There are many forces that drive the entrepreneurial trend in today’s economy. Some entrepreneurs have faced many challenges and setbacks that have prevented them from succeeding in their new ventures. Despite the major drawbacks, what’s still feeding the entrepreneurial fire.
I think the most important thing for entrepreneur is creativity and innovation, seeing opportunity where others see treat, bringing new solution to new or current problem, communicating the new solution, etc.
The entrepreneur must be able to effectively communicate, sell, focus, learn, strategize and the ability to continuously learn. Growing a business requires a sound strategy based on inherent business sense and skills.
Thank you Al-Baraa ABDULRAHMAN Al-Mekhlafi , Niyungeko Antoine & Hermann Gruenwald for your wonderful insights. I appreciate your opinions.
Entrepreneurship is driven primarily by two things which will always be part of human existence. Firstly we are constantly evolving and this evolution creates new needs to be fulfilled. If we take the lockdown resulting from Covid-19 we see that it has led to a boom in virtual meetings. People now have a need to curate their Zoom backgrounds, as an example. Secondly entrepreneurs observe unfilled needs and innovate solutions to meet those needs. In our example they are designing artificial Zoom backgrounds and digitizing them others are offering to transform physical spaces to meet the curation needs. As long as humans exist and the environment is evolving there will be etrepreneurship.
Dear researcher, following my research papers, may help you to get an overview.
(PDF) Do Risk-Taking, Innovativeness, and Proactivity Affect Business Performance of SMEs? A Case Study in Bangladesh (researchgate.net)
(PDF) Graduate Students' Behavioral Intention of toward Social Entrepreneurship: Role of Social Vision, Innovativeness, Social Proactiveness, and Risk-Taking (researchgate.net)
(PDF) Understanding the Entrepreneurial Intention in the Light of Contextual Factors: Gender Analysis (researchgate.net)
(PDF) The Effect of Entrepreneurial Orientation, Market Orientation, and Gender on Business Performance: An Empirical Study of SMEs in Bangladesh (researchgate.net)
Yes, during the SARS-CoV-2 (Covid-19) coronavirus pandemic, certain barriers to entrepreneurship appeared. The pandemic triggered a recession in the economy in 2020. Lockdowns, i.e. restrictions on the activity of providing services, were imposed on some industries and service sectors. Many companies have increased the scale of digitization and Internetisation of economic processes. In the period of economic crisis, entrepreneurs, in order to adapt their companies to new economic conditions, carry out recovery and development restructuring processes. These processes are an element of entrepreneurship of people managing business entities. On the other hand, the government manages the anti-crisis socio-economic policy, one of the goals of which is to activate entrepreneurship, reduce the scale of unemployment, revive economic processes, etc.
Best regards,
Dariusz Prokopowicz