Entrepreneurship in developing countries; usually a symptom of unemployment.

[Yeesha]

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.

Unemployment is not really the reason why we have entrepreneurs in the developing countries. No country will grow, and develop well without the activities of the entrepreneurs, and the private sectors, and this happens in both the developed, and the developing countries. Unemployment is everywhere even in the developed countries, only that it is drastically reduced.
Someone who is poor, and unreasonable cannot become an entrepreneur, because one of the qualities or identity of an entrepreneur is innovation, and such people are found in both the developed, and underdeveloped countries.
Sometimes government policies could be the reason why entrepreneurs do well, but when the policies of any country does not favour any entrepreneur, the only option is to move to a place where there policies can favour your business, weather developed or underdeveloped country.

An entrepreneur is self employed person, and not an unemployed. They chooses to focus on their growth and development without depending on government or any white collars jobs. Nowadays an entrepreneurship is even more productive than some white collars jobs. The rate of unemployment has partially reduced in some developed countries, and all thanks to the entrepreneurs, and the private sectors. And even if the rate of entrepreneurship increases it doesn't signifies a symptom of unemployment, because it has accommodate some of the unemployed youth. Following your own interest doesn't mean inappropriate decisions or disability/ inability. A responsible person will always put their efforts in what they know how to do best. Just because the rate of entrepreneurs increases in a particular country doesn't mean they couldn't secure a better job. But some people prefer doing a business rather than been a salary earner. But at the end of the day, people have freedom of speech and freedom of movements, so they can choose to do whatever pleases them.

[Etranger]

But in other way these situations push individuals to make something special and creative. So individuals starts to learn more demanding skills and take step in freelancing and generate multiple way of sources for them.

On one hand that is true, constraints do foster creative and unconventional thinking. On the other hand, this is not always an advantage, since many roles call for executors rather than thinkers and innovators. And if a specialist has developed creative approaches and starts initiating problem-solving where nobody asked them to, that often does not end well for them. So alongside creativity, you also need to develop a kind of intuition that tells you how to use your instinct for self-preservation and read the room, figuring out where your innovations will be welcomed with enthusiasm and where you might actually get burned for them.

[Emitdama]

A developed country became developed when entrepreneur took it from developing to developed,

Developed must be higher than developing and the final form must be well-developed. But it should downgrade in fact, according on what the title is saying, or if there are entrepreneurs, then it is also a sign that someone is not employed. Maybe the former worker realize that true wealth is only found doing a real business. But when there is a business, workers can still be hired.

but then I still get your point about the duplication because everyone would be trying to solve the same or similar problems but it's possible for that country to eventually graduate from developing to developed assuming these entrepreneurs do succeed and solve the problem.

Not all are genuine though but some only wants to join the hype and took the benefit. IDK, maybe this is also what you mean by solving problem and profit is only normal after. I'm not also referring on the fraudster or scammers though but still those who do fair business but are literally business minded and prioritize money over anything else. A country may still foster more if there more originality and creativity.

[Nwadiche]

That's actually a good sign that there's a progress in a country when there are a lot of entrepreneurs. Because they're not only employing themselves but they also have the capacity to employ others.

A bad sign or a symptom of high unemployment rate isn't entrepreneurship but, you'd see citizens migrating on other countries just to find jobs.

You are very correct, a country where many entrepreneurs are , helps  in reducing unemployment, creating job opportunities, creating products and rendering of services will help reduce a lot of things in a country , instead of going to school graduate and start job hunting or been  jobless for a long period  , why not create your own business even with a little capital, I feel entrepreneur is just important in a country for a good development, people migrate to developed countries but that can still happen in there country.

[Etranger]

But when there is a business, workers can still be hired.

That option is certainly the less risky one. And it is good to have some kind of backup plan in case your own business does not work out. But in reality it is rarely possible to combine launching your own venture with salaried employment. A person simply gets pulled in all directions, they cannot be everywhere at once. Attention becomes unfocused and as a result both the business and the job suffer and lose quality.

[boyptc]

That's actually a good sign that there's a progress in a country when there are a lot of entrepreneurs. Because they're not only employing themselves but they also have the capacity to employ others.

A bad sign or a symptom of high unemployment rate isn't entrepreneurship but, you'd see citizens migrating on other countries just to find jobs.

You are very correct, a country where many entrepreneurs are , helps  in reducing unemployment, creating job opportunities, creating products and rendering of services will help reduce a lot of things in a country , instead of going to school graduate and start job hunting or been  jobless for a long period  , why not create your own business even with a little capital, I feel entrepreneur is just important in a country for a good development, people migrate to developed countries but that can still happen in there country.

It's human instinct that just so happen to activate for some people. When they see that there's not that much opportunities, they're the ones who create it.

As they say, "when life gives you lemon, make lemonade". So when life gives problem, they create solutions from it.

Entrepreneurs are as important as the farmers and the workers of a country, they're the ones who are making money which is the blood life of economy.

[DYOR+BTC]

But when there is a business, workers can still be hired.

That option is certainly the less risky one. And it is good to have some kind of backup plan in case your own business does not work out. But in reality it is rarely possible to combine launching your own venture with salaried employment. A person simply gets pulled in all directions, they cannot be everywhere at once. Attention becomes unfocused and as a result both the business and the job suffer and lose quality.

There is nothing better than having a personal venture that will put food on your  table instead of been dependent of salaries for survival, not that salary jobs are bad but with the way things are now it will be very difficult to meet end needs with a specific salary as depending on salary is same as living on loans. Gone are those days salaries can be enough for our survival but now without something else it will be very difficult to survive except one is lucky to have a good paying job.

[Alpen]

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.

You are absolutely right. When a country's economy struggles and people lose their jobs, they often become entrepreneurs out of necessity just to feed their families.

However, this surge in grassroots entrepreneurship is actually a massive plus for developing nations. It allows people to secure an independent income and, more importantly, fosters independent thinking. In many of these countries, the economy was historically state-dominated, making everyone dependent on the government as the primary employer.

This shift marks the beginning of middle-class formation and drives local investment activity, which eventually leads to a vibrant startup ecosystem. Ultimately, these homegrown innovations are exactly what elevate the country to developed-nation status

[gracreavix]

Is entrepreneurship in developing countries always monotonous? I think innovative ideas are easily born from the many constraints that force people into extreme survival mode. And most of the innovations we highlight focus solely on product variety, but don't also highlight how they got started, overcame obstacles, etc.

Furthermore, what's considered innovative isn't necessarily what's needed. True innovation is about providing satisfaction.

I had to read this twice to get this clearly, such an intelligent one, and so true, the real innovation should indeed be judged by real impacts and the problem it solves and not just the product appearance and all that.

In developing economies especially, what looks simple does carry a deep level of adaptation and survival intelligence behind it. Being constrained don’t reduce creativity, they refine it, because people are then forced to build what really works and provide satisfaction, and not what just looks impressive.

Innovation is for sure less about how advanced something appears and more about how effectively it improves life in its own environment.

[Etranger]

But when there is a business, workers can still be hired.

That option is certainly the less risky one. And it is good to have some kind of backup plan in case your own business does not work out. But in reality it is rarely possible to combine launching your own venture with salaried employment. A person simply gets pulled in all directions, they cannot be everywhere at once. Attention becomes unfocused and as a result both the business and the job suffer and lose quality.

There is nothing better than having a personal venture that will put food on your  table instead of been dependent of salaries for survival, not that salary jobs are bad but with the way things are now it will be very difficult to meet end needs with a specific salary as depending on salary is same as living on loans. Gone are those days salaries can be enough for our survival but now without something else it will be very difficult to survive except one is lucky to have a good paying job.

I do not agree that living paycheck to paycheck is the same as living on loans. Yes, a salary is not a perfect, guaranteed option, but at least you are not burdened by an obligation of debt to someone. Moreover, you are relying on yourself and your own strength, whereas credit completely destroys that foundation. Life is not perfect, and almost everyone has to borrow money at least once. However, it is one thing to have the ability to pay back debts, and quite another to constantly take on new ones. Employed work gives you the feeling that someone values you, if not by your merit, then at least in some way. Credit only undermines that feeling, as well as your self-confidence.

[Leahized]

There is nothing better than having a personal venture that will put food on your  table instead of been dependent of salaries for survival, not that salary jobs are bad but with the way things are now it will be very difficult to meet end needs with a specific salary as depending on salary is same as living on loans. Gone are those days salaries can be enough for our survival but now without something else it will be very difficult to survive except one is lucky to have a good paying job.

Did you mean something else? Talking about any business or venture? It is a good idea but in reality it is very difficult and need hard work to succeed. You will need money and be well planned to get involved.  Because such a situation is not possible for all people so it is very normal to job. Moreover, I do not believe that, the minimum demand cannot be met through salary. If you live in a developed country,Then your salary will also be higher and will be a better means to earn a living. And if you live in a low income country then your salary will be proportional. But entrepreneurship makes a country more prosperous because many unemployment jobs are created.

[Satofan44]

There is nothing better than having a personal venture that will put food on your  table instead of been dependent of salaries for survival, not that salary jobs are bad but with the way things are now it will be very difficult to meet end needs with a specific salary as depending on salary is same as living on loans. Gone are those days salaries can be enough for our survival but now without something else it will be very difficult to survive except one is lucky to have a good paying job.

Did you mean something else? Talking about any business or venture? It is a good idea but in reality it is very difficult and need hard work to succeed. You will need money and be well planned to get involved.  Because such a situation is not possible for all people so it is very normal to job. Moreover, I do not believe that, the minimum demand cannot be met through salary. If you live in a developed country,Then your salary will also be higher and will be a better means to earn a living. And if you live in a low income country then your salary will be proportional. But entrepreneurship makes a country more prosperous because many unemployment jobs are created.

A personal venture in this context means a business activity, whether establishing an actual business or just "hustling" is besides the point it can apply to both. Nevertheless, the user is completely mistaken about his statement and so are you -- it is a sign of someone who spent too much time on social media reading fake news and following fake success stories. The reality is this: Somewhere between 95 to 99% of all started ventures fail, many leading to complete personal bankruptcy. This is the kind of environment that someone will consider better than having a regular salary and steady job?

If you are an unskilled employee or you work in shitty job the salary is bad everywhere. If you are working in something important, where actual skills and competency is required, regardless of industry you will earn a good living regardless of the country. Even in the undeveloped countries there are people making a ton of money from salaries, you just don't know about it.

I do not agree that living paycheck to paycheck is the same as living on loans. Yes, a salary is not a perfect, guaranteed option, but at least you are not burdened by an obligation of debt to someone. Moreover, you are relying on yourself and your own strength, whereas credit completely destroys that foundation. Life is not perfect, and almost everyone has to borrow money at least once. However, it is one thing to have the ability to pay back debts, and quite another to constantly take on new ones.

It is false bullshit, but this forum is a breeding ground for lies and misinformation. The super majority of people are surviving through pay checks, only a minority is surviving through any kind of personal venture. However, if you consume a lot of internet content then you will get a false representation of reality and that is a breeding ground for creating false statements on anything. The data on this subject is clear, it is one of those things where we have quite good data for most countries in the world.

Employed work gives you the feeling that someone values you, if not by your merit, then at least in some way. Credit only undermines that feeling, as well as your self-confidence.

This part must be a joke though. The truth is, in most cases nobody gives a shit about you. They'd replace you with another worker as if nothing happened.   The bigger the corporation the more true this is, very few employees are important at all. For each one that think they are important, there are thousands and thousands that could easily replace them -- many of whom would be much better employees at the same job.