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Career Transitions to Entrepreneurship: Case Studies From Real-World Transformations
Abstract
This chapter examines the motivation and strategies required for shifting from traditional employment to entrepreneurship through cases of successful entrepreneurs who had started their careers as an employee. Through qualitative analysis of interview articles entrepreneurs, the chapter examines the reasons for taking this career shift, the issues faced, which strategies are applied, and what impact they made on society. Both intrinsic motivations such as self-actualization, and external motivations such as money, are responsible for this change. Entrepreneurs experience hurdles such as different mindsets, lack of skills, financial constraints, and stress. Some of the most favorable approaches to cope with these factors include development, training, networking, and flexibility. Implications of these shifts especially on a personal and economic scale in terms of job creation and industries evolution are also highlighted. Further research should explore prospective research designs, compare different industries, examine the role of technology, and consider cultural differences.
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