Disabled Entrepreneurs Literature review Example | Topics and Well Written Essays - 3000 words

Disabled Entrepreneurs - Literature review Example A disability is a condition or function judged to be significantly impaired, relative to the usual standard of an individual or group. The term is used to refer to individual functioning, including physical impairment, sensory impairment, cognitive impairment, intellectual impairment, mental illness and various types of chronic disease. Furthermore, people with disability make up 20% of the total population of the poorest people in the world. There are 10 million individuals with disability in the UK alone, which comprises 18% of the total population of employed individuals (Wood et al., 2012: p. 146). A large number of disabled individuals have by now built opportunities or prospects for themselves by means of entrepreneurship. The advantages of entrepreneurship for these disabled people rest largely in their self-reliance and in the chance to engage in their own business decision-making, the capability to make their own timetable and pace, and the prevention of stereotypes and discrimination that are at times observed in the practise of recruitment, leading to underemployment or unemployment. Decreased transportation difficulties offered by home-based businesses are important advantages too. Disabled individuals usually face challenges, difficulties, or barriers when trying to embark on entrepreneurial projects, particularly in obtaining the resources or capital required for business start-ups, for they do not have the adequate resources or credit to fall back on as indemnity for a loan (Parker, 2009). This paper discusses the barriers confronted by disabled entrepreneurs and the possible measures that can be implemented to help disabled people become successful entrepreneurs and gain self-sufficiency and confidence. In certain instances, they may not possess the assets, knowledge, or information needed to formulate a business plan, a successful path to economic self-reliance