Pathways to Successful Entrepreneurship in Developed Countries

Tolu Olarewaju ()
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Tolu Olarewaju: Keele University

Chapter Chapter 3 in Entrepreneurship as a Route out of Poverty, 2023, pp 61-86 from Springer

Abstract: Abstract When it comes to entrepreneurship, there are many pathways. The entrepreneurial spirit is an attitude and perspective inclined to seek out opportunities for economic or lifestyle reasons and in many cases for both. Developed countries have more formal and informal institutions that support entrepreneurs compared to developing countries and this is one reason why start-ups in developed countries have higher success rates, and why enterprises from such countries tend to have more of a global impact. While individuals in many developed countries often report very high intentions to start-up businesses, many do not follow through and despite the various support for start-ups in those countries, there are significant regional disparities in start-up rates and some barriers to growth. In addition, High-value entrepreneurship is often hard to achieve. This chapter will introduce pathways through which entrepreneurship allows individuals in developed countries to escape poverty while creating higher-value businesses.

Keywords: Entrepreneurship; Income; Entrepreneurial success; High-value entrepreneurship; Social entrepreneurship; Developed countries; Global north; Entrepreneurial strategy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-38359-5_3

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DOI: 10.1007/978-3-031-38359-5_3

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