Minorities in Entrepreneurship
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Minorities in Entrepreneurship

An International Review

Glenice J. Wood, Marilyn J. Davidson and Sandra L. Fielden

Although there is an expanding body of literature on the characteristics, aspirations, motivations, challenges and barriers of mainstream entrepreneurs, relatively little is known about whether these findings can be applied to the entrepreneurial activities of minority groups. This book addresses this short-fall and presents an international review of the characteristics, motivations and obstacles of eight minority groups: younger; older; women; ethnic; immigrant; lesbian, gay and bisexual; disabled; and indigenous entrepreneurs.
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Chapter 2: Younger Entrepreneurs

Glenice J. Wood, Marilyn J. Davidson and Sandra L. Fielden

Extract

JOBNAME: Wood et al. PAGE: 1 SESS: 5 OUTPUT: Thu Jan 19 14:49:56 2012 2. Younger entrepreneurs Despite the fact that most young people do not see themselves as entrepreneurs, we do not believe there is a shortage of ambition. Instead, the ambitions and skills of young people simply need to be tapped and focused towards entrepreneurial aims. The results show that 51% of young people would like to be their own boss and only one in 10 want to work for a big company. (Tenner Tycoon, 2011, p. 16) INTRODUCTION Most previous entrepreneurial literature has utilized adult participants (Turker and Selcuk, 2009), however, making a decision to move into an entrepreneurial venture can occur at various key points throughout an individual’s life. Such decision points may occur on leaving school, enrolling on a course in entrepreneurship, being dissatisfied in current employment that may lack the opportunity for autonomy, or leaving full-time employment at the point of retirement (Singh and DeNoble, 2003). All of the factors that are brought to bear at these various stages will impact on decisions that may result in self-employment (Singh and Verma, 2001). This chapter will explore the group of entrepreneurs who primarily fall below 30 years of age. This group is a minority; for example, the Australian Bureau of Statistics reported that only 3 per cent of entrepreneurs in Australia (ABS, 2008) were 24 years of age and under. While this is a small proportion of the overall entrepreneurial activity, it would...

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