Success Factors For Entrepreneurship Research Articles

Kamal Youbi: a knack for startups

Supplementary materials Teaching Notes are available for educators only. Learning outcomes Discover first-hand entrepreneurship facets in Africa through a real-lived story; and identify key success factors for entrepreneurship in emerging countries. Case overview/synopsis The case describes the main entrepreneurial milestones of a young Moroccan entrepreneur. By telling his success stories and his failures, the challenges he stumbled over and how he quickly got on his feet after each fall. The case ends with a description of the creation process and evolution of MyAppConverter®, a highly innovative startup, describes the huge potential of the firm and the main difficulties faced by the founders. With limited financial resources, the associates need to quickly detect the misfunctioning part of the business model and get it fixed before the crucial pitch they are making at the end of the month before world leading investors. Complexity academic level Bachelor in business administration. Subject code CSS 3: Entrepreneurship.

Obstacles and success factors for entrepreneurship: a comparative analysis between Egypt and Nigeria

This study investigates the obstacles and success for entrepreneurship at Africa. The study also provides a framework for determinants of entrepreneurship that includes three groups of factors: (1) obstacle factors, which include financial and non-financial obstacles; (2) success factors, which include gaining an understanding of the economic environment, determining market gaps, ensuring capital adequacy, and creating a stable cash flow; and (3) business model characteristics, which include benefits for clients, suppliers, founders, investors, and other stakeholders. The study hypothesizes hat there is a relationship between the second and third groups, which creating a new value chain (tangible or intangible) to the society with support from stakeholders. A questionnaire survey was conducted with founders, investors, corporate managers, financial analysts, academics, and graduates who seek new projects from Egypt and Nigeria, and 395 questionnaires were received in the second half of 2018. The study found a difference in entrepreneurship nonbanking and non-financial obstacles between Egypt and Nigeria. This can be explained by differences in the level of efficiency of the stock exchanges and non-banking services, in addition to the differences in legal environments and levels of corruption between Egypt and Nigeria. Moreover, future directions of entrepreneurship are similar across countries, but age has an impact on these directions.

Startup Success Trends in Small Business Beyond Five-Years

While entrepreneurs help to drive venture growth through business development in their respective cities, approximately 50% of new business ventures fail within the first 5 years of operation. Boss concluded that over 60% of entrepreneurs and small business owners fail within the first 6 years of doing business. This article examines some of the main factors that support early growth stage entrepreneurial sustainability for small business startups. In this article, entrepreneurship success factors, failure rates and sustainability are examined through qualitative research, expanding on factors identified in previous studies and applying them to different geographical areas. The results of this study can help reduce the number of small business failures by providing actionable knowledge to entrepreneurs in the start-up and early growth stages of business development.

Entrepreneurship success factors: an empirical investigation in Sri Lanka

Purpose To investigate small business success versus failure prediction variables in the emerging market of Sri Lanka. Design/methodology/approach Survey research was used to collect data in Sri Lanka with a sample size of 450 small businesses (200 failed and 250 successful) based on 10 of the 15 Lussier success versus failure prediction model variables. Findings The results reveal significant differences between all 10 successful and failed variables tested. Practical implications The findings indicate that small business owners and managers can benefit from starting their business with adequate capital, by maintaining good records with financial control, having prior business and management experience, developing a business plan, having higher levels of education, being able to staff the business, starting the business during the early stages of the product life cycle, having partners, and having marketing expertise. Originality/value This is the first major small business success versus failure study conducted in Sri Lanka. Results support the Lussier model’s validity in Sri Lanka, reinforcing its global validity and moving toward a theory; while demonstrating similarity to those in other economies. There is no accepted theory of success vs failure, thus this study is a foundation for further research and comparisons between developed countries and emerging markets.

Cultural Prototypes of the Successful Entrepreneur: Comparison of Estonia and the United States

This study compares and contrasts perceptions of entrepreneurship success factors in Estonia and the USA. The 115-item E-World survey is used to highlight differences of implicit beliefs about behaviors and characteristics of successful entrepreneurs between the USA, a country with a long history of entrepreneurial development, and Estonia, a small economy where entrepreneurship has played an important role in the transition from a command to a market economy. Cultural differences and the institutional context emerge as key models in interpreting the social obligations of entrepreneurs, thus linking future orientation and communication, and entrepreneurs’ perceptions of entrepreneurial risks and challenges.