Developing an entrepreneurial mindset in a resource-constraint environment

Abstract

The purpose of this research is to examine unemployment through the lens of entrepreneurship in order to combat the high unemployment rate and create a new mindset of opportunity creation. The study will delve into the subject of entrepreneurial mindset (EM) and the factors that influence it in order to gain new insights and develop strategies for enabling society to self-correct and increase economic activity using what is available and within reach in a resource-constrained environment. A qualitative methodology exploratory study was conducted from 13 entrepreneurs that are just starting out on their entrepreneurial journey as a sample, and results from the data collected was analysed deductively to understand how they respond to challenges in a resource-constraint context. From the data gathered and analysed through a thematic analysis, the findings established that adopting a growth mindset and establishing professional networks were critical components of developing an entrepreneurial mindset. This research paper, however, was only limited to the views and stories of start-up entrepreneurs that had successful journeys but did not cover their failures in an extent.