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Motivation, Success, and Problems of Entrepreneurs in Venezuela

Author(s): Monica A. Zimmerman, Hung Manh Chu

Citation: Monica A. Zimmerman, Hung Manh Chu, (2013) "Motivation, Success, and Problems of Entrepreneurs in Venezuela," Journal of Management Policy and Practice, Vol. 14, Iss. 2, pp. 76 - 90

Article Type: Research paper

Publisher: North American Business Press


This study examines motivations of entrepreneurs in Venezuela, problems they face, and success factors.
Results indicate that the desires of Venezuela based entrepreneurs to be one's own boss and to increase
one's income are important motivators. Competition, a weak economy, and foreign exchange limitations
are problems, while good general management skills, appropriate training, accurate record keeping, and
political involvement are success factors. This paper examines multiple dimensions of entrepreneurs in a
single context and so provides an integrated analysis. This paper also expands our understanding of
Venezuela based entrepreneurs and contributes to the understanding of entrepreneurs around the globe.