Table of ContentsEntrepreneurshipEntrepreneurship in the United StatesMotivationLimitations of Entrepreneurship in the United StatesEntrepreneurship in EuropeMotivation/IncentivesLimitations of Entrepreneurship in EuropeCase Study Analysis: An Analysis comparison between start-ups in the United States and Europe EuropeFundingRevenue First vs. Growth FirstSequential Go-to-Market StrategyEuropean and American Automobile IndustryThis paper focuses on international business and entrepreneurship. The objective of this article is to conduct a comparative analysis of entrepreneurship in Europe and the United States. The paper will assess various factors influencing entrepreneurship in Europe and the United States. To achieve this, the paper will support this argument with facts from a comparative analysis of different industries operating in the United States and Europe. Finally, the article will draw the conclusion based on the point raised throughout the article. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay In the international business environment, each country, continent, and region is unique in its own way. They differ in terms of opportunities, facilities and infrastructure. When selecting the business destination for their investment, entrepreneurs consider various aspects that can contribute to the success and profitability of their business in a given country (Styles and Gray, 2006, p.11). Depending on the sector and area of ​​specialization, the United States and the European Union have always been the target of all types of entrepreneurs. This article therefore aims to evaluate entrepreneurship in Europe compared to the United States.EntrepreneurshipThe term entrepreneurship simply means the willingness and ability to create, organize, develop and manage business investments with the aim of achieving profits (Styles and Gray, 2006). , p.14). Entrepreneurship can also be defined as starting a business or taking risks in the hope of achieving future growth or committing to transforming the idea into a profitable business or enterprise. Entrepreneurship encompasses all activities involved in the operations of a business, from the initial phase of generating intelligent ideas to executing and marketing the business or reaching customers (Styles and Gray, 2006, p. There are four types of entrepreneurship depending on the scale of their activities, the stage of their life cycle and their areas of specialization. These types of entrepreneurship are small business entrepreneurship, scalable startup entrepreneurship, large business entrepreneurship as well as social entrepreneurship. Entrepreneurs are people who possess unique and specific characteristics that differentiate them from others (Ahmadkhani et al., 2013, p. 8). These characteristics include creativity, innovation, perseverance and risk-taking. Additionally, entrepreneurs are people who see problems as opportunities, and while others complain, they look for solutions (Dahl Strand and Stevenson, 2010, p. 19). This means that entrepreneurs take risks and have the ability to look to the future. For example, entrepreneurs are people who can see the potential in things that seem worthless (Ahmadkhani et al., 2013, p.22). They therefore venture into the future without fear of uncertainty. Becoming a successful entrepreneur is a huge task as it involves a number of factors ranging from personal and individual skills and abilities to industrial and business environment factors (Cumming and Li)., 2013, p.5). In order to understand what it takes to become an entrepreneur in the United States and Europe, it is important to understand each on an individual level by seeking to describe the barriers and incentives to entrepreneurship. Entrepreneurship in the United StatesMotivationBeing the global leaderWith a powerful economy, the United States offers unlimited opportunities and motivation for entrepreneurship (Bjerke, 2007, p.20). For example, operating in the US economy provides entrepreneurs access to the most mature venture capital sector. Furthermore, the United States has enormous resources in terms of qualified and competent human capital as well as other natural resources necessary for businesses (Cumming and Li, 2013, p.9). This country is advanced in various areas of business such as entrepreneurial culture, business infrastructure as well as the financial sector (Johnson, 2004, p.7). This facilitates the efficiency of business transactions and improves the financial security of entrepreneurs (Bjerke, 2007, p.24). The business environment in the United States provides entrepreneurs with enough freedom in their business operations and the opportunity to manage their business in a way that favors them. It is also important to mention the close relationship between commercial industries and American universities (Cumming and Li, 2013, p. 21). This improves access to the latest innovations and it makes sense to say that American universities are the economic engine of this country. The facilities offered to entrepreneurs in the United States attract thousands of entrepreneurs from all over the world to invest in the country (Bjerke, 2007, p.29). For example, the United States is the hub of the most advanced technologies. Additionally, U.S. immigration policy encourages entrepreneurship in many ways as it brings new talents, new minds, and new innovations from around the world to the United States (Johnson, 2004, p. 13) . Limitations of Entrepreneurship in USA Although USA is a country with immense opportunities for entrepreneurship as mentioned above but there are also some disadvantages which reduce and affect the possibility of becoming entrepreneurs prosperous in the country (Ogbolu, Singh and Wilbon, 2015, p. 35). These limitations include labor cost, higher taxes, and extremely high operating costs in the United States compared to other countries. Another major challenge facing entrepreneurs in the United States is the higher level of competition (Zahra et al., 2009, p. 16). Competition poses a threat to entrepreneurs, especially startups or small businesses that have limited resources and experience in the industry. This harms their profitability in several ways and can lead to the closure of the business (Zahra et al., 2009, p.20). Other limitations are requirements related to environmental protection and corporate social responsibility. In the United States, current green business issues are changing the business environment, as they require companies and businessmen to introduce new ways of conducting their operations taking into account the effect of their activities on the environment. environment (Saha and Darnton, 2005, p. 54). This increases the cost of doing business in the United States and has a large role to play in the demand for products or services offered by the company to its customers. Entrepreneurship in Europe Motivation/incentives Entrepreneurship is one of the main contributors to the European economy. European entrepreneurs are motivated by the numerous opportunities and business environment favorable to entrepreneurship. Various European Union member countries have introduced policiesbased on motivation for the entrepreneurial economy. Furthermore, there is a large product or service market in Europe, available for all types of products (Corbetta, Minichilli and Salvato, 2013, p.20). The purchasing power of the population and economic growth are factors that influence entrepreneurship in Europe. There are many business opportunities in Europe that influence and attract many entrepreneurs from all over the world. From the cultural industry to business opportunities in the food sector, there is no doubt that the European market is one of the most promising places for successful entrepreneurship (Smallbone and Welter, 2012, p .15). The business environment in Europe provides security for companies and there is sufficient infrastructure for different types of business sectors. Various policies introduced and implemented by governments contribute significantly to protecting the interests of entrepreneurs in Europe (Corbetta, Minichilli and Salvato, 2013, p.24). It is also important to mention that the availability of a highly qualified workforce improves the possibility of doing business in Europe. Limitations of Entrepreneurship in Europe Some of the limitations of entrepreneurs in Europe include the declining economy, aging population, international trade policy, and operating costs (Smallbone and Welter, 2012, p.17). In the European economy, it is not easy for startups to survive for several reasons. Just like in the United States, the cost of doing business in Europe is quite high and the requirements for starting a business are difficult. This can be a barrier for small entrepreneurs who do not have sufficient capital to meet these requirements in terms of required standards and other legal requirements. Furthermore, labor costs are extremely high in Europe and therefore entrepreneurs need enormous capital to attract qualified employees (Corbetta, Minichilli and Salvato, 2013, p. 28). It is important to note that due to the technological level in Europe, technical assistance is the key to entrepreneurship success. On the other hand, competition in the European business environment is strong. Although this can improve the quality of services and products offered by companies in Europe, it can put a lot of pressure on companies, especially when they compete on price (Smallbone and Welter, 2012, p. 18) . Therefore, companies that do not have a strong business portfolio may not survive, which could be a limitation to entrepreneurship in Europe. Case study analysis: a comparative analysis between start-ups ups in the United States and Europe United States vs Europe Before we talk about the difference between the industries on the two sides there are a few key points to consider. There is a big difference between American startups and European startups. This is to demonstrate the most attractive location for entrepreneurship between the United States and Europe since access to funds is one of the major challenges for startups (Duong, 2016, para.1). From an investor perspective, there are three key differences between American and European startups. Financing Compared to American startups, new European entrepreneurs have the capacity to raise funds than those in the United States. This is because Europe has a large number of angel investors willing to invest in start-ups, unlike the United States where entrepreneurs struggle to raise funds or have limited funds (Duong, 2016 , para.2). For example, there are different start-up capitals in Tel Aviv, London and Berlin which have a network.