Profiles of entrepreneurs and motives for starting a business

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Abstract

In the turbulent environment of constant changes and influences, economic, technologically-technical and social and international factors, we can say that at the beginning of the 21st century we live in the age of entrepreneurship, i.e. in the time of small and medium-sized enterprises, which are readier and more capable of reacting faster to market changes. The theories on enterprise and entrepreneurship define the enterprise and entrepreneurship as immanent phenomena, as two inseparable entities of one body. In that, entrepreneurship implies the directing of resources in the area of their optimal use, while entrepreneur implies the person who acts, who gives concrete forms to jobs, who anticipates risk, create new forms of jobs, expands employment, and enables better and more efficient organization of enterprises capable of meeting all the challenges put in front of it. The role of entrepreneurship is universal. It includes almost all aspects of human life. Every society uses entrepreneurs' experience in management, support and success encouragement, resource activation, motivation and risk awarding, business efficiency, stability and growth, taking responsibility and business risk. Entrepreneurs see their chances where others see confusion and chaos. Key players enabling such changes are free entrepreneurs, young entrepreneurial managers, persistent innovators, and creators of a new business world. Entrepreneurs make decisions to form new enterprises on the basis of their personal, subjective motives. Regardless of what motivates them, entrepreneurs assume an obligation towards a business idea, i.e. a project, and, by means of that, they also dictate the future success of an enterprise. Empirical research shows that there is potential among students of engineering disciplines, that is only necessary to be adequately mainstreamed through the educational programs for entrepreneurship.

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APA

Medaković, V., & Vasković, S. (2017). Profiles of entrepreneurs and motives for starting a business. In Supporting University Ventures in Nanotechnology, Biomaterials and Magnetic Sensing Applications: Policies, Practices, and Future (pp. 3–23). Springer International Publishing. https://doi.org/10.1007/978-3-319-61237-9_1

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