The Impact of Empretec Entrepreneurship Training Workshop on Brazilian Businesses

Abstract

The results of the research and facts listed in this work show how the entrepreneurship training workshop Empretec may benefit the performance of micro, small and medium sized enterprises in Brazil. Our work draws attention to the interaction between promoting entrepreneurship and activities of the financial industry, especially private equity funds and venture capital investors. Unlike other studies that focus on confirming that participation in entrepreneurship programs improves business performance and entrepreneurial activity, this work points out the reasons how and why Empretec contributes to bolster entrepreneurial mind-set and accomplishments and welfare in a society.

The findings suggest that Empretec is particularly effective in strengthening awareness on behaviours, emphasizing the relevance of habits, and taking advantage of the effectiveness of active learning techniques. Such evidence arises from the analysis with qualitative and quantitative tools the data from a broad nationwide survey, together with statements from participants in Empretec workshops in Brazil since 1993. Amid systematic planning and monitoring, one detected challenge to improve is record-keeping. Entrepreneurs may then access accurate, timely, and relevant information on the current situation and on external factors affecting their business, which will eventually improve their strategic and operational decision-making and, hence, enhance business performance.

Keywords: entrepreneur, entrepreneurship, entrepreneurial behavior, entrepreneurial education, Empretec

JEL Classification: L26, D10, M13, L25