The increased importance of knowledge as a source of competitiveness for modern economies suggests that the organization of industries

most conducive to innovative activity and unrestrained competition will be linked to higher growth rates. Entrepreneurial activity is generally
assumed to be an important aspect of this organization. In the present paper we investigate whether a new and promising concept, Total
Entrepreneurial Activity, influences GDP growth for 36 countries in a recent period. We will also test whether this influence depends upon the
level of economic development measured as GDP per capita. With this test we aim to investigate to what extent the role of entrepreneurship
has changed in the last decades of the 20th century. Although the limited number of observations does not allow for many competing
explanatory variables, we will examine the role of the so-called Growth Competitiveness Index. This variable captures a range of alternative
explanations for achieving sustained economic growth. In addition, we incorporate the initial level of economic development to correct for
convergence. We find that entrepreneurial activity indeed affects economic growth, but that this effect depends upon the level of per capita
income. This suggests that entrepreneurship plays a different role in countries in different stages of economic development.
he number one motivation for most entrepreneurs is that they can be their own bos
The number one motivation for most entrepreneurs is that they can be their own
boss. Not having to report to anyone, (except perhaps investors) is a dream come true for
many.
Flexibility in their hours worked. Once the company has reached a certain financial
level, owners can pick and choose when they work. This is especially important for
women with young children, or people who love to travel and like extended holidays.
Providing employment to your community. This can be a huge intrinsic value in socially
minded people. This can even extend to companies that operate overseas; for example,
helping women start up small farms in their communities in Africa.
The inner satisfaction in pleasing new and existing customers to the point of opening new
locations in the community or across the country. This is a definite challenge that
entrepreneurs live for.
The takeaway here is that there is no fast track to becoming a successful entrepreneur. There are
many considerations, not just for yourself but for your family. If you can come up with a good
definition of what success means to you and you have a fire in you belly, then youre off to a
great start.
Abstract:
The financial rewards and consequences of entrepreneurship for the individual are unknown. Prior
studies have focused on self-employment income estimates and have highlighted the low median
earnings that may be anticipated. The apparent financial irrationality of entrepreneurship is typically
explained in terms of nonpecuniary compensating factors, such as autonomy and satisfaction. However,
the financial rewards of entrepreneurship are multifaceted and include different types and amounts of
rewards at different stages of the business life cycle. More accurate reflections of entrepreneurial rewards
require researchers to move away from the use of narrow and static measures and instead focus on a
broad set of indicators that collectively contribute to overall economic well-being. Entrepreneurial rewards
are not only determined by business rationality, but are influenced by household needs that evolve over
time. Hence, the analysis of entrepreneurial rewards requires an approach that captures the processes of
reward decision making over the business life cycle while contextualizing reward decisions within the
entrepreneurial household.
Rewards
Having more than one boss. Can be a benefit and a bane. Benefit, you are no longer depends on one
revenue stream for your income and business
Have more freedom to control how you use your time.
Watching a movie in the afternoon when the rest of the world is working
Travelling during off peak seasons.
More control over your financial destiny
Tax planning purposes. Taxes are different for employees and business owners.
1. agriculture conducted on commercial principles, especially using advanced
technology.
o an organization engaged in this.
plural noun: agribusinesses; plural noun: agri-businesses
2. 2.
the group of industries dealing with agricultural produce and services required in
farming.
Origin

1950s (originally US): blend of agriculture and business.
Translate agribusiness to
Use over time for: agribusiness
gribusiness is synonymous with corporate farming. It combines the words agriculture and business and it
involves a range of activities
Agribusiness refers to the business of farming, although, oddly, the term is not often used in correlation
with actual farms
Entrepreneurship & SME Development . Entrepreneurship ...
SME EntrepreneurshipAfDB-Supporting social entrepreneurship
Local minority entrepreneurship program
... Learning, Equity and Accountability Program Support Project. Mar 18, 2014. ...
Government; Client Connection;
PhilDev Awarded USAID Grant to Help Promote High Tech
Social Entrepreneurship in the Philippines