Different Strokes for Different Folks: Stimulating Entrepreneurship in Regional Communities

TitleDifferent Strokes for Different Folks: Stimulating Entrepreneurship in Regional Communities
Publication TypeBook Chapter
Year of Publication2007
Series EditorMazzarol, T
Book TitleInternational Handbook of Research on Indigenous Entrepreneurship
PublisherEdward Elgar Publishing
CityCheltenham UK, Northampton MA, USA
ISBN Number978-1-84376-834-0

Throughout the world governments are seeking to encourage entrepreneurship and stimulate the creation of new business ventures.  This is particularly the case in rural or regional areas, and among indigenous populations.  Rural and indigenous communities are of particular interest, as these tend to have high levels of unemployment and underemployment.  Within Australia, various agencies and policies are tasks with assisting new venture creation within regional communities.  This study examines the perceptions of different communities toward a set of triggers and barriers to the creation of a new business venture.  Drawing on a sample of 253 respondents the perceptions of six different sub-populations where examined including: those who had already launched a business venture (owner-managers) and those who had not (nascent entrepreneurs); persons located in urban and rural areas; and indigenous and non-indigenous communities.  Findings suggest significant differences exist between these communities in how they perceive the importance of various triggers and barriers. While established owner-managers are more pragmatic, nascent entrepreneurs may be triggered by their desire to fulfill a dream.  Rural communities may be triggered by the desire to find more meaningful employment, but must overcome barriers associated with lack of skills and poor economic outlook.  In comparison urban communities may be triggered by the desire to make better use of individual talent.  Within indigenous communities the major triggers appear to be both financial and personal, with many seeing self-employment as a means of enhancing social status.  However, indigenous communities may face major barriers in finding suitable employees, getting support for the venture idea, and overcoming a fear of failure.  These findings are discussed in the context of regional economic development with recommendations for future policy by government and non-government agencies seeking to generate more new venture start-ups.