businesses, especially for women-owned MSEs with insufficient work experience. Research indicates that among the primary challenges female entrepreneurs face are cultural norms, gender roles, and commercial incentives. The study focuses on the challenges faced by women-owned Micro and Small Enterprises (MSEs) in East Java Province, Indonesia, particularly in terms of gender roles and commercial incentives. The research aims to improve business performance in these MSEs by analyzing their situational aspects and developing a conceptual public policy model. The findings suggest that government involvement is crucial for fostering business performance improvement in these MSEs. Women also demonstrate leadership abilities, and strategic assumptions such as business networks, centralized coaching programs, and central government roles can significantly enhance their performance. The model is based on seven major issues affecting MSE business performance, including goods, data, competency, and public policy.

Femininity penalties and rewards: obstacles and opportunities for Chinese female entrepreneurs in gender-segregated industries

PurposeThis study aims to answer two questions: (a) what obstacles and opportunities do Chinese female entrepreneurs face when doing business? And (b) how do they negotiate their entrepreneurial careers and gender identities in different gender-segregated markets?Design/methodology/approachThis study uses qualitative research methods of participant observation and in-depth interviews with 41 female entrepreneurs in China and the theoretical lenses of gender role theory and doing gender in entrepreneurship.FindingsThe study findings reveal that Chinese female entrepreneurs face different obstacles and opportunities in gender-segregated industries. Their experiences vary in industries that are mainly occupied by males and females. On the one hand, women in female-dominated industries may be supported by a feminine working environment that is coherent with their domestic roles. However, they may also be questioned on the cultural impurity implied in some industries, which harms their class-based feminine virtue. On the other hand, women in male-dominated industries may be challenged and marginalized due to their gender. However, some find ways to turn the disadvantaged feminine characters into favourable conditions and break out of the stereotypical gender constraints in doing business.Originality/valueThis study contributes to the literature on gender and entrepreneurship in general. More specifically, it contributes to the study of doing gender in gender-segregated markets, and it also illustrates women’s gendered opportunities and constraints in Chinese society that are affected by the long-lasting traditional gender norms.

Intersectional entrepreneurship: the burden of contextual embeddedness beyond the business

PurposeThis paper aims to shed new light on the contextual embeddedness of intersectional entrepreneurs, i.e. entrepreneurs situated at the intersection of multiple marginalized diversity attributes, beyond simply business strategies and decisions. Taking an emic perspective on everyday practices as intersectional entrepreneurs, it uncovers neglected dimensions of the contextuality of intersectional discriminations.Design/methodology/approachThe study presents qualitative data analysis results of in-depth narrative interviews with six intersectional entrepreneurs, all LGBTIQA* entrepreneurs with further diversity dimensions. It provides an emic view of intersectional entrepreneurs, in their everyday lives and the contexts, in which they develop their businesses.FindingsIntersectional entrepreneurs face different burdens induced by social structures along the entrepreneurial process. While access to the niche market is more difficult and they lack community support, their realization of intersectional discrimination is crucial for the development of business strategies. Simultaneously, intersectional entrepreneurs use their specific diversity attributes to develop their business, yet this proximity of their identity and the business contents has severe consequences for their mental state. Intersectional entrepreneurs adjust to the balance of opportunity and vulnerability.Originality/valueAs intersectional entrepreneurs are barred from conventional institutional support and also have limited access to resources from their respective social networks, there is an urgency to provide specific support for such entrepreneurs.

STARTUP ECOSYSTEM: THE LONG-TERM VALUE OF A SUSTAINABLE DEVELOPMENT STRATEGY FOR UKRAINE

Ukraine is a country with immense potential for entrepreneurship, but it faces significant challenges that can hinder the growth of its entrepreneurial ecosystem. This article explores the challenges that Ukrainian entrepreneurs face and how they can be overcome, as well as the role of government and other organizations in supporting entrepreneurship. One of the biggest challenges for Ukrainian entrepreneurs is access to funding. Ukraine has a developing financial market, and it can be difficult for entrepreneurs to secure loans or investments. This is com-pounded by the lack of a well-developed venture capital market, which makes it difficult for entrepreneurs to access the capital they need to grow their businesses. The article uses quantitative methods of research, modeling the influence of factors on the efficiency of the ecosystem

Capital Markets, Temporary Migration and Entrepreneurship: Evidence from Bangladesh

This paper examines international temporary migration as an intermediary step among aspiring entrepreneurs to accumulate the needed capital when they face credit constraints at home. The analysis is based on a representative dataset of lifetime employment histories of return migrants from Bangladesh. After establishing the credit constraints that potential entrepreneurs face, the paper shows that non-agricultural self-employment rates are significantly higher among returning migrants — over half versus around 20% of non-migrants. Most migrants transition into self-employment by using their savings from abroad as the main source of financing. The paper then offers, for the first time, a detailed account of the financial costs and benefits of international migration. Our findings suggest that temporary migration can contribute to structural transformation of lower-income countries by enabling credit-constrained workers to enter into non-agricultural entrepreneurship.

СОЦІАЛЬНЕ ПІДПРИЄМНИЦТВО В УКРАЇНІ: ВІД РОЗУМІННЯ СУТНОСТІ ДО РОЗВИТКУ ЕФЕКТИВНОГО БІЗНЕС-СЕРЕДОВИЩА

The article is devoted to the development of social entrepreneurship as a business that most fully corresponds to the postulates of a sustainable economy and the principles of social responsibility. It is noted that with the help of innovative and entrepreneurial approaches, social entrepreneurship solves several socio-economic problems, in particular: it creates additional jobs for socially vulnerable sections of the population, increases the level and quality of their life; increases social capital; promotes local development of territories, communities, etc. It was emphasized that developing social entrepreneurship requires systematic work and the creation of a powerful ecosystem. It is emphasized that creating an effective business environment requires understanding the needs and challenges social entrepreneurs face. Among them: an imperfect legal framework (lack of legislative acts on the regulation of social entrepreneurship); insufficient understanding of the essence of the concept of «social entrepreneurship» by civil servants, business representatives, investors, creditors, potential customers, and the public in general; insufficient access to sources of financing (loans, investments and funds of private companies); lack of information in the public space about the influence and importance of social enterprises; insufficient level of professional knowledge of social entrepreneurs. Accordingly, the creation of a favorable regulatory environment, the development of the professional potential of social enterprises, the formation of public opinion about a social enterprise, and the construction of an ecosystem are defined as key areas of support for social entrepreneurship. Developing an ecosystem involves creating a network of resources, such as funding, training programs, consulting services, and platforms for sharing experiences. An important factor is the establishment of cooperation between the participants of the ecosystem, including business, government, educational institution and non-governmental organizations, media. All this will help social entrepreneurs to develop and implement their ideas in changing market conditions.

ВЛИЯНИЕ АО «КОРПОРАЦИЯ «МСП»» НА РАЗВИТИЕ МАЛОГО И СРЕДНЕГО ПРЕДПРИНИМАТЕЛЬСТВА В РОССИИ

In recent years, Russia has seen the active development of small and medium-sized enterprises (SMEs), which are one of the key factors in the country’s economic growth. However, despite the positive trends, many entrepreneurs face problems accessing financial resources. In this regard, the state actively supports SMEs through various development institutions, including through JSC «RSMB Corporation, which provides guarantees to SMEs and covers up to 50% of the loan amount. The purpose of this study is to assess the impact of providing a guarantee to JSC «RSMB Corporation on the tax deductions of small and medium- sized enterprises in Russia. The study identified factors influencing the growth of tax deductions, and also determined the place and role of SMEs in the Russian economy.

Breaking the Glass Ceiling: A Teaching Case of a Serial Female Technopreneur's Cruise to Triumph

This teaching case depicts the journey of Lauren Hall – a serial technopreneur, who established five multi-million-dollar startups. The story of Lauren Hall details a series of key facets, embedded in her very own DNA, as the building blocks of a female technopreneur. It highlights how female technopreneurs could thrive amidst a range of hurdles and obstacles they confront, particularly in terms of gender-based issues, social stigmas, and a plethora of other challenges women confront in male dominated contexts. Gaining extensive insights through discussions with Lauren Hall, this teaching case portrays her resilience and tenacity that allowed her to break the ‘glass ceiling’ and steer through her journey where one could explore, (i) the traits, behaviors, and competencies necessary to become a successful tech entrepreneur, (ii) the unique challenges that female entrepreneurs face and identify capabilities and expertise needed to effectively navigate the female tech-entrepreneurial journey, (iii) the favorable role of digital technologies in providing further opportunities for disadvantaged communities, including developing countries, females and rural/regional areas and (iv) the relevant stakeholders necessary for the success of female technopreneurial ventures. The case and its teaching notes are suitable for undergraduate and postgraduate students following a contemporary information systems management course.

Social Capital and Female Entrepreneur, Challenges and Opportunities: A Study of Multan

The purpose of this paper is to examine the challenges female entrepreneurs face in the development of their business in the context of Multan. In so doing, it addresses a gap in the literature on the experiences of female entrepreneurs in a Southern Punjab context and acknowledges the contribution that women make in this area of work. The paper draws on survey data from 100 female entrepreneurs currently engaged in their businesses in district Multan– a Southern Punjab District in Pakistan. Results indicate that female entrepreneurs are generally confident and resourceful and that they enjoy the challenge of entrepreneurial activity. As in the other areas, they experience difficulties relating to family commitments and access to finance – as well as problems gaining acceptance and accessing networks.