In my first post I have talked about if it´s easy to exercise entrepreneurship in my country Georgia and I strictly said that it is not! I also emphasized on gaining financial resources needed for entrepreneurship. But now, I have way different opinion regarding importance of financial resources for entrepreneurs to be successful in today´s hypercompetitive and uncertain markets. So, what did I learn and what do I think about this topic now?
I think that financial resources are valuable for creating businesses or initiating a new venture but they are not the most important factor constituting to future success of entrepreneurs. I learned that financial resources are not really nonsubstitutable. And this makes my argument more pervasive. Example for that maybe practice of bootstrapping. Few but still , through bootstrapping entrepreneurs succeed. They start very small and integrate their hard work and efforts with little capital. From my point of view, it´s synthesis of various traits of an entrepreneur, environmental conditions, available resources and so on, constitute to making entrepreneurs successful. By this post, I wanted to stress on shifts in my views on entrepreneurship and how is it affected as I read more articles or chapters of several books.
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