28 Overcoming Adversity: Priorities of Disadvantaged Entrepreneurs Participating in a Holistic Community Intervention Program
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Susan McDonald
Abstract
The chapter summarizes insights from successful entrepreneurs from poverty and disadvantaged backgrounds who were participants in an entrepreneurship and adversity intervention program. Attention is devoted to assessing their motives for pursing entrepreneurship and the unique challenges they confronted in building their businesses. The nature of success, how it is defined, and key success factors are explored. Aspects of intervention programs that were perceived to be especially useful, together with ongoing needs, are identified. Based on the findings, the author introduces a model of success.
Abstract
The chapter summarizes insights from successful entrepreneurs from poverty and disadvantaged backgrounds who were participants in an entrepreneurship and adversity intervention program. Attention is devoted to assessing their motives for pursing entrepreneurship and the unique challenges they confronted in building their businesses. The nature of success, how it is defined, and key success factors are explored. Aspects of intervention programs that were perceived to be especially useful, together with ongoing needs, are identified. Based on the findings, the author introduces a model of success.
Chapters in this book
- Frontmatter I
- De Gruyter Handbooks in Business, Economics and Finance V
- Contents VII
- List of Contributors XI
- Preface XXI
-
Part 1: Understanding the Poverty and Entrepreneurship Interface
- 1 Toward a New Paradigm for Poverty Entrepreneurship 1
- 2 The Challenges of Poverty When Starting a Business 25
- 3 Opportunity Recognition Through the Lens of Poverty 43
- 4 Theoretical Frameworks for Research on Poverty and Entrepreneurship: A Review and Agenda for Future Research 61
-
Part 2: Contextual Variables Affecting Poverty and Entrepreneurship
- 5 The Informal Economy and Poverty in Developing and Emerging Economies: Outlining a Process of Semi-formalization to Support Development 111
- 6 Understanding Entrepreneurship and the Informal Sector 135
- 7 Business Formalization, Government Program Participation, and Civic Engagement: Evidence from West Java, Indonesia 157
- 8 Entrepreneurship and Poverty: A Comparative Institutional Perspective 183
- 9 Ecosystems and the Poverty Entrepreneur 207
- 10 It Takes a Village: Towards Entrepreneurial Ecosystems Dedicated to the Poor 229
- 11 Child Entrepreneurs in Bangladesh: The Role of the Poor Family in Initiating Businesses 253
- 12 From Surviving to Thriving: The Multiplier Effect of Women’s Entrepreneurship in Emerging Markets 269
- 13 The Impact of Poverty, Disadvantages, and Entrepreneurship Among Refugee Women Entrepreneurs in Glasgow- Scotland 295
- 14 Beyond the Narrative: Exploring the Myths of Race, Poverty, and Entrepreneurship 331
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Part 3: Mechanisms to Facilitate Sustainable Entrepreneurship
- 15 The Psychology of Poverty-Based Entrepreneurs: Faith-Community Involvement, Status Hierarchies, and Venture Flourishing 357
- 16 Faith and Entrepreneurial Decision- Making: Case Experiences with People in Poverty Circumstances 381
- 17 Poor Entrepreneurs’ Strategies to Overcome Resource Constraints 403
- 18 Entrepreneurial Hustle and the Poverty Entrepreneur: Uncovering Alternative Means to Achieve Success 429
- 19 Microfinance for Poverty Entrepreneurs: Addressing Gender-Based Violence for Business Success 445
- 20 Alternative Funding Mechanisms for Low-Income Entrepreneurs in Sub-Saharan Africa 465
- 21 Microfranchising and the Poor 493
- 22 Patterns, Process, and Socioeconomic Impacts of Smallholders’ Agro-machinery- Based Entrepreneurship in Bangladesh 513
- 23 Marketing Practices and the Entrepreneurial Success of Women in Côte d’Ivoire: The Role of Cultural Systems 533
- 24 The Cooperative Enterprise and Poverty Reduction in Africa 553
- 25 Approaches to Mentoring When Supporting Poverty Entrepreneurs 577
-
Part 4: Priorities for Advancing the Poverty and Entrepreneurship Interface
- 26 Critical Perspectives on Research Priorities at the Poverty and Entrepreneurship Interface 607
- 27 Fostering Poverty Entrepreneurship: A Review of Key Policy Needs and Approaches in the United States 619
- 28 Overcoming Adversity: Priorities of Disadvantaged Entrepreneurs Participating in a Holistic Community Intervention Program 643
- 29 Priorities When Attempting to Scale a Poverty Intervention Program 667
- List of Figures 691
- List of Tables 693
- About the Editors 695
- Index 697
Chapters in this book
- Frontmatter I
- De Gruyter Handbooks in Business, Economics and Finance V
- Contents VII
- List of Contributors XI
- Preface XXI
-
Part 1: Understanding the Poverty and Entrepreneurship Interface
- 1 Toward a New Paradigm for Poverty Entrepreneurship 1
- 2 The Challenges of Poverty When Starting a Business 25
- 3 Opportunity Recognition Through the Lens of Poverty 43
- 4 Theoretical Frameworks for Research on Poverty and Entrepreneurship: A Review and Agenda for Future Research 61
-
Part 2: Contextual Variables Affecting Poverty and Entrepreneurship
- 5 The Informal Economy and Poverty in Developing and Emerging Economies: Outlining a Process of Semi-formalization to Support Development 111
- 6 Understanding Entrepreneurship and the Informal Sector 135
- 7 Business Formalization, Government Program Participation, and Civic Engagement: Evidence from West Java, Indonesia 157
- 8 Entrepreneurship and Poverty: A Comparative Institutional Perspective 183
- 9 Ecosystems and the Poverty Entrepreneur 207
- 10 It Takes a Village: Towards Entrepreneurial Ecosystems Dedicated to the Poor 229
- 11 Child Entrepreneurs in Bangladesh: The Role of the Poor Family in Initiating Businesses 253
- 12 From Surviving to Thriving: The Multiplier Effect of Women’s Entrepreneurship in Emerging Markets 269
- 13 The Impact of Poverty, Disadvantages, and Entrepreneurship Among Refugee Women Entrepreneurs in Glasgow- Scotland 295
- 14 Beyond the Narrative: Exploring the Myths of Race, Poverty, and Entrepreneurship 331
-
Part 3: Mechanisms to Facilitate Sustainable Entrepreneurship
- 15 The Psychology of Poverty-Based Entrepreneurs: Faith-Community Involvement, Status Hierarchies, and Venture Flourishing 357
- 16 Faith and Entrepreneurial Decision- Making: Case Experiences with People in Poverty Circumstances 381
- 17 Poor Entrepreneurs’ Strategies to Overcome Resource Constraints 403
- 18 Entrepreneurial Hustle and the Poverty Entrepreneur: Uncovering Alternative Means to Achieve Success 429
- 19 Microfinance for Poverty Entrepreneurs: Addressing Gender-Based Violence for Business Success 445
- 20 Alternative Funding Mechanisms for Low-Income Entrepreneurs in Sub-Saharan Africa 465
- 21 Microfranchising and the Poor 493
- 22 Patterns, Process, and Socioeconomic Impacts of Smallholders’ Agro-machinery- Based Entrepreneurship in Bangladesh 513
- 23 Marketing Practices and the Entrepreneurial Success of Women in Côte d’Ivoire: The Role of Cultural Systems 533
- 24 The Cooperative Enterprise and Poverty Reduction in Africa 553
- 25 Approaches to Mentoring When Supporting Poverty Entrepreneurs 577
-
Part 4: Priorities for Advancing the Poverty and Entrepreneurship Interface
- 26 Critical Perspectives on Research Priorities at the Poverty and Entrepreneurship Interface 607
- 27 Fostering Poverty Entrepreneurship: A Review of Key Policy Needs and Approaches in the United States 619
- 28 Overcoming Adversity: Priorities of Disadvantaged Entrepreneurs Participating in a Holistic Community Intervention Program 643
- 29 Priorities When Attempting to Scale a Poverty Intervention Program 667
- List of Figures 691
- List of Tables 693
- About the Editors 695
- Index 697