Structural Analysis of the Impact of Small Family Entrepreneurs' Fear of Entrepreneurship Failure and Regrets on Entrepreneurship

Abstract

In this study, we investigated the effect of the fear of entrepreneurship failure and the regret of entrepreneurship on the entrepreneur s willingness to continue entrepreneurship. The effect of fear of start-up failure and regret of starting a business on intention to start a business was verified through a covariate structure analysis. In addition, we investigated the differences between the founding regrets and the intention to continue the establishment according to the characteristics of the founders. The summary and summary of this study are as follows. First, the difference between small business entrepreneurs entrepreneurship and entrepreneurship willingness was verified through t-verification and ANOVA. As a result of analysis, men had higher levels of entrepreneurship regrets than women. Also, the more negative the attitude toward starting a business, the more he regretted starting it. Small business startups with a capital of less than 500 million had the most regrets, and mid-level startups with a budget of more than 600 million and less than 1 billion had the lowest regrets. The entrepreneurs who run manufacturing and construction start-ups had the highest degree of regret, and the entrepreneurs in the telecommunication and transportation sector had the lowest level. Second, in the case of entrepreneurs with entrepreneurship, 30s had the highest entrepreneurship doctors and 20s had the lowest. In addition, if the attitude toward entrepreneurship was negative, the entrepreneurship doctor was the lowest, and the entrepreneur with a positive attitude toward entrepreneurship was found to have a high entrepreneurship intention. Third, as a result of the analysis of the covariate structure, the higher the fear of loan failure and the fear of family damage due to the failure of the start-up, the higher the level of regret of starting a business. In addition, the regret for the start-up, a parameter, was found to have a positive effect on the intention to stop the start-up.