Factors affecting entry into entrepreneurship for university students

Purpose: The development of entrepreneurship has a fundamental benefit for the economy of both developed and developing countries. Especially the young generation, which represents the potential for future development of entrepreneurship, has received a lot of attention in this respect. That is why this study aims at determining what are the most prominent entrepreneurial motives and barriers for university students and whether there exist statistically significant gender differences both in terms of opinions about entrepreneurship and in the assessment of individual motives or barriers. Design/Methodology/Approach: The study took place at Jan Evangelista Purkyně University in Ústí nad Labem (Czech Republic). The study was carried out via written questionnaires. The sample consisted of 1021 respondents. Results were obtained using Friedmann’s ANOVA analysis and the Mann-Whitney U Test. Findings: The three most prominent motives associated with the commencement of entrepreneurship were identified as: becoming more independent, higher salary, and market opportunities. On the other hand, the most prominent barriers obstructing new entrepreneurs were identified by students to be a lack of financial resources, fear of failure and complex administration. This study also identified statistically significant gender differences both in the willingness to start a business (men declare a higher interest in entrepreneurship than women) and in the assessment of the most prominent motives and barriers. For men, the most important motive is market opportunities and the greatest barrier is a lack of finances. Practical Implications: The precise identification of the barriers and motivations are very important for the governments and creators of public politics as young enterprises are the main source of innovations with the latest growing potential. Originality/Value: The originality of the paper can be seen in the fact, that the investigation is focussed on potential entrepreneurs while the other researches at the Czech Republic were focused on the starting entrepreneurs, i.e. on the slightly different target group.peer-reviewe

HOW MUCH WILL I EARN? EXPECTATIONS VERSUS REALITY

When choosing a career, the issue of the following employment on the labour market and related level of the salary plays an important role. There are many studies which deal with the fi ndings with respect to students’ expectations. The benefi t of our work is that we compare these expectations to the real offer by potential employers. In the framework of our research, we have chosen two different fi elds of studies, on the one hand the students of economics, who fi nd their employment in the entrepreneurial sphere, the second group was composed of students from social work, who target their careers at the area of social services and their employers will be predominantly nonprofi t organisations. We took a look as to whether there are differences between the expectations and the reality concerning both the starting salary and its increase during the fi rst three years of employment and thereby grouped into two sections (profi t and non-profi t). Our conclusions reveal that the level of the salary depends on the fi eld studied. The levels of the salary offered in the profi t and non-profi t sectors signifi cantly differ. A signifi cant difference is also obvious in the possible salary advancements in the course of the fi rst three years of employment. The students of economics are more likely to estimate the level of their starting salary, but they count on faster advancements. On the other hand, potential employers of economics graduates do not offer such an increase. In the area of social work, i.e. in the non-profi t sector, the difference between the students’ expectations and the offers by their potential employers is even greater. The students from social work see their odds for higher salaries and their advancements more optimistically, than their potential employers are prepared to offer

Factors that Positively Influence the Initiation of a Business

The aim of this study was to find out which factors are important for the initiation of a business. There were 1034 students from a regional university in the Czech Republic within the research group. It was determined that almost 23% of the students declared a positive attitude towards business and they considered their own business objectives after finishing their studies. By comparing individual factors it was noted that the most important factors were not determined by economic factors (lack of finance for the initiation of a business), but rather by social factors (family tradition)

Qualokations and wavelets

Katedra numerické matematikyDepartment of Numerical MathematicsFaculty of Mathematics and PhysicsMatematicko-fyzikální fakult

Qualokations and wavelets

Katedra numerické matematikyDepartment of Numerical MathematicsFaculty of Mathematics and PhysicsMatematicko-fyzikální fakult

How much will earn?: expectations versus reality

When choosing a career, the issue of the following employment on the labour market and related level of the salary plays an important role. There are many studies which deal with the findings with respect to students’ expectations. The benefit of our work is that we compare these expectations to the real offer by potential employers. In the framework of our research, we have chosen two different fields of studies, on the one hand the students of economics, who find their employment in the entrepreneurial sphere, the second group was composed of students from social work, who target their careers at the area of social services and their employers will be predominantly non-profit organisations. We took a look as to whether there are differences between the expectations and the reality concerning both the starting salary and its increase during the first three years of employment and thereby grouped into two sections (profit and non-profit). Our conclusions reveal that the level of the salary depends on the field studied. The levels of the salary offered in the profit and non-profit sectors significantly differ. A significant difference is also obvious in the possible salary advancements in the course of the first three years of employment. The students of economics are more likely to estimate the level of their starting salary, but they count on faster advancements. On the other hand, potential employers of economics graduates do not offer such an increase. In the area of social work, i.e. in the non-profit sector, the difference between the students’ expectations and the offers by their potential employers is even greater. The students from social work see their odds for higher salaries and their advancements more optimistically, than their potential employers are prepared to offer