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Teaching personal initiative beats traditional training in boosting small business in West Africa

Year: 2017

Type: article

Abstract: Helping people and their businesses grow Many lower-income people in developing countries do not receive a wage but instead are self-employed in small firms of fewer than five workers. Helping entrepreneurs to grow small businesses by teaching them formal business skills has yielded mixed results. Campos et al. show that teaching entrepreneurial skills to the self-employed works much better in terms of increasing both sales and profits. The entrepreneurial training relies on psychological mechanisms that enhance personal initiative. Science , this issue p. 1287

Source: Science

DOI: 10.1126/science.aan5329