Entrepreneurship Ecosystems and Their Opportunities and Challenges

Book excerpt: Entrepreneurs are exceptionally gifted individuals capable of spotting projects, marshaling resources, inventing ideas, taking risks, and forming businesses. Prospective entrepreneurs must be inspired and motivated to pursue self-employment businesses in today’s volatile business environment and highly sophisticated information technologies. However, governments have been attempting to promote entrepreneurship by assisting the growth of small and medium-sized enterprises (SMEs). SMEs’ primary challenges are lack of working capital and marketing challenges. Entrepreneurship is a combination of difficult-to-teach skills, attitudes, and knowledge that can be developed. Entrepreneurship Ecosystems and Their Opportunities and Challenges explores and examines the importance of these factors in establishing a virtuous cycle of long-term sustainability in countries worldwide. The book promotes global communities to acquire an entrepreneurial mindset. Covering topics such as crowdfunding experiences, financial solutions, and social enterprises, this premier reference source is an excellent resource for entrepreneurs, business leaders, government officials, students and educators of higher education, researchers, and academicians.