Entrepreneurship is increasingly becoming the viable career choice to many individuals as compared to finding employment. This is attributed to the economic instability, harsh working environments, and individual needs for fulfillment and personal control (Westhead & Wright, 2013). The author in his research indicates that self-efficacy, family background, and gender as well as individual perceptions on entrepreneurship influence individuals to become entrepreneurs.
To become an entrepreneur, self-efficacy is critical as it greatly influences individual’s career choices. Scholars argue that higher entrepreneurial self-efficacy gives individuals the motivation to become entrepreneurs. Further, parental guidance in making career choices tilts an individual to try out a career in entrepreneurship. Although men are highly likely to become entrepreneurs as compared to women, research indicates that gender differences are important in assessing self-efficacy in individuals. In U.S today, women are less likely to think about becoming entrepreneurs. This is in spite of the fact that men and women have equal opportunities in terms of financial, social, and human capital (Westhead & Wright, 2013).
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Motivation theory suggests that individuals are motivated by the perceived entrepreneurial benefits to become entrepreneurs. Individual perceptions on costs and benefits of entrepreneurship push or pull them into entrepreneurship. In many cases, job dissatisfaction and work environments push many towards entrepreneurship. Satisfaction in life in terms of money and jobs is a critical factor in the choice for a career in entrepreneurship. The world of technology today has created nascent entrepreneurs who continue to create jobs and make working conditions of many satisfying (Westhead & Wright, 2013).
From the chapter, it is evident that entrepreneurship is a field of study that significantly influences my career choice. Ultimately, entrepreneurship education accelerates the world’s economic development and venture creation that spur entrepreneurship and economic independence.
Reference
Westhead, P., & Wright, M. (2013). Entrepreneurship: A very short introduction . OUP Oxford.
