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19. Is This What Success Looks Like?

Sideways

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Entrepreneurship and the Social Context

The Elizabethan Poor Law of 1601 provided the world's most progressive social security system at that time for the Industrial Revolution. Young people were liberated to take the risk on looking for opportunities and manufacturing jobs secure in the knowledge that a safety net sat beneath them and their families. Chancing one's savings on an entrepreneurial venture is so much easier when you have a family rich enough to offer support in the case of failure. In other words, social support and risk taking are two sides of the same coin.

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