The Development of Human Capital in Young Entrepreneurs

James Hickie

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Entrepreneurship Studies and Influences Vocational and Entrepreneurial Education Education and Labor Relations

Abstract

This paper provides insights into the human capital development of a group of young entrepreneurs, all of whom have built growth businesses with turnovers of between £1M and £90M. Their development of knowledge and skills was investigated before and during the creation of their first main ventures. This is significant in the context of current UK government policies to encourage young people to consider entrepreneurship as a career. The study considers the relevant skills and knowledge the young entrepreneurs developed prior to starting their businesses, the influences they experienced and how this pre-entrepreneurial learning affected their venture creation activities. Finally, the paper considers the challenges the entrepreneurs faced as they grew their businesses.

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References

1983Human Capital 2003Techniques to Identify Themes 2003The role of social and human capital among nascent entrepreneurs 2000Prior Knowledge and the Discovery of Entrepreneurial Opportunities 1988“Who Is an Entrepreneur?” Is the Wrong Question 1984Experiential Learning 1997Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making 1997Survival of the Fittest? Entrepreneurial Human Capital and the Persistence of Underperforming Firms

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