Abstract
Original language | English |
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Place of Publication | Birmingham |
Publisher | Aston University |
ISBN (Print) | 9781854496942 |
Publication status | Published - Feb 2007 |
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Bibliographical note
entrepreneurship, graduates, black and minority ethnic, characteristics, motivations, financeKeywords
- RP0708
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Black and minority ethnic graduate entrepreneurs: motivations, characteristics and access to finance. / Hussain, Javed; Hannon, Paul; Millman, Cindy.
Birmingham : Aston University, 2007.Research output: Working paper
TY - UNPB
T1 - Black and minority ethnic graduate entrepreneurs: motivations, characteristics and access to finance
AU - Hussain, Javed
AU - Hannon, Paul
AU - Millman, Cindy
N1 - entrepreneurship, graduates, black and minority ethnic, characteristics, motivations, finance
PY - 2007/2
Y1 - 2007/2
N2 - This paper draws upon four case studies to examine characteristics, entrepreneurial motivations and access to finance of black and minority ethnic (BME) graduates in the UK. We find that BME graduates starting a business are motivated by a desire to “do better”, and rely heavily on personal savings and family sources for start-up capital. In addition: • There is no conclusive evidence that suggests in this study that BME graduates entered entrepreneurship because of unemployment; with the exception of a few, all had jobs prior to entering self employment. • “Glass ceilings” were often cited by participants of the case studies as a kind of barrier, but there was reluctance to specify exactly what that meant. • Also, lack of satisfaction from working for others is considered to be a strong motivator for entering self-employment but other reasons, to be one’s own boss and the prospect of higher earnings, are also strong motivators. There is, therefore, a need for support agencies and universities to recognise the distinctive nature of BME graduate enterprise in order to provide effective solutions for different groups. This might include a) work experience, b) advice on an adequate capital structure at start up, c) adequate funding and training, and d) appropriate training for all graduates in basic business education.
AB - This paper draws upon four case studies to examine characteristics, entrepreneurial motivations and access to finance of black and minority ethnic (BME) graduates in the UK. We find that BME graduates starting a business are motivated by a desire to “do better”, and rely heavily on personal savings and family sources for start-up capital. In addition: • There is no conclusive evidence that suggests in this study that BME graduates entered entrepreneurship because of unemployment; with the exception of a few, all had jobs prior to entering self employment. • “Glass ceilings” were often cited by participants of the case studies as a kind of barrier, but there was reluctance to specify exactly what that meant. • Also, lack of satisfaction from working for others is considered to be a strong motivator for entering self-employment but other reasons, to be one’s own boss and the prospect of higher earnings, are also strong motivators. There is, therefore, a need for support agencies and universities to recognise the distinctive nature of BME graduate enterprise in order to provide effective solutions for different groups. This might include a) work experience, b) advice on an adequate capital structure at start up, c) adequate funding and training, and d) appropriate training for all graduates in basic business education.
KW - RP0708
M3 - Working paper
SN - 9781854496942
BT - Black and minority ethnic graduate entrepreneurs: motivations, characteristics and access to finance
PB - Aston University
CY - Birmingham
ER -