英语论文网

Erik & Deborah (2004) discussed that financing in the early stage of startup is very difficult. The pattern is not just for the particular place but is the national and even globally phenomenon. Markley (2004) interview for entrepreneurs in North California and find out that the knowledge and the ability to gain equity resources was very limited. Most interviewees did not know how to access to the local angel networks. It is a strong demand in acquiring the financing mechanisms to their business.

There are two types of capital, which are Finance capital and social capital. Finance is one of the important elements in entrepreneurship. Almost every firm needs a substantial financial input so it is necessary for entrepreneurs to have the knowledge in financing the business. There are several types of financing, which is own capital, contribution by business partners, received loan from family members and the wage income received by the spouse. Social capital is important for communication with relations. The example of social capital is the relationship with family, contact with entrepreneur in networks, emotional support from the spouse and boarding out activities to others (Bosma, Praag & Gerrit, 2000).

Rinalia (2009) discussed young adults become early adopters and adapters of the technologies, skills valued for innovation economic growth is because they are given early access to information and communication technologies (ICT). Youths are proficient with ICT and are motivated to link the use of the technologies to development goals including to involve in e-entrepreneurship.

Opportunity identification

The term of opportunity in entrepreneurship is defined as the chance to meet the market need or interest to deliver superior value through a creative combination of resources (Schumpeter et al., 1934). Alexander et al. (2003) discussed the elements of opportunities can be 'recognized', and emphasized that the opportunities are made, not found. The sensitivity to market needs and the ability to utilize the resources make entrepreneurs to develop an opportunity.

It is important for a successful entrepreneur to have the ability to identify and selecting the right opportunities for new business (Stevenson et al., 1985). One of the key parts of entrepreneurship research is explaining the discovery and development of opportunities (Venkataraman, 1997). There are many models of opportunity recognition and development had been presented by the researchers like Bhave (1994); Schwartz and Teach (1999); De Koning (1999); Sigrist (1999).

Opportunity development is a process for entrepreneurs begin with a simple concept and then become more elaborate to develop the plan. The process involves the proactive efforts like develop a product but the developmental process is for the entire business, not just for develop the product only (Pavia 1991). Kirzner (1973) also discussed in the opportunity development is a continuous and proactive process which is necessary to form a business.

Opportunity recogn本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。