Entrepreneurship in developing nations; often a sign of joblessness

In developed nations, entrepreneurship often comes from innovative ideas, the drive to meet consumer needs, enhancing market presence, and ultimately maximizing profits. But in developing nations, it's a different story. Here, people often dive into entrepreneurship mainly due to a lack of jobs. This leads to a crowded market where everyone seems to be chasing the same customers. You don’t see much creativity, just a lot of similar businesses popping up everywhere. So, it’s clear that genuine entrepreneurship is more commonly found in developed countries.

Majority of what is referred to as entrepreneurship is just a one man’s business, that is somebody doing business for the purpose of trying to survive with the money he makes from it,  not a business that has been set up to create innovative solution to a problem that has been identified. So it is mostly business in developing countries and not entrepreneurship.

I am an entrepeneur and has strat my own business since graduating from college and I think decide to be an entrepreneur on developing country not always because survival needed but mostly because curiousity to solve a problem that we find in our near environment, and i think it is same bot in developed, developing even on under developed country. But i can not deny that developed country produce more sclable and innovative entrepreneurs and i think it is because easy access to resources especially technology access, advance education and research and the most i,mportant thing the access to investment. With those circumstance, developed country create  spaces for growth which allowing small idea s become larger business, its very different with my country where many people has limited access to capital which leaving business stuck in midi level and can not grow. So all countries have entrepreneurs but not all countries has structure to support entepreneur to grow advance.

I like your last sentence because it hits the nail on the head of why entrepreneurship differs in both developing and the more developed societies. In developing countries, entrepreneurship may be a result of personal ambition or frustration from the failed system of a 9-5 job and this doesn't matter to the government because all they care for is their taxes and revenue without a solid plan on providing grants or scholarships or seminars to help the growing population of entrepreneurs. Whereas in developed countries, entrepreneurship might be easier as already noted because of access to good facilities and programs designed to help out, of which makes things flow better and profit driven to provide more jobs to the society thus reducing unemployment drastically.

Completely made up, false nonsense. Then again, everything is being labeled as entrepreneurship these days. It is as if you went to play soccer once in your life, and then you call yourself a soccer player. Sure, by definition you might be - but if you are the kind of person that does this, you are an incompetent idiot in life. Let's see what Wikipedia actually defines this as: Merely doing whatever on your own as in reselling some goods with the lowest effort possible should not even be seen as entrepreneurship. It is lazy and useless, it is survival of the fools that do not have any kind of specific skills. Therefore, your whole claim rests on defining these kinds of idiots as entrepreneur -- those that do the same kind of thing over and over again and depend on "seasonality" for sales. They don't innovate, they don't learn, they do not improve. Calling such people entrepreneurs is a joke. If you don't count these people as such, your whole claim collapses. The truth: real Entrepreneurship happens in both kinds of countries for similar reasons.

I wanted to disagree, but taking a more careful look at what's happening around me, perhaps that's indeed the case. It seems to me much of the kind of entrepreneurship in a developed country like mine is forced upon them by dire circumstances. The decision is not reached based on sheer interest or desire but by the fact that they need to survive. It's also probably the reason why there seems to be a lack of sophistication, innovation, creativity, heart, and the like in entrepreneurship here. It seems what they're entirely after is the income. Art, personal touch, and whatnot have no place. Those are probably deemed dispensable and even unnecessary addition to cost, effort, and so on.  This makes me feel sad.

Its just a problem of capital and connection. What people in developing country gonna do when they don't have both capital and the connection, the only business they can do is a business that everyone else can do. Unlike in the developed country where you can aim for a higher, more profitable business. Nobody in developing country could replicate what Elon has done with SpaceX and Starlink with that amount of capital invested. There is always entry barrier and developing country got none of the resources needed to surpass that entry barrier.

Nope! Entrepreneurship exists to pursue one goal and reason, regardless of which country or type of economy they're in. And yep, those ideas you listed above are the entrepreneur's top priority. You might've thought that unemployment in developing countries is the root cause of the rapidly growing number of entrepreneurs from a financial standpoint, but no, it was unemployment that taught them to think rationally, and they are not doing it just to survive, but with the same goal as every other entrepreneur around the world. The only thing that differs is where they're coming from and how they come up with such an idea.

Another feature is the difference in the scale of the business. In developing countries, these are usually small businesses, often related to services or transportation. In developed countries, it happens that a small startup grows into a unicorn (there are many examples of this in the field of IT and AI). The reason for this difference is in investments. In developing countries, an entrepreneur can at most take out a small loan from a bank to develop his business. The high level of competition and lack of innovation among small entrepreneurs is also explained by the lack of money in the economy.

First, we need to understand why a country develops. If a country has proper education and good moral standards, then that country will develop. Because only with education will people gain the ability to innovate. But in developing countries or underdeveloped countries, there is a lack of proper education and knowledge, they cannot innovate and use it in business. I think this is the main problem. Because of this problem, entrepreneurs in developed countries are more successful, but entrepreneurs in developing countries are seen as victims of losses.

Everything has to depend on the entrepreneur; most times, it's not only about the location, but also what we are set to do at each of the locations we are found. Some people have a good business strategy that does not limit them to where they are, as we all need entrepreneurship in both developed and developing countries, because it serves as the means through which people in society can survive by what has been produced from the economy.

If you have a million dollar idea, it is easier to raise the capital, even if you are from a developing country if you can pitch something that is incredible and has business sense, it will succeed, rest will die out eventually, like most of the alts  .  It is important to have some sort of support from the government and the banking sector to raise the capital needed for any business and as long as raising capital is not a big hurdle and if you are able to attain subsidized loans and grands it will be easier considering the project you are able to create.

I actually just watched a Instagram Reels about this, In my country Indonesia a lot of new food stands are popping off everywhere, and the reel said this is one of the indications that the average salary isn't enough. You’ve hit on a core truth that many economists are finally acknowledging this year. While the West celebrates "disruption," many businesses in developing countries are born from desperation, not inspiration. But if we take a look a macro economic everything is unpredictable right. The oil price is skyrocketed and because of it lot of price are gonna up because the domino effect.

The capital required to become an entrepreneur is very difficult to obtain in developing countries. Even the society of those countries is responsible for not being able to produce entrepreneurs. In developing countries, a job holder is valued more than an entrepreneur. The family, society, educational institutions and the government also give more priority to the job and none of them give importance to the innovative plan of an entrepreneur or help in implementing that innovative plan. The main reason for this is the education system of the country, the education system of these countries prefers to produce job holders rather than producing entrepreneurs. Here we cannot blame the unemployed youth or the younger generation. We can ask the government, society, family and educational institutions of that country why entrepreneurs are not produced. The environment required to become an entrepreneur is not there in underdeveloped and developing countries.

You are sad because many other people are lazy twats that are uneducated and unskilled and because of that they have to grind around various activities in order to survive financially?   How many of these "entrepreneurs" spend all their time in between customers on their smartphones browsing social media or playing some silly childish games?   Why would someone from the developed and rich world provide connections and capital for someone who is uneducated, unskilled and has a culture of plundering and cheating? Really? You'd have to be insane to do that unless there are various gains to be had, like psychopaths do with their various NGOs and "saving other people" operations worldwide. It is because the definition of entrepreneurship here is messed up, he and many such people consider entrepreneur to be also people who are selling some food or coffee in small street vendors every single day. However, that is false and misleading. Those that engage in repetitive tasks, do not innovate, do not improve their business in any significant way but treat it like a regular job are not entrepreneurs. Unless there is something innovative about those, whether in terms of the offering or the way it is being done or something in that direction, those are not entrepreneurs. To claim otherwise is just ridiculous. Otherwise I could open 1000 legal businesses by simply registering them all, and now I am the most dedicated entrepreneur of the USA?

Seems to me that you’re misinterpreting what entrepreneurship entails for something else. In developed countries, they come about ideas to help expand their entrepreneurial skills, often tend to enlarge their coast more, bringing about new ideas on how something can be done differently than it is done before. A person starting up a grocery store is venturing into a business but a person that is having the ideas to create something new by applying skills and ideas into how this grocery can be better sold for good profit is an Enterpreneur. All entrepreneurs are business people but not all business people are entrepreneurs. This is where the distinct comes between how the developed countries and developing countries sees entrepreneurship. In developing countries, it is seen as business but in developed countries it is seen as entrepreneurship.

We're in a developing country and many who have an idea to do business are doing it. It's not because they're unemployed but because they want to get out of employment where someone holds their time and they don't want a schedule of office. But they're facing the reality that having a business makes them work 24/7 because they're working for their own business and not someone else's. The dilemma of many of them isn't about the hustle, the grit or the effort but the government who lacks supports to entrepreneurs and they're even the ones which itself is an obstacle through red tape or paper works.

Entrepreneur in word meaning means tat you are basically in simple terms, starting your own business. Doesn't matter if it's just a website, doesn't matter if it's more, it just means that we are talking about something that would be quite good on the long run and we need to make sure that we are dealing with something that would be fine and that is the most important part. I think it's clear that we are dealing with something that will not be that complicated if we just want to start a business, that means we are a n entrepreneur, it's that simple. Obviously being one is not so simple, becoming one is, because when you do won your business, there are so many things that could go wrong and it is definitely a big deal.

In developing countries with a case study of mine, what we see is in my estimation is not entrepreneurship it is rather small businesses . There’s is nothing entrepreneurial about majority of them because they are reinventing the wheel. Everyone is doing the same thing. Entrepreneurship is about innovation, and solving real problems. Having an online store on WhatsApp is not entrepreneurship.

Entrepreneurship is a spirit, it is not defined by by rich or poor. It is a creative and resourceful personality, someone who is prepared to experiment and embraces failure as a necessity - it's a very rare case that you will get lucky the first time, but rather you build your own luck by figuring out all the things that don't work. Often it requires a lot of perseverance because many people will quit along the way. You have to be efficient, always optimizing and seeking out new combinations of ideas. The biggest thing is being able to figure out and maximize new niches. All of these traits overlap whether you live in a richer country or one with a lot less money.