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Arabian Journal of Business and Management Review
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  • Research Article   
  • Arab J Bus Manage Rev 2017, Vol 7(4): 314

Entrepreneurial Opportunities and Financing Sources in a Developing Economy: A Focus on Nigeria

Omoregie OK*
Lagos Business School, Pan-Atlantic University, Nigeria
*Corresponding Author : Omoregie OK, Lagos Business School, Pan-Atlantic University, Nigeria, Tel: +234 1 712 1728, Email: [email protected]

Received Date: Jul 28, 2017 / Accepted Date: Sep 12, 2017 / Published Date: Sep 20, 2017

Abstract

The link between entrepreneurship and economic development has been well established. Macroeconomic dislocations, infrastructure deficiencies, and limited access to sources of financing are some of the factors militating against the development of thriving entrepreneurship and development of sustainable organizations in developing countries like Nigeria. This paper argues that these challenges in themselves should create the emergence of entrepreneurial opportunities directed towards solving these problems. The buyer experience cycle and utility matrix, and the entrepreneurial process: Renewal, Regeneration and Intrapreneuring were used to illustrate how entrepreneurs can develop and grow business opportunities. Some entrepreneurial financing sources and strategies were also proposed.

Keywords: Entrepreneurship; Intrapreneurship; Intrapreneuring; Social entrepreneur; Buyer experience cycle; Buyer utility map

Citation: Omoregie OK (2017) Entrepreneurial Opportunities and Financing Sources in a Developing Economy: A Focus on Nigeria. Arabian J Bus Manag Review 7: 314.

Copyright: © 2017 Omoregie OK. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

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