Essentials of Entrepreneurship and Small Business Management, 6th EditionSmall Business Economics. The selected firms represent performance differences between firms that have received external support and those that did not. Due to lack of support, some entrepreneurs had to independently sustain themselves through their creativeabilities. Findings from the study revealed that Small Plastic Manufacturing Entrepreneurs in Nigeria are constrained by certain external and internal factors. Ironically, these constraints seem to have challenged some entrepreneurs to invent original strategies on their own, to cope, survive and to remain in business. Lack of financial capital, especially foreign exchange needed to import vital operating inputs from abroad has been the most serious constraint.
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Small Business Management: Entrepreneurship and Beyond
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Small Business Management: Course Introduction
View larger. Section I. The Foundations of Entrepreneurship Chapter 2. Forms of Business Ownership Chapter 6. Franchising and the Entrepreneur Chapter 7. Building a Powerful Marketing Plan Chapter 9. Pricing Strategies Chapter
A small business manager and an entrepreneur perform the same functions. Entrepreneurs recognize an opportunity and start a business to take advantage of it. Entrepreneurship and small business management are processes, not isolated incidents. Financial risks, material risks, and psychological risks are all risks faced by the entrepreneur. A triggering event is a specific event or occurrence that sparks the entrepreneur to proceed from thinking to doing. In the end, every business will eventually reach the harvest stage.