How to reduce Entrepreneurial Failure in the post start-up phase

Abstract

The field of entrepreneurial start-ups is broadly studied by scholars. To increase the amount of successful entrepreneurs, the stimulation for more starting entrepreneurs is a referenced field of research and subject to governmental stimulation. More entrepreneurs lead to a bigger gross national product, which has a positive impact on an economic region. More new entrepreneurs do not mean more successful entrepreneurs. According to prior research, in half of the cases of entrepreneurial exit, the exit was more or less avoidable. Beside the stimulation of more people to become an entrepreneur the reduction of the entrepreneurial failure in the post start-up phase of a venture is worth full to consider in order to get more successful entrepreneurs. This PhD proposal wants to shed light on that phase of the entrepreneurial process and want to identify effective interventions to prevent Entrepreneurial Failure.