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Cultural Barriers Of Entrepreneurship

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In the 20th century, economist Joseph Schumpeter (1883-1950) focused on how the entrepreneur’s drive for innovation and improvement creates turmoil and change. Schumpeter viewed entrepreneurship as a force of “creative destruction.” Traditional ways of doing business are shattered by the creation of new and better ways to do them. Entrepreneurship as an economic activity emerges and functions in sociological and cultural environment. It could be conceived as an individual’s free choice activity or a social group’s occupation or profession. Business expert Peter Drucker (1909-2005) took this idea further, relating the entrepreneur as someone who actually looks for change, responds to it, and exploits change as an opportunity. A quick look …show more content…

These are related to the attitude, vision and values that are bred from childhood, but we are unfortunately in a society where the paradigms and fears abound, then it is common that new generations are oriented towards the security of a good job, so fear strikes when we venture out to pursue something different than working for somebody. Another cultural issue affecting enterprises development is the perception of society towards failure. Our society tends to reject and judge failure and a mistake, keeping us in a mindset of going through life trying to avoid mistakes without realizing that failure is part of success. How to overcome cultural barriers? To overcome it we need to change our thinking and our attitude towards life. Nobody but we are able to awake the entrepreneur who lives in us. Entrepreneurship is about attitude, to see life in a different way and be willing to fight tirelessly to achieve our goals. When we begin to see opportunities where others see problems, when we wake up every day excited to work on our projects, when we feel we are able to accomplish anything we set your mind on, when we are willing to try and try again to get it … is when we are ready to take the next …show more content…

This is not an area that can easily be covered here, but it is important to get to know the laws and rules governing the creation of enterprises in the country we would like to establish our business, in order to take advantage of the benefits that are included in them. From the beginning we should take into account the administrative rules, tax and legislative part. Ignorance of the law does not exempt us to fulfill it, so we have to make sure business complies with all the current rules and regulations. In this aspect it is good that we obtain advice from professionals in the field. Chambers of commerce are entities that provide support and advice to entrepreneurs in these

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