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Cultural Diversity of Entrepreneurship

The document discusses the cultural diversity of entrepreneurship, highlighting different groups that are increasingly engaging in entrepreneurship. These groups include young entrepreneurs, women entrepreneurs, minority entrepreneurs, immigrant entrepreneurs, part-time entrepreneurs, home-based business owners, family business owners, co-entrepreneur couples, and corporate castoffs pursuing entrepreneurship after being discharged from organizations.

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Raheel Mansoor
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33 views

Cultural Diversity of Entrepreneurship

The document discusses the cultural diversity of entrepreneurship, highlighting different groups that are increasingly engaging in entrepreneurship. These groups include young entrepreneurs, women entrepreneurs, minority entrepreneurs, immigrant entrepreneurs, part-time entrepreneurs, home-based business owners, family business owners, co-entrepreneur couples, and corporate castoffs pursuing entrepreneurship after being discharged from organizations.

Uploaded by

Raheel Mansoor
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Cultural Diversity of Entrepreneurship

 Young Entrepreneurs
 Yong people are setting the pace in starting business.
 Disenchanting with their prospects, youth is willing to take a chance at controlling
their own destiny.
 Young people are choosing entrepreneurship as their primary career path.
 Women Entrepreneurs
 Small businesses has been leader in offering women opportunities for economic
expression through employment and entrepreneurship.
 Increasing number of women are discovering the best way to break the ice to start
their own businesses.
 Female entrepreneurs today are more likely than ever to be highly educated.
 Have managerial experience in he industry in which t hey start their companies.
Cultural Diversity of Entrepreneurship

 Minority Enterprises
 Rapidly growing segment of the small business population is minority owned
businesses.
 Immigrant Entrepreneurs
 Pakistan is now becoming the place of diverse cultures.
 Today the immigrants arrive with more education and experience.
 Part-Time Entrepreneurs
 Starting a part time business is a popular gateway to entrepreneurship .
 They have best of both worlds.
 They can ease in to business for themselves without sacrificing the security of
steady pay check and benefits.
 Major advantage of going in to business part time is the lower risk in case
venture flops.
 Part timers are testing the entrepreneurial waters to see their businesses ideas
will work or not.
Cultural Diversity of Entrepreneurship

 Home-Based Business
 Majority of the small based businesses are home based.
 Operating a business from home keeps start-up and operating costs to a minimum.
 Home based companies allow owners to maintain a flexible lifestyle and work style.
 Technology which is transforming many ordinary homes in to electronic cottages allows entrepreneurs
to run a huge variety of businesses from their homes.
 Nowadays home based businesses are more diverse.
 Family Businesses
 A family owned business is one that includes two or more members of a family with financial control
of the company.
 Copreneurs
 Copreneurs are entrepreneurial couples who work together as co-owners of their business.
 Successful copreneurs learns to build the foundation for a successful working relationship before they
ever launch their companies
 Copreneurs should focus on
 An assessment of whether their personalities will mesh or conflict in a business setting.
 Mutual respect for each other and another’s talent.
 A common vision
 A view that they are full and equal partners, not a superior and a subordinate.
 Complementary business skills that each acknowledges and appreciates and that lad to a unique business identity
for each spouse
Cultural Diversity of Entrepreneurship

 The ability to keep lines of communication open, talking and listening to


each other.
 A clear vision of roles and authority ideally based on each partners skills
and ability to minimize conflict and power struggles.
 The ability to encourage each other and to lift up a disillusioned
partner.
 Separate workspaces that allow them to escape when the need arises.

 Corporate Castoffs
 Corporate castoffs have become an important source of entrepreneurial
activity.
 The managers or employees who have been discharged from the
organizations have become entrepreneurs.

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