Entrepreneurship in Jordan: Policies, Barriers and Stakeholders

Abstract

Government policies and strategies play a critical role in developing the capabilities of young entrepreneurs, particularly in the face of severe competition that necessitates new competencies and the ability to adequately address emergent difficulties. Whereas its assists and supports numerous projects by providing cash to promote entrepreneurship among young people and combat unemployment. Also, becoming an entrepreneur has some advantages for young people by deepening their human capital characteristics and capabilities, such as skill development to increase socioeconomic and personal benefits, create jobs, increase a sense of innovation, improve business competition, and respond to changing economic opportunities. Entrepreneurship, on the other hand, is a risky and difficult process with numerous hurdles and impediments to overcome when starting a business. Furthermore, a lack of vital information, essential skills, and counsel exacerbates these issues and extends them throughout the entire process of running a venture project. This paper discusses entrepreneurship as a purposeful activity and a practical application of entrepreneurial abilities. These discussions regarding these processes covered issues such as Jordanian policies and strategies that foster entrepreneurship, the barriers and challenges that entrepreneur’s face, and who the stakeholders are.