Success Factors Of Entrepreneurs Research Articles

Entrepreneurial Success Factors of Small and Medium Size Women Enterprises in Kathmandu

This study examines the personal and external factors affecting the success of women entrepreneurs in Kathmandu Valley. To achieve the research objective, the data were collected from the primary source mainly through a structured questionnaire under convenience sampling basis from 384 women entrepreneurs in Kathmandu Valley. Descriptive and inferential statistics have been used to develop the breadth and depth of the study. The results of the study revealed a positive significant association of personal and external factors with the success of women entrepreneurs. The study found stronger factors self-confidence, need for achievement, and risk-propensity. In addition, the study revealed social-cultural factors as the external factors detrimental to women entrepreneurs’ success. This study contributes to the existing theory of entrepreneurial success by incorporating personal and external factors in a holistic approach.

Examining Entrepreneurial Success Factors of Women-Owned SMEs in Rattan Craft

The rattan craft industry is one of the most significant contributors to the economy, and women own this business. However, the success of the rattan craft SME is influenced by internal and external factors. This study aims to determine the effect of the personal aspects, environmental aspects, and government support on entrepreneurial success in rattan craft SME women. Data collection was carried out using a questionnaire. The sample used was 100 women SME owners of rattan craft. The sampling technique in this study is to use the accidental sampling technique. The analytical method used is multiple linear regression analysis (SPSS). The results showed that personal and environmental aspects, as well as support from the government, determine the success of rattan craft SMEs that belong to women entrepreneurs. The most considerable influence is from the personal aspect, in which family background and support play an essential role.

Ethnic entrepreneurial success factors: evidence from the United Arab Emirates

This paper examines how personal, business, and environmental factors influence ethnic entrepreneurial success in the UAE, against the backdrop of the nation's concerted efforts to promote entrepreneurship and foreign investments in SMEs, as the means to attaining its goals of sustainable, long term economic diversification, expansion, and enhanced performance. The study adopts a mixed methods approach to investigate the key determinants of ethnic entrepreneurial success by utilizing primary quantitative data collected via a survey of 103 entrepreneurs. In addition, qualitative data is obtained from in-depth interviews of ten expatriate entrepreneurs. Whereas the quantitative results evidenced a significant impact of one personal and two business factors on ethnic entrepreneurial success in the UAE, with the environmental factors being insignificant, the qualitative results confirmed the importance of personal and business variables in achieving success, especially the role of support from ethnic groups. Further, interviewees' perceptions of the environmental factors' role were mixed, supporting the qualitative findings regarding the insignificance of these factors. Our findings are timely and beneficial for policymakers promoting ethnic entrepreneurship in the UAE and potential entrepreneurs intending to establish businesses within it. Furthermore, no previous studies have been found in the research literature regarding the factors influencing ethnic entrepreneurial success in the UAE, ranked fourth globally in the Global Entrepreneurship Index (GEI) 2020. Hence, this study's results merit policymakers' consideration regarding the adequacy and relevance of their efforts to promote startups and entrepreneurship.

Die Zukunft der Markenrechte als Sicherheit im Kreditgeschäft

Legal framework conditions in German-speaking countries make it possible for trademark rights to be taken into account as loan collateral or used as security for a pledge. Despite the generally growing and proven importance of intangible assets as entrepreneurial success factors and their often high value shares in corporate acquisitions (purchase price allocations), intangible assets are rarely used as loan collateral. This article discusses strategic options for capitalizing the brand and presents examples of the instrument of brand pledging. Finally, a theory-based evaluation of how the brand can be assessed as a possible collateral instrument in the credit industry, especially in the credit risk process, follows.

The Impact of Entrepreneurial Orientation Success Factors to Muslim SMESuccess

This studypresentsa research of the multidimensional entrepreneurial orientation (innovation, risk and proactive) in relation to the Muslim SME success. Thus far, past literatures shown that limited study of Muslim SME success. This study was conducted in the form of survey, with data being gathered from 122 firms (operating above 3 years) selected through simple random sampling from 2286 Muslim SME in Malaysia. The results show that innovation and proactivefactorshave relationshipsto SME Muslim success. The results shed new light on the theory and practice. This finding contributestoRBV theory and to the field of Islamic entrepreneurship focusing on Muslim SME success.

Entrepreneurship and Small Business Management: Critical Success Factors of Entrepreneurs and Small Business Managers

Entrepreneurship and Small Business Management: Critical Success Factors of Entrepreneurs and Small Business Managers

Parental attitudes and entrepreneurial success

For many years, researchers have been interested in learning about factors that influence the accomplishment of entrepreneurial success. Thus far, their attention has been directed towards organizational and psychological factors, whereas family factors have been given little consideration. The objective of this study is to verify the influence of family factors, understood as parental attitudes and the structure of one’s family of origin, on the achievement of entrepreneurial success. Research has been conducted on a group of 64 entrepreneurs who have run successful businesses in Poland. The following tools were used: the Questionnaire of Entrepreneurial Success, the Questionnaire of the Retrospective Assessment of Parental Attitudes, the Flexibility and Cohesion Evaluation Scales, and a personal details datasheet. Negative correlations have been identified among various parental attitudes, such as excessive demands and inconsistency and entrepreneurial success. Furthermore, the manner of communication among the members of the family of origin and the degree of satisfaction with family life have emerged as important factors in entrepreneurial success. However, no significant correlations have been found between entrepreneurial success and parental attitudes (i.e., acceptance, autonomy) or dimensions of family structure (cohesion and flexibility).

Success Factors for the Transportation Business Strategy During Economic Crisis of SMEs in Thailand

The objective of this research was to study the factors of success that affect the operating strategy of the transportation business during the economic crisis of Small and Medium-sized Enterprises in Thailand. Indepth interviews with predefined questions were conducted on a sample of 10 small transport businesses that were selected as successful from the SMEs searching radio program. The results of the study revealed that every entrepreneur decided to start their own business voluntarily. In terms of products and services, each were in different formats and were distinctive and unique. In addition, every small business was affected by the economic crisis. The factors that made them successful were doing things that they were good at, having adaptability, having ability to plan and solve problems, giving importance to their personnel and customers as well as the quality of products and services, not imitating others, and their determination in the business. It was found that most successful small businesses used the top priority planning strategies, followed by complete pre-planning strategies. They also were found not using opportunity-seeking and defensive strategies. Therefore, the interested parties should pay attention to study and develop specific planning strategies which are essential strategies that lead to success. In addition, the success factors of entrepreneurs should be considered as indicators of success and should be made available as information to the general public for improving small Thai enterprises into bigger businesses that can compete at the global level.

Identifying the Entrepreneurial Success Factors and the Performance of Women-Owned Businesses in Pakistan: The Moderating Role of National Culture

Women’s entrepreneurship in Pakistan has been booming in recent years, and it has made a significant impact on social and economic expansion. However, it is notable that these businesses are smaller in size and considered less profitable when compared with men’s entrepreneurial efforts. This dilemma encourages the investigation of the success factors that contribute to the performance of women-owned businesses (WOBs) within this understudied region. Factors that may determine the success of WOB in Pakistan are divided into four broad headings: the entrepreneur’s characteristics, internal business environment, external business environments, and supportive factors. This study also explores the direct and moderating role of perceived national culture within the framework. The results demonstrate that the entrepreneur’s characteristics, external business environments, and supportive factors are positively related to the performance of WOB, while the internal business environment is of little significance. Furthermore, while perceived national culture does not influence the performance of WOB, it weakens the relationship between the entrepreneur’s characteristics and performance but strengthens the impact of supportive factors on the performance of the WOB. This study leads to a solid awareness about the critical success factors, the perceived national culture, and their association with the performances of WOB within Pakistan.

KEY SUCCESS FACTORS FOR MALAYSIAN SMES COMPANIES’ ENTREPRENEURIAL LEADER

The SMEs Industry in Malaysia has expanded to almost every sector including manufacturing, services, agriculture, tourism, mining and quarry. Understanding the importance of retaining and expanding more entrepreneurs, this study had investigated success factors of entrepreneurial leaders at SME companies in Malaysia. The objective of this study is to analyze the success factors of entrepreneurs in the Malaysian SMEs. Data has been collected from top 50 SME award winning companies. The study has used the qualitativeapproach,, where interviews are dispersed on these selected companies. We administered some questions based on key characteristics of an entrepreneur, as well some structured questions to determine a successful of a company. The result shows that, entrepreneurs are confident, determine, diligent, flexible, responsive to challenges, responsible, foresight, courageous, aggressive, and committed. Consistent to this, several elements that makes the company successful includes (1) strong financial control, (2) continuous improvement, (3) product quality and product safety as top priority, (4) hard work and team work, and (5) eagerness in taking challenges. These results has deemed that entrepreneurs in many aspects are also leaders that are risk averse and determine, and are eager to work on continuous improvement in a financially strong company.

What really matters for startups in luxury: entrepreneurial luxury excellence

Purpose The purpose of this paper is to identify luxury-specific entrepreneurial success factors that, in addition to the well-established general success factors of startups, drive the performance of startups in the luxury industry. The study proposes a contingency perspective on the success factors of startups by examining entrepreneurial excellence in one specific context, the luxury context. Design/methodology/approach The study uses a qualitative research design, with 24 semi-structured in-depth interviews with senior executives of Swiss luxury startups as key informants. The data is analyzed using the grounded theory approach. Findings The study develops a new construct of entrepreneurial luxury excellence consisting of two dimensions, resource-related excellence and strategy-related excellence, and identifies the underlying specific success factors related to these two dimensions of entrepreneurial luxury excellence. Research limitations/implications The study advances research on strategic entrepreneurship as it combines a holistic approach to managerial success factors of startups with a contingency perspective on them. It also adds to the existing body of research on luxury management where studies with a focus on industry newcomers are still a new domain. Practical implications The study makes important implications for luxury entrepreneurs and other stakeholders (e.g. investors) by showing that the success factors of luxury startups might differ from those of startups in other industries. Originality/value The paper identifies a new construct – entrepreneurial luxury excellence.

A Study on the Effect of Successful Factors of Establishment on Business Performance and Youth Start-upFirms' Competence

This study is to investigate the competence and success factors of entrepreneurs who have influence on business performance for young entrepreneurs and provide factors that increase the business success rate.
 Methods/Statistical analysis: The survey was conducted by CEO of technology-based young entrepreneurs who were under 39 years old. The number of people surveyed was 330, and the number of questionnaires was 205, which was 62.1%. The collected data were analyzed using SPSS 22 and Smart PLS 3.0. The measurement and the structural model were analyzed to evaluate the significance and suitability of the path coefficients between the variables.

Entrepreneurial Success Measures and Factors for Sustainable Entrepreneurship

Entrepreneurship has become an important component for the development of productivity and economic growth. The contribution of the entrepreneurship and Small and Medium Enterprises (SMEs) to the economy has attracted the attention of researchers and policy makers in both developed and transition economies. With this in consideration, based on the literature review, the authors have tried to explore and summarize criteria of entrepreneurship success measure. Understanding of these success measures will help organizations to adopt appropriate implementation strategies leading to success of entrepreneurship and SMEs. This article also presents a review of some popular models of entrepreneurship and SME success. An attempt is made here to highlight the factors consider in various models. Based on the factors identified authors have developed conceptual study model which will ultimately help to understand unique characteristics of the model.

A Study on the Effect of Successful Factors of Establishment on Business Performance and Youth Start-up Firms' Competence

Background/Objectives: This study is to investigate the competence and success factors of entrepreneurs who have influence on business performance for young entrepreneurs and provide factors that increase the business success rate.
 Methods/Statistical analysis: The survey was conducted by CEO of technology-based young entrepreneurs who were under 39 years old. The number of people surveyed was 330, and the number of questionnaires was 205, which was 62.1%. The collected data were analyzed using SPSS 22 and Smart PLS 3.0. The measurement and the structural model were analyzed to evaluate the significance and suitability of the path coefficients between the variables.

Effects of Financial Inclusion on Startup Establishment in OECD Countries

Financial inclusion and startup are two topics, which recently get attention of academic researchers and policy makers in Vietnam. One of the important factors for setting up a successful startup is the financial capability of the owners. Therefore, financial inclusion has a strong correlation with startup establishment. This article tested the effects of several factors in financial index (findex) developed by World Bank on startup establishment in some OECD countries. The result showed that borrowing from friends and relatives along with from credit institutions and opening a debit account at banks have significant impacts on startup establishment in these countries. Finally, the article presented several recommendations for policy makers to stimulate the startup growth in Vietnam in the next time.
 Key words
 startup, financial inclusion, startup establishment
 References
 1. Colman Msoka (2015), “Financial inclusion and microfinance in Tanzania”, Inclusive growth: Tanzania Country Report2. Endeavor-GEM, 2011, “High-Impact Entrepreneurship Global Report”3. Eric Ries, 2012, “The Lean Startup” book”, http://www.stpia.ir/files/The%20Lean%20Startup%20.pdf
 4. European Startup Monitor, 2015, “European Startup Monitor 2015”, http://europeanstartupmonitor.com/fileadmin/presse/download/esm_2015.pdf
 5. Jennifer Dahlin Ivarsson (2014), “Mobile-banking and entrepreneurship: Is there a link? A case study on South Africa”, Nationalekonomiska Institutionen, Box 7082, ISSN 0283 – 15896. Maher Al-Mahouq (2010), “Success factors of small and medium-sized enterprises(SMEs): The case of Jordan”, Anadol University jourmal of social sciences, Cilt/Vol.: 10 – Say/No:1-16 (2010)7. Mohammed S.Chowdhury (2013), “Success factors of entrepreneurs of small and medium sized enterprises: Evidence from Banladesh”, Business and Economic Research, ISSN 2162 – 4860, 2013, Vol.3, No.2.8. OECD, 2015, “Entrepreneurship at a Glance 2015”9. Roman Angela, 2011, “SME’s sector access to finance: An overview”10. Yao Wang, 2014, “What are the biggest obstacles to growth of SMEs in developing countries? An empirical evidence from an enterprise survey”, JED 210 Paper

Investigating entrepreneurial success factors of women-owned SMEs in UAE

PurposeThe purpose of this paper is to investigate the key factors affecting the success of women entrepreneurs who own and manage Small and Medium Enterprises (SMEs) in UAE. The extant literature on the relationship between determinants of entrepreneurial success points to a lack of clarification of the link between success factors (Personal, environmental and other) and performance of women-owned SMEs particularly in UAE.Design/methodology/approachA self-administered questionnaire, through mail survey, is used to collect the data. Cronbach’s α test and factor analysis have been carried out to test the reliability of data and validate the hypothesis.FindingsThe results suggested that the personal, environmental factors and government support affect positively and significantly to the success of women-owned SMEs in UAE.Research limitations/implicationsThe study has some limits as to its potential for generalization owing to the sample size, wide geographic spread of respondents and time limitations with the respondents.Practical implicationsThe results indicate that several factors including personal, environmental and government support are linked with the success of women entrepreneurs of UAE. The results of this study will provide some insights to policymakers and business practitioners to formulate the strategies intended to promote unveiled potential among women entrepreneurs in UAE.Originality/valueMost of the studies focused on women entrepreneurship have taken either their motives or the hurdles faced by them into consideration. Moreover, only a few studies have been carried out in Arab world particularly in UAE. Therefore, this study is an attempt to fill the gap and contribute to a better understanding of UAE’s women-owned SMEs.

Well-Being, Personal Success and Business Performance Among Entrepreneurs: A Two-Wave Study

This two-wave longitudinal study among 121 entrepreneurs in The Netherlands investigated bi-directional relationships between entrepreneurs’ well-being and performance. Results of Smart PLS analyses showed positive well-being at Time 1 (work engagement; life satisfaction; and job satisfaction) predicted subjective entrepreneurial success 2 years later, both as indicated by entrepreneurs’ reports of achieved financial success (including personal income security and wealth, business turn-over, sales and profit growth), as well as perceptions of achieved personal success (personal fulfilment, community impact and employee relations). No relations were found with objective indicators of business performance (profit; turnover; and number of employees) over time. The expected recursive relationship between performance and well-being was only found in the short term; a better objective financial situation immediately preceding the second measurement moment, predicted better well-being at T2. These results are both in line with a well-being–performance (gain) cycle, and the happiness set-point thesis that predicts resilience in the face of events. This paper contributes to the literature by emphasizing the importance of entrepreneurs’ well-being as a key factor in long-term subjective financial and personal entrepreneurial success. The practical implication is that entrepreneurs should maintain and improve their own well-being to achieve positive long term business outcomes.

SYNERGIC APPROACH IN MARKETING POTENTIAL MANAGEMENT OF THE ENTERPRISE

Urgency of the research. The main instrument of enterprise development in modern conditions is the marketing potential and its perfection. It determines the capabilities and ability to form the demand of consumers, respond promptly to its changes. Target setting. Active position on the market, satisfaction of consumer expectations is a key factor in competitive advantages and entrepreneurial success as characteristics of marketing potential. Actual scientific researches and issues analysis. Research on synergistic effects is taking place in the works of such scientists as Ansoff I., Yevstyhnieiev V., Mamedov M., Molchanov V., Pranhishvili I., Pryhozhyn I., Haken H. and others. Uninvestigated parts of general matters defining. There is no general definition of "synergistic effect" term from the economic point of view. There is a need for research to develop the management of marketing potential and increase the competitiveness of enterprises. The research objective. The article is devoted to the application principles substantiation of the synergistic approach in the managing the marketing potential of the enterprise practice. The statement of basic materials. The authors substantiate that it is necessary to define the formation of a synergistic effect of the interaction of marketing potential elements in conditions of the environment and international integration dynamism as a strategic aspect of enterprise management, an instrument of competitive struggle and to emphasize its substantiation in strategic and tactical planning. It is proved that it is expedient to carry out synergistic effect of marketing potential elements interaction classification on a functional basis and positioning of the marketing potential itself in the structure of the company's aggregate potential in order to identify them. It is stated that the success of the enterprise activity, its position on the market and the possibility of development in the future is determined by the correctness of the formation and the strength of the relationship between the elements of marketing and aggregate potential. Conclusions. Taking into account the synergistic effect of the interaction of the elements of the enterprise marketing potential provides the improvement of management mechanisms and forms the prospects for development.

A Study on the Structural Relationship among Entrepreneurial Characteristics, Success Factors and Performances of Small Business Start-up Founders

A Study on the Structural Relationship among Entrepreneurial Characteristics, Success Factors and Performances of Small Business Start-up Founders

Perceptions of Entrepreneurial Success Factors: A Cross-cultural Comparison of 27 Countries

This study examines how perceptions of entrepreneurial attributes differ across countries. Results from 27 countries all over the world indicate more similarities in features inhibiting to a person being a successful entrepreneur between countries than in characteristics contributing to a person being a successful entrepreneur. In countries with population less than 20 million, people see successful entrepreneurs more as innovative opportunity seeker and turn less attention to their behaviour than people in bigger countries. From cultural dimensions future orientation practices had higher predicting power. In Latin-American countries team building, open mind and innovativeness are considered to be important success factors.