Challenges Of Entrepreneurship

Introduction
The world is going through a period of major and complex transformation. 2008 world economic and financial crisis was the turning point from the traditional business school thinking to a new era of business school of thoughts. This crisis unveiled the fragility of labour market and imposed several other major problems in different sector of the economy. Many governments supported by experts proposed that entrepreneurship as a driving force for economic recovery and overcoming labour issues. This article will explore, discuss and compare eight different articles in the field of entrepreneurship and its contribution to solve labour and economic problem.
What is Entrepreneurship?
All the authors agreed on that the concept of entrepreneurship

First, Entrepreneurs frequently want change, not only change, they also want to be the bearers of change. They are solution givers and want to interrupt the status quo. They have a vision like "I want to assemble the world 's information" and they take an attempt to make this change. In this attempt, some succeed and some fail. Second, people love challenges and they opt for starting a new business as it is very challenging to handle big problems. These people find typical job in a big corporate as boring and not challenging enough. Third, the creativity associated with running your own business is all about being more creative and having the independence to make new discoveries. One needs to have an infinite room to welcome and introduce creativity in a small business. Fourth, Entrepreneur tends to start a business because they don 't want to be pushed around and work for a product/company in which they have no way to shape their destiny. They want to be their own boss having their own time, own pace, location of their choice, employees of their choice and have a progressive role in deciding the direction of the company. Fifth, Successful entrepreneurs are always anxious and ask - "what if we do X this way?” They want to have more than one option to do a work and choose the

Advantages of Saudi Arabia for Entrepreneurs
Saudi Arabia stable economy with its prudent financial structure and large, youthful and growing population helps aid entrepreneurship to grow markets in many unserved niches. The absence of taxation and emerging venture capital industry can bring about large and sustained investments in the economy. These factors helped increase foreign interest in investing in the Middle East. Saudi Arabia has the opportunity to serve the entire region and capitalize on its location.
Challenges for Entrepreneurs in Saudi Arabia
Fostering an entrepreneurship culture is one of the primary challenges ahead for Saudi Arabia, as part of wider efforts to diversify the economy away from its reliance on oil. Entrepreneurs from the country are content with the increase in media exposure and improvement of attitudes toward entrepreneurship as a driver of employment. However, other important attitudes are weaker, especially in terms of attitudes toward risk and fear of failure. This is reflected in local rules too, such as the high financial costs of business failure. Furthermore, the majority of local businesses are family owned, as opposed to professional ventures focused on