Entrepreneurship in developing countries; usually a symptom of unemployment.

[Accardo]

Unfortunately, in most developing part of the world, people are just trying to survive using any means that's available. For you to even survive, you have to be creative to a large extent because if you're depending on jobs that are not even available to start with, that's the beginning of your frustration.

In a developed world, they have systems that are working and so, you don't need to create a job of your win when there are already systems on ground That takes in youths and young graduates. Right from the undergraduate level, youth are constantly informed that there's scarcity of jobs and that they should pick up a skill that will help them become self employed. A failed government that can't boost of a good job will at the end of the day push her citizens to become job creators and nothing more.

Had there been diversity, employment rate in developing nation would reduce to a large extent, investors go about doing exact same kind of business, which wouldn't yield much changes to the state or community, as the market would get saturated too quickly, you get to see more of hotel businesses, in developing nations, more than innovative structures, that could fetch foreign investors into the country. Adding up on already existing business doesn't help the economy of any nation, fresh ideas, and invention is what builds every nation economically.

[slapper]

A guy selling airtime credit on the street is not an entrepreneur. He's just trying to stay alive. We're grouping him with someone starting a fintech startup with venture capital.

The duplication that you mentioned is not just about laziness and creativity. It's rational. Completely rational. If you're not going to take a gamble you do what has been shown to work.

Innovation requires a safety net. It always did. The wright brothers had a bicycle shop to support them. Most "innovative entrepreneurs" in the west have parents who can afford to lose money.

We're all pretty much equally talented. The opportunity distribution is wildly, grotesquely unequal. That's what accounts for almost everything you see. You're not seeing a lack of entrepreneurship in developing countries. You're seeing the effects of a system that doesn't work for people, and so imitation is the only option. It's not the players' fault.

How much "innovation" in rich countries is merely highly-funded imitation with better packaging? Because it's higher than you think.

[Darker45]

~snip~

I'm also living in a developing country and I have to be honest, its certainly the case at the present. People turn into being entrepreneur not by choice or passion, but it comes from a dire need for survival. People do business not actually to showcase their talents and make it known to the people, but because its the last choice they have, unemployment is high, if you don't do business, then you're doomed and die hungry.

Lucky are those who get a secure, long-term job and become financially stable, they will not experience the struggles of a businessman or entrepreneur.

No, I have to disagree with the last part. Those who are stuck in 8-5 jobs--which could easily translate to 5-9 when taking into consideration regular yet unpaid overtimes, required early time-ins, heavy traffic, lack of efficient transportation, and so on--are far from lucky.

As a matter of fact, a considerable portion of those who have secure jobs have to be entrepreneurs themselves. Again, circumstances force them to look for additional ways to earn. These days, you can't decently raise a family with your salary alone. You need to have side hustles, often a number of them.

[junder]

I developed countries, entrepreneurship surfaces as a result of ideas, desires a willingness to deliver a product or service to satisfy needs and wants, an improved market share, and as a result, profit maximization.

In developing countries, the reverse is case, entrepreneurship is usually ventured into as a result of unemployment.

You then tend to see too many businesses begin to compete for the same demand, there's little or no innovation in these kind of case, a lot of duplication of the same businesses in this case.

Hence we tend to see real entrepreneurship in developed countries.

Previously, I couldn't differentiate between developed and developing countries because I thought it meant positive similarities.

Entrepreneurship is a growing business or individual business, so competition is natural as it's one way we survive.

As long as the competition is clean and healthy, there's no problem. But sometimes, I wonder with my friend if everyone becomes an entrepreneur, who will be the consumers? But that doesn't seem to happen because we need each other, so even if we compete it won't be the same.

[passwordnow]

The title I think is bias, entrepreneurship doesn't only happens in developed and developing nations. It's everywhere. For every nation that has got a problem, there goes the entrepreneur that solves those problem. And guess what it is, unemployment is also everywhere. So, don't be too dwelling onto that idea that when there are so much entrepreneurs in an area, developed or not, it's caused unemployment because it's not really.

[justdimin]

In developing countries, the reverse is case, entrepreneurship is usually ventured into as a result of unemployment.

Unfortunately, in most developing part of the world, people are just trying to survive using any means that's available. For you to even survive, you have to be creative to a large extent because if you're depending on jobs that are not even available to start with, that's the beginning of your frustration.

In a developed world, they have systems that are working and so, you don't need to create a job of your win when there are already systems on ground That takes in youths and young graduates. Right from the undergraduate level, youth are constantly informed that there's scarcity of jobs and that they should pick up a skill that will help them become self employed. A failed government that can't boost of a good job will at the end of the day push her citizens to become job creators and nothing more.

What I have seen with the youth is that they do not really want to get stuck in jobs. They want more flexible options like working remotely or freelancing or even launching their own business. Genz generation has that craze about entrepreneurship due to social media, and I guess that might be one of the reasons why we see many youngsters launching successful businesses. I watch Shark Tank in my country, and I see a number of graduates building something extraordinary right out of the college.

I think that is the reason why we see a lot of businesses being launched these days. Unemployment is taken much seriously by the governments and there have been various options provided to offer jobs or earning opportunity. All one needs is the right skill to find such opportunities.

[Die_empty]

The title I think is bias, entrepreneurship doesn't only happens in developed and developing nations. It's everywhere. For every nation that has got a problem, there goes the entrepreneur that solves those problem. And guess what it is, unemployment is also everywhere. So, don't be too dwelling onto that idea that when there are so much entrepreneurs in an area, developed or not, it's caused unemployment because it's not really.

A country that supports its citizens through education and financing would have more businesses. Some countries offer entrepreneurship education and financial support to their citizens to enable them to set up and run successful businesses.

Some countries have more successful businesses because of adequate infrastructure. I am aware that many people have good business ideas in my country. But they are discouraged by epileptic power supply, bad roads, insecurity, and so on. The reason why businesses thrive well in business is because of a conducive business environment.

[Satofan44]

Before drawing conclusion on their actions i think it will be nice if we  vividly look into the real meaning of an entrepreneur. The dictionary meaning of an entrepreneur is an individual who identifies profit generating schemes and get involved into it through any favourable medium all for know other reasons but profit generation.  Excluding them from being an entrepreneur because they import commodities from China and resell through amazon is never acceptable because all there activities goes in accordance with the job of an entrepreneur so they are entrepreneurs.

Fuck off, they are not entrepreneurs they are leeches like most middlemen and in this case they are doing something terrible. They are buying shit quality goods that are often dangerous with various toxic substances and then reselling them at an extremely exaggerated value and often hiding where it comes from. People who are like this should be put in front of a firing squad.

I don't know in which dictionary that says generating profit is the definition of an entrepreneur, but I disagree, it should come up with value addition not just simply buy and selling, because we call it as trading and one who does that as trader not as entreprenuer.

He just made up some bullshit because he knows some people who are reselling cancerous goods and instead of criticizing them for what they are doing, given that it is an evil "at all costs" kind of thing, he is acting supportive and providing excuses for them. Resellers are not entrepreneurs, street stands are not entrepreneurs, 99% of businesses have no relation at all to entrepreneurship maybe even 99.9%.

As a matter of fact, a considerable portion of those who have secure jobs have to be entrepreneurs themselves. Again, circumstances force them to look for additional ways to earn. These days, you can't decently raise a family with your salary alone. You need to have side hustles, often a number of them.

People should blame themselves in this case for being unskilled and shit workers. Jobs in good industries and extremely qualified people pay a ton of money. You could have a family of 100 members with them. It does not matter where you live, if you are a true expert the USA or China will gladly import you with a ridiculous salary. Stop blaming the world for your choices.

A guy selling airtime credit on the street is not an entrepreneur. He's just trying to stay alive. We're grouping him with someone starting a fintech startup with venture capital.

Exactly, most people here are complete idiots and wrote lies about this topic. They do not know a single entrepreneur.

Innovation requires a safety net. It always did. The wright brothers had a bicycle shop to support them. Most "innovative entrepreneurs" in the west have parents who can afford to lose money.

This is not true. Many people have taken on huge debt in a gamble to try something, and ended up paying off that debt for a long period of time after the venture failed. You are focused on a subset of cases that are written about in the media, and have made false conclusions because of that. Innovation does not require any kind of safety net, a safety net merely helps. Actually, plenty of innovation does not even require taking on debt at all so the financial risk is 0 and a safety net is not needed.

We're all pretty much equally talented. The opportunity distribution is wildly, grotesquely unequal. That's what accounts for almost everything you see. You're not seeing a lack of entrepreneurship in developing countries. You're seeing the effects of a system that doesn't work for people, and so imitation is the only option. It's not the players' fault.

Also false, most people are lazy in these 3rd world shitholes and justify their laziness with having "worked hard" already by doing the most basic of jobs with regular work hours. Meanwhile a western entrepreneur is putting up 2 or even 3 times the amount of hours per week for months or years in order to innovate and make progress. Learn the difference, accept that these are lazy savages and most of the problems that their places have are their own fault. While some idiots like Elon Musk were sleeping in their offices during critical moments of their ventures, these 3rd world people were rushing to McDonald s drive through after work to put in some extra satisfying poison into their system before laying down their fat ass on a shitty couch.

[barbara44]

If same businesses are repeated than I would not call that as an entrepreneurship because that is something where a founder innovates something which changes the course of action. I agree that we see multiple businesses launching in developing country not because of unemployment but because they want to build something and earn a luxuries life. We can't ignore the fact that these businesses also create employment opportunity in that country which would anyways be better for the economy and would be backed by the government.

I can't agree that real entrepreneurship is only seen in developed countries. We can see really great businesses coming out from developing nations which breaks every barricade towards success. I think developing nations have more entrepreneurship skilled citizens.

[DrBeer]

...
A guy selling airtime credit on the street is not an entrepreneur. He's just trying to stay alive. We're grouping him with someone starting a fintech startup with venture capital.
...

What do you think entrepreneurship is?
In my opinion, entrepreneurship is any way (except illegal ones) of generating income by utilizing the market for goods and services.
If someone offers a mobile top-up service on the street for a small fee, and there’s a demand for it-that’s entrepreneurship! Otherwise, we’ll end up thinking that entrepreneurship is strictly about manufacturing a final product-and only in the role of a manufacturer! Probably 75%+ of the world makes money by reselling existing goods and  services that are based on pre-manufactured goods and technologies!

[Onyeeze]

Hence we tend to see real entrepreneurship in developed countries.

Everything has to depend on the entrepreneur; most times, it's not only about the location, but also what we are set to do at each of the locations we are found. Some people have a good business strategy that does not limit them to where they are, as we all need entrepreneurship in both developed and developing countries, because it serves as the means through which people in society can survive by what has been produced from the economy.

entrepreneurship is good to be established but it is depends on the location that will determine half flourish the entrepreneur will it be successful sometimes some people make a wrong choice in location to establish a business without considering the population size of the environment and also the social amenities that is involve in the locality they want to establish an entrepreneur, so I believe now we need to know that entrepreneur is all about risk but the major thing that is important is for us to know a good location that will be suitable for the establishment of our entrepreneuring business

[Finestream]

Hence we tend to see real entrepreneurship in developed countries.

Majority of what is referred to as entrepreneurship is just a one man’s business, that is somebody doing business for the purpose of trying to survive with the money he makes from it,  not a business that has been set up to create innovative solution to a problem that has been identified.

So it is mostly business in developing countries and not entrepreneurship.

Couldn't agree more. I came from a developing country, and yeah a lot have taken risk to enter business not because they want to create some innovations and create new markets, but they're here to maximize profitability and stability to ensure long term survival. So clearly they're not considered as entrepreneurs by definition but business owners and operators that aim to gain steady profits in the market.

And while it is true that unemployment is high in our country, but it turns out to be a great privilege for unemployed people to enhance their talents and skills so they can start a new business and still earn an income despite that they are jobless.

[Rain1620]

I developed countries, entrepreneurship surfaces as a result of ideas, desires a willingness to deliver a product or service to satisfy needs and wants, an improved market share, and as a result, profit maximization.

In developing countries, the reverse is case, entrepreneurship is usually ventured into as a result of unemployment.

You then tend to see too many businesses begin to compete for the same demand, there's little or no innovation in these kind of case, a lot of duplication of the same businesses in this case.

Hence we tend to see real entrepreneurship in developed countries.

Actually I can agree with you that business ideas are born due to unemployment in developing countries. But then, it creates the tendency of becoming incredibly industrious and resourceful in individuals. Entrepreneurship as a necessity can serve as a survival study that educates about essential qualities to create and keep the business going not minding the economy, adaptations, creativity etc.

You also talked about too many duplicated businesses which is also true because when large numbers of individuals venture into the same small scale businesses as a result of unemployment often result in massive competition with less profits. This most times becomes a barrier to the innovation and growth of these businesses reasons being that they are mostly survival based than the  long term scaling.

But then, I will confidently argue the point that entrepreneurship isn’t real in developing countries. Entrepreneurship can be considered real when financial risk is taken by an individual with the aim of filling market gap regardless of how small the gap is. The central idea is to satisfy customers needs, maximize profits and growth.
The differences are mostly dependent on technology, good infrastructures and guaranteed credit access, is not all about lack of ideas. In developing countries, good numbers of the entrepreneurs also have the will power you talked about but there are no tools available to explore the ideas to becoming global enterprises or brand unlike the developed countries that has everything in place.

[Jubilee58]

I developed countries, entrepreneurship surfaces as a result of ideas, desires a willingness to deliver a product or service to satisfy needs and wants, an improved market share, and as a result, profit maximization.

In developing countries, the reverse is case, entrepreneurship is usually ventured into as a result of unemployment.

You then tend to see too many businesses begin to compete for the same demand, there's little or no innovation in these kind of case, a lot of duplication of the same businesses in this case.

Hence we tend to see real entrepreneurship in developed countries.

I don't really think so. Entrepreneurs are entirely different from the ordinary business men, and they are found in both the developed and the developing countries. There are factors that enables entrepreneurs to thrive in every country weather developed or underdeveloped. When governmental policies favours an entrepreneur, they will definitely do well. Another factor is an enabling environment to do your business. If for instance a developed country is fighting war or facing any insecurity challenge, this is one thing that can stand as a barrier against interpreneures in those very countries.

In the developed countries, not everyone doing business there is an entrepreneur. In the same vein there are entrepreneurs in the developing countries who who assist in sustaining the economy of those countries, and they are actually doing well, and some of them are even international business men, who don't only own business in their own country, but also in the developed countries.

Sometimes, you also see people from the developed countries going to the underdeveloped countries to do their business, and they are doing well there. The reason is because, the environment is safe for them, the business, and governmental policies is compatible with there business. Therefore entrepreneurs in the developing countries does not just emerge as a result of unemployment, instead is a way of enhancing economic growth of a developing country.

[Cheema02]

Unfortunately, in most developing part of the world, people are just trying to survive using any means that's available. For you to even survive, you have to be creative to a large extent because if you're depending on jobs that are not even available to start with, that's the beginning of your frustration.

In a developed world, they have systems that are working and so, you don't need to create a job of your win when there are already systems on ground That takes in youths and young graduates. Right from the undergraduate level, youth are constantly informed that there's scarcity of jobs and that they should pick up a skill that will help them become self employed. A failed government that can't boost of a good job will at the end of the day push her citizens to become job creators and nothing more.

the harsh reality which faces many people in developing countries like Pakistan and Nigeria because in these countries even government jobs are insecure so people becomes helpless and they start a local business just to survive. So they start business without any support and according to government laws so individuals becomes job creaters forcefully but totally blame to government is also a negative thing. Even in world developed countries like USA and others people push entrepreneurship because its the first step of innovation to build a strong economy. the actual difference is here the developed countries support to these type of startups and government give funds to these individuals. So entrepreneurship is not chosen by passion in developed countries its forcefully done by unemployed persons. But the developed countries helps the new startups and give fundings which turns these efforts into success on the other hand the progressed countries put pressure on these individuals and despite their efforts.

[passwordnow]

The title I think is bias, entrepreneurship doesn't only happens in developed and developing nations. It's everywhere. For every nation that has got a problem, there goes the entrepreneur that solves those problem. And guess what it is, unemployment is also everywhere. So, don't be too dwelling onto that idea that when there are so much entrepreneurs in an area, developed or not, it's caused unemployment because it's not really.

A country that supports its citizens through education and financing would have more businesses. Some countries offer entrepreneurship education and financial support to their citizens to enable them to set up and run successful businesses.

Some countries have more successful businesses because of adequate infrastructure. I am aware that many people have good business ideas in my country. But they are discouraged by epileptic power supply, bad roads, insecurity, and so on. The reason why businesses thrive well in business is because of a conducive business environment.

Those bad factors that you've mentioned are the jobs of the government to make it even better so that entrepreneurs will be able to do it better. The roads, power supply, this isn't the task of these entrepreneurs but they can also make businesses out of it. But you're right that someone's success in business is also caused by the environment when farm to market roads are fixed if the entrepreneurs are in agriculture and, the same goes for the other entrepreneurs who would usually use these infrastructures for their operations.

[DrBeer]

Unfortunately, in most developing part of the world, people are just trying to survive using any means that's available. For you to even survive, you have to be creative to a large extent because if you're depending on jobs that are not even available to start with, that's the beginning of your frustration.

In a developed world, they have systems that are working and so, you don't need to create a job of your win when there are already systems on ground That takes in youths and young graduates. Right from the undergraduate level, youth are constantly informed that there's scarcity of jobs and that they should pick up a skill that will help them become self employed. A failed government that can't boost of a good job will at the end of the day push her citizens to become job creators and nothing more.

the harsh reality which faces many people in developing countries like Pakistan and Nigeria because in these countries even government jobs are insecure so people becomes helpless and they start a local business just to survive. So they start business without any support and according to government laws so individuals becomes job creaters forcefully but totally blame to government is also a negative thing. Even in world developed countries like USA and others people push entrepreneurship because its the first step of innovation to build a strong economy. the actual difference is here the developed countries support to these type of startups and government give funds to these individuals. So entrepreneurship is not chosen by passion in developed countries its forcefully done by unemployed persons. But the developed countries helps the new startups and give fundings which turns these efforts into success on the other hand the progressed countries put pressure on these individuals and despite their efforts.

“So they start a business without any support and according to the government”-I would call that a much bigger problem! The government’s ill-advised approach to these matters will lead to such problems. Let me explain: instead of passively spending social benefits on a huge number of people, it makes more sense to focus on financial assistance for those who want to start their own business! Why? It’s simple-this person not only provides for themselves through work but often involves family members to help with the business, essentially giving them jobs.
 Likewise, they aren’t squandering government aid-they’re developing useful services. In short, supporting private/family businesses is more effective than simply providing social benefits.

[Royal Cap]

I myself am from a developing country. And in the context of my country that is Bangladesh, the situation is a bit mixed. Many people here start businesses because of unemployment, so you can see many similar shops or services. But even then not everyone is the same, because it is seen that some people add something new to the same business and move forward. Like they make small businesses bigger with online delivery or Facebook pages.  So no matter how you start, if you want to survive you have to come up with ideas.

[Cryptoprincess101]

Don't blame entrepreneurs in developing countries for starting same businesses over and over again without diverting into something innovative. You don't expect people who are struggling to make ends meet to manage businesses that are not known or in high demands, how will they be able to make daily income and take care of their families. Developed countries already has many individuals who doesn't depend on their daily income to earn a living, some can stay months without selling a product and they will be fine but in the developing countries they can't be patient to wait for months before they can sell a product which is why most of them are only concerned about products they can market within a short period of time and achieve their profits.

[Russlenat]

Hence we tend to see real entrepreneurship in developed countries.

Majority of what is referred to as entrepreneurship is just a one man’s business, that is somebody doing business for the purpose of trying to survive with the money he makes from it,  not a business that has been set up to create innovative solution to a problem that has been identified.

So it is mostly business in developing countries and not entrepreneurship.

You are right there. Entrepreneurs are seen only limited, but majority are only doing business and ride the competition in the same market. That's how I see it in my country, as one of the developing countries where the current economy has been struggling due to wrong governance.

Entrepreneurship is generally considered as more complex compared to traditional business. It has a higher risk and is made for innovation, while doing business alone is simply managing your own business without target of innovation. That's why its more accessible for the people, without putting high efforts on navigating constant, unproven challenges.