Motivations, business planning, and risk management: entrepreneurship among university students

Aleciane da Silva Moreira Ferreira · Elisabeth Loiola · Sônia Maria Guedes Gondim

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Entrepreneurship Studies and Influences Business Strategies and Innovation Migration, Ethnicity, and Economy

Abstract

The objective of this study was to compare motivations for entrepreneurship, business planning, and risk management between two groups of university students: those who already had a business (experienced entrepreneurs) and those intending to start one (potential entrepreneurs). A total of 424 undergraduate and graduate students participated in the survey study. Descriptive and inferential analyses were conducted to compare the groups. The results indicate that the entrepreneurial motivations of potential student entrepreneurs are higher than those of experienced student entrepreneurs. In the process of creating the business, it was shown that both groups of students are cautious about managing business risks, but the group of potential student entrepreneurs appeared more concerned with the business plan than the experienced group.

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References

2000The Promise of Entrepreneurship as a Field of Research 2001Causation and Effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency 2005The Impact of Social Structure on Economic Outcomes 1985A Conceptual Framework for Describing the Phenomenon of New Venture Creation 1993Entrepreneurial intentions: Applying the theory of planned behaviour 2014The Relationship between Entrepreneurship Education and Entrepreneurial Intentions: A Meta–Analytic Review 1980Risk Taking Propensity of Entrepreneurs.1984Differentiating Entrepreneurs from Small Business Owners: A Conceptualization

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