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Financial Education and Inclusion: Fundamental Aspects for Success of Entrepreneurs

Financial Education and Inclusion: Fundamental Aspects for Success of Entrepreneurs
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Author(s): Omar Alonso Patiño Castro (EAN University, Colombia)
Copyright: 2018
Pages: 23
Source title: Handbook of Research on Intrapreneurship and Organizational Sustainability in SMEs
Source Author(s)/Editor(s): Rafael Perez-Uribe (Universidad de la Salle, Colombia), Carlos Salcedo-Perez (EAN University, Colombia)and David Ocampo-Guzman (EAN University, Colombia)
DOI: 10.4018/978-1-5225-3543-0.ch007

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Abstract

One of the greatest drawbacks for entrepreneurship is to achieve the financial sustainability of a project in the short term. This is a phase of the venture in which mistakes can be made and ideas can be considered; in the beginning, they can be considered as good ideas, but they are usually not brought to a happy end because of wrong decision making. Being the access to venture capital a vital need for a project, it is very possible that the decisions that are made are not accurate and with this, financial pressure is placed on a project that, at its outset, requires support in this regard. Due to the above, the improvement in the levels of financial education and the early insertion in the financial services is a decision that helps to improve the quality of decision making and with this, to have greater certainty about the possibilities of success that an entrepreneurship project can have.

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