Challenges influencing Nepalese entrepreneurship in the UK
Creators: name: Maharajan, Ribitri
Publisher: name: Zenodo
Year: 2024

description: The research mainly aims at identifying the factors influencing start-up of Nepalese entrepreneurship and challenges faced by Nepalese entrepreneurs while operating their businesses in the UK. Although Nepalese entrepreneurs are able to set up their own businesses,they find it difficult to grow and sustain their businesses. Hence it would be important to study the factors that pose the main challenges for the growth and success of such businessesembedded with external factor of the UK.In the literature section, definition of entrepreneurship and types of entrepreneurships are discussed. In addition, various models and theories associated with entrepreneurship has been showcased. The study contributes to the entrepreneurship literature by giving new insights into immigrant entrepreneurs with specific focus on those with Nepalese origins. The study shows that presently Nepalese entrepreneurs are facing different challenges while operating their businesses in the UK. The challenges include financial and funding problems, lack of training and skills development programmes from government, culture and language barriers, networking and contacts and increasing competition from new entrants.In the methodology section, primary qualitative data has been used so that first-hand data can be collected that are reliable and authentic. Qualitative approach is advantageous as face-to-face interviews help researcher observe the body language of the respondents which secondary data fails to provide. Researcher has interviewed 20 Nepalese entrepreneurs with an idea of acquiring appropriate information for the research. Semi- structured interview questionnaire has been used by researcher for the depth study.The findings revealed the fact that immigrant entrepreneurs from Nepal had been facing many challenges in contrast to the native entrepreneurs in the UK. For example, they find it more difficult to arrange for funds and resources to start off with their business ventures and to keep it going at the same time. Particularly the Nepalese immigrant entrepreneurs tend to face many challenges such as difficulty to access finance; many of them are not too comfortable in speaking English and also face stiff competition from large scale businesses.The original contribution of the research is, it sheds the light on knowledge of Nepalese entrepreneurship which is often unseen and overlooked in the academic field. The study also provides practical implications to Nepalese entrepreneurs to expand their network with other ethnic groups rather than over lying on co- ethnic network. The study concluded that presently Nepalese entrepreneurs are facing different challenges while operating their businesses in UK. The challenges include financial and funding problems, lack of training and skills development programmes from government, language barriers, networking and contacts and increasing competition from new entrants. The policy makers should appreciate the contribution of ethnic entrepreneurs and work on its rules and regulations to promote healthy and sustainable environment for entrepreneurs. This is necessary since such entrepreneurial ventures form a significant part of the country's economic growth.