Entrepreneurship in Cities

Entrepreneurship in Cities

Neighbourhoods, Households and Homes

Entrepreneurship, Space and Place series

Edited by Colin Mason, Darja Reuschke, Stephen Syrett and Maarten van Ham

Entrepreneurship in Cities focuses on the neglected role of the home and the residential neighbourhood context for entrepreneurship and businesses within cities. The overall objective of the book is to develop a new interdisciplinary perspective that links entrepreneurship research with neighbourhood and urban studies. A key contribution is to show that entrepreneurship in cities is more than agglomeration economies and high-tech clusters. This is the first book to connect entrepreneurship with neighbourhoods and homes, recognising that business activity in the city is not confined to central business districts, high streets and industrial estates but is also found in residential neighbourhoods. It highlights the importance of home-based businesses for the economy of cities. These often overlooked types of businesses and workers significantly contribute to the ‘buzz’ that makes cities favourable places to live and work.

Chapter 10: Entrepreneurship as the business of the household

Samuel Mwaura and Sara Carter

Subjects: business and management, entrepreneurship, urban and regional studies, urban studies

Abstract

The entrepreneur’s household context has been largely neglected in entrepreneurship research. Most studies focus on the individual entrepreneur, the venture or the broader socioeconomic environment in which the firm is located. However, for individual entrepreneurs, their paramount concern is likely to be the well-being of their household. For enterprises that are inherently associated with an individual entrepreneur, there are profound interdependencies between the business and the household. Beyond the deployment of household resources in the business, business decisions and routines will be predicated upon the needs and deeds of the household. The demarcation of assets, incomes and expenses between the household and the business is often blurred, and the business lifecycle will probably parallel the household lifecycle. This chapter develops a theoretical framework that allows a richer conceptual understanding and empirical analysis of such interdependencies and the ways in which they circularly impact on the choices, actions and well-being outcomes of enterprises and the respective households. The framework not only contributes to the growing recognition of context within the contemporary entrepreneurship discourse, but also provides a conceptual launch pad for new research and policy discussions into the well-being impacts of entrepreneurship on individuals and households.

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