How background foster or hinder entrepreneurship

Introduction

The background can hinder or foster entrepreneurship because such experience shape the ability and perceptions of individuals. This article will explain how background foster or hinder entrepreneurship. An entrepreneur starts their business by utilizing the knowledge they gathered from background and experiences. The experiences of entrepreneurs impacts on their business both negatively and positively. Entrepreneurs achieve their knowledge from the workplace they had worked. The culture and environment experienced at the educational institutions also play great role in the entrepreneurship life.

How the background and experience can foster entrepreneurship

Good culture experienced at previous organizations can foster entrepreneurial process

When an entrepreneur has experienced a good culture in their workplace, it will foster the entrepreneurship process and their business (Oosterbeek, Van Praag and Ijsselstein, 2010). For example, in a good culture all employees work together by helping each other. They work coordinately and it maintain the discipline of workplace. Entrepreneur will maintain the good culture in their business which will bring good outcome and cooperation among the employees. This is how background can foster entrepreneurship.

Good channel and active network can help start and grow business

Work experience at the past organization enables a person to have good relations with good suppliers and buyers. While working in the workplace, entrepreneurs get connected with these parties and visionary entrepreneurs make sustainable relationship with them with a vision to work further in the future. For example, the suppliers with whom entrepreneur worked with before, the connection helps an entrepreneurs greatly to execute their business. It foster their business greatly.

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Learning about communication can foster entrepreneurship

Entrepreneurs learn the way of communicating with clients, suppliers and buyers within their workplace. Good communication is an important experience that foster their business. Because they have to communicate with many people to start-up and execute the business.

Positive political atmosphere

In positive atmosphere, employees remain motivated and seniors value juniors. It helps a business to be successful because employees are the key stakeholder of a business. Positive political atmosphere foster an entrepreneur’s business by educating the employees same values. This is how background can foster entrepreneurship.

Previous educational institutions matter

Learning, education in past educational institutions can make a great contributions in future business life. Teachers, friends from the university can be a great network in future and can help someone to start the business.

How the background and experience can hinder entrepreneurship

Bad culture from previous experience may hamper entrepreneurial process

When an entrepreneur comes from that background in which bad culture existed, it will hinder their business. They will follow the bad culture and will not provide a flexible atmosphere for the employees. Employees will not be satisfied with the culture and it will harm the outcome. There will be no fair rules and regulations for the employees and they will not get the scope, take part in decision making. Entrepreneur will fail to maintain discipline. This is how background can hinder entrepreneurship.

Unfair policy

If the entrepreneur has any experience of unfair policy at workplace it will also hinder the business. For example, if they faced the problem of getting salary not in time it will remain in their mind. Later on, the person may also follow the same culture in his organization not to pay the salary in time; it will increase the chance of employee turnover.

Negative political atmosphere

Negative politics do not motivate employees. Employees remain irritated and do not work actively. It makes employees frustrated. If the entrepreneur ever faced negative political atmosphere, it will also hinder their business.