Entrepreneurship and its worth

Let’s begin with an example:

no entrepreneurship can happen with donations.

a successful entrepreneur stating, who entirely financed himself.

Yet, in a donor-driven country like Nepal, with barely any access to seed and no access to venture capital, what is the alternative? Also, if this were the case, why has almost any international donor organization put entrepreneurship high on their agendas?

On the one hand, because you almost have to as it has become somewhat of an all-purpose tool. Similarly, to what I argue in the section about sport for development (>>here), which people claim can tackle all social ills the SDGs’ seek to address. On the other hand, because it sells well. Thus, also analogous to what can be said about sport’s mass and media appeal.

Also, when I discuss the sport-business ethical dilemma (>>here), I am addressing the situation when both fall into the high performance domain with its paradigms of, ‘bigger, better, wider’ or ‘bigger, better, broader’ respectively. Personally, I believe in both the power of sport and entrepreneurship; just not in their peak models (read 2018 FIFA WorldCup versus Lehman Brothers, etc.). Nevertheless, during my personally first mapping of the so called entrepreneurial ecosystem across Nepal, I couldn’t shake off the feeling that this is exactly what we were looking for: to find the next Google.

It would make sense as performance indicators tend to ask for a dollar amount increase in income, rather than the benefits of an entrepreneurial mindset more generally. For instance, people might become more resourceful or capable of accepting failure; so perhaps are  happier with their lives, but not necessarily financially better off. Once again, I cannot help myself but to compare it yet once more with a sport for development paradox: here, it is oftentimes easier to measure the numbers of people thrown into the talent development machine of the Global North than seeing the benefits of sports on a personal / individual or collective / communal level.

My vision is to promote healthy living in Surkhet.

a gym owner in Western Nepal

Indeed,

Entrepreneurship is about income generation

a student at the Mid-Western University

But, it is also about living out a passion (‘I am passionate about fitness’) or doing something for others (‘while creating jobs for others’).

So, what I am saying is that an entrepreneur does neither always only have to run a successful business, nor would s/he need to generate any (additional) income. Yet, seizing opportunities, where others only see risks; overcoming hurdles, where others stumble; are attitudes that help more than just the economy. It enables society and forges a culture of participation and forward-thinking!

‘It isn’t always about quick wins. It is about being patient and believing in one’s long term vision as the fruits of one’s labour may not always be evident from the start.’

a successful entrepreneur and business Mogul

This, then, leads us to the first dimension we tried to understand while studying the entrepreneurial ecosystem: the business environment. Knowing about the intrinsic and extrinsic motivational factors to be or aspire to become an entrepreneur are important facets of such a system and will be discussed in the next section (>>here)