NDLI: Entrepreneurship as a non-profit-seeking activity

Content Provider	Springer Nature Link
Author	Benz, Matthias
Copyright Year	2006
Abstract	It is typically assumed that people engage in entrepreneurship because there are profits to be made. In contrast to this view, this paper argues that entrepreneurship is more adequately characterized as a non-profit-seeking activity. Evidence from a broad range of authors and academic fields is discussed showing that entrepreneurship does quite generally not pay in monetary terms. Being an entrepreneur seems to be rather rewarding because it entails substantial non-monetary benefits, like greater autonomy, broader skill utilization, and the possibility to pursue one’s own ideas. It is shown how incorporating these non-monetary benefits into economic models of entrepreneurship can lead to a better understanding of the phenomenon.
Starting Page	23
Ending Page	44
Page Count	22
File Format	PDF
ISSN	15547191
Journal	International Entrepreneurship and Management Journal
Volume Number	5
Issue Number	1
e-ISSN	15551938
Language	English
Publisher	Springer US
Publisher Date	2006-12-29
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Entrepreneurship Self-employment Wage and return differentials Non-monetary work benefits Job satisfaction Business/Management Science Management/Business for Professionals
Content Type	Text
Resource Type	Article
Subject	Management Information Systems Management of Technology and Innovation

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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Entrepreneurship as a non-profit-seeking activity