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Entrepreneurship is something above and beyond risk-bearing or even ownership of the enterprise, even though any or all of these functions may happen to be performed by the same person in individual instances. Entrepreneurship is a primary catalyst for economic growth and regional development. Recognizing its importance, state and local policymakers are now devoting considerable resources to fostering entrepreneurship. Entrepreneurship is often considered an activity for the young but this analysis demonstrates the economic development potential embodied in the skilled human capital of older individuals. Drawn from Ting Zhang’s thesis this book synthesizes the literature from a variety of disciplines to describe the phenomena of elderly entrepreneurship and explore its public policy implications.

Entrepreneurs face a myriad of internal and external challenges. Within their companies, they need to offer a superior product or service. Entrepreneurship prepares students for the creation and achievement of their entrepreneurial pursuits. The program equips students to develop an understanding of the entrepreneurial process and provides the knowledge and skills that are required to be successful. Entrepreneurial people can be found in existing, well-established businesses, in the public sector, in hospitals, in the police service, in churches, in community development projects and in universities, to mention just a few. Whether focused on establishing a new venture or developing an existing enterprise, they are people who have the traits and skills needed to make a difference.

Social enterprises will operate in complex partnerships with the private and public sector that may have a strong impact upon the developmental path of the organisation and issues related to funding. Indeed, income will frequently come from a combination of commercial and non-commercial sources.

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