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Mentalpreneurial Differences and Similarities: Ghanaian and United States Entrepreneurs who Start Family Businesses
Abstract
This chapter identifies several challenges and positive trends that family businesses in Africa face. The challenges include relative lack of capital, lack of business freedom, and the high levels of corruption. Positive trends identified include infrastructural projects associated with the Chinese investments in Africa, the role of technology as a catalyst in helping social capital build-up of women entrepreneurs, and the strong correlation of good governance factors with indicators of ease of doing business. This chapter also identifies several similarities and the few differences that American and Ghanaian entrepreneurs face. Implications for research and lessons for prospective entrepreneurs are provided.
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