An Empirical Study of Impediments to Entrepreneurial Success: A Case Study of District, Faisalabad, Punjab, Pakistan. (Thematic Analysis)

Abstract

This study documents the social impediments to the success of entrepreneurship or self-employment. The failure cases of District Faisalabad, Punjab were the population of research. Exploratory case study method Yin, (2014) was used to furnish whole process. The experiences of failure entrepreneurs were acquired by putting open ended questions via personal interviews and field notes were taken for data saving. Thematic analysis was used to analyze the data and to generate important themes. The findings of the study revealed that insufficient prior entrepreneurial experience, multiple business thinking and access to the market, lack of interaction with successful entrepreneurs, lack of proper planning and strategy to start the venture, lack of learning from fear of risk taking behavior after failure in prior business attempt were the themes of research. It was suggested that proper planning and strategy is needed to start the venture; for this purpose training programs must be launched by state.