Entrepreneurial Success Research Articles

LAW OF ATTRACTION PADA PENGUATAN USAHA BISNIS PEREMPUAN MUSLIM DI MAKASSAR

The difficulties of Muslim women entrepreneurs in becoming successful can be reduced easily when they master an understanding of the law of attraction based on the Al-Qur'an. There is a lot of data that currently women have a significant and important role in supporting the economic life of their families and regions. This study was conducted to explore the meaning of the law of attraction that Muslim women have as successful entrepreneurs. The method used is a case study approach. Data was obtained through in-depth interviews with three successful Muslim women entrepreneurs in the Bone area of ​​Makassar, South Sulawesi, in the fields of traditional culinary, Muslim clothing and residential property. Meanwhile, the theoretical framework implements the law attraction approach as part of the concept of intrapersonal communication. The research results were analyzed by involving the concept of law attraction and the Al-Qur'an perspective as well as hadith on concepts, namely: like attracts like, nature abhors a vacuum, and the present is always perfect. Descriptions from three sources in applying the law of attraction indicate that the way of thinking (mindset) internalized by Muslim women entrepreneurs in Makassar is a strong guide in achieving success supported by an approach to the Al-Qur'an which contains many essences about the need to be a strong and always dependent Muslim to Allah SWT according to each individual's potential, capacity and capability. So that women can be strong and independent to become economic pillars, both in their families and their respective regions.

GAYA HIDUP BERKELANJUTAN DI ERA 5.0

As a prospective employee, you must understand what soft skills the job seeker requires before starting work. During recruitment, one of the effective searches for human resources is administrative selection through Curriculum Vitae (CV), then interviews, and having personal branding. Through this process, organizations can find out the qualities and abilities of prospective employees before undergoing the next selection test. Cikarang Global Laboratory Vocational School which has the hope of being able to continue to improve and innovate, to be able to produce quality output or graduates who are able to answer future challenges, either for work (B) or continuing their studies at higher education (M) or entrepreneurship to become successful entrepreneurs ( W) or what is usually called BMW. Therefore, students of SMK Laboratoroum Global Cikarang need to be given practical training when facing the world of work, by providing practice on how to make a good and attractive Curiculum Vitae (CV), have strong interview skills, and have unique personal branding. In line with the obligations of lecturers in the Tri Dharma of higher education, LP3I Jakarta Polytechnic lecturers have the opportunity to carry out this community service
 
 Keywords: Personal Branding, Curriculum Vitae, Interview

An investigation into the financial challenges affecting the success of entrepreneurs in South Africa

The object of this study is the financial difficulties that impacted the success of business owners in Hatfield, Gauteng province, South Africa. Compared to a global failure rate of 50 %, five out of every seven entrepreneurs in Hatfield, South Africa fail during the first year of operation. This study aimed at looking into the relationship between entrepreneur failure and financial literacy. The methodology employed in this study is interpretive philosophy-based qualitative research. An ethnographic research technique was also used to analyze the current economic condition of business owners in Hatfield. The population was sampled using non-probability purposive sampling techniques. Semi-structured interviews were used to gather the study's leading source of data. The primary research results are thematically examined while also considering the secondary sources. Eliminating financial and liquidity constraints was listed as a goal of financial literacy. Findings garnered revealed that financial, liquidity and credit restrictions are the primary causes of business failures in Hatfield. The lack of financial resources for new businesses in Hatfield, as revealed, prompted several liquidity issues in Hatfield, and further lowers the growth rate of Hatfield businesses. It was discovered that Hatfield's entrepreneurs usually experienced premature failure due to inadequate financial education and training. Impliedly, Hatfield business owners possessed poor cash management, defaulting on loan payments due to lack of financial education. Conversely, only few entrepreneurs and business owners in Hatfield, South Africa possess financial literacy competence with the necessary skills needed to better analyze their financial statements appropriately and increase profitability of their business. The practical implication of this finding is that, most entrepreneurs have high possibility to experience premature business liquidity when they have low or no financial literacy.

KESIAPAN BERWIRAUSAHA YANG DIDUKUNG OLEH KETERAMPILAN BERKOMUNIKASI DAN KETERAMPILAN BERPIKIR KRITIS BAGI SISWA TEKNIK OTOMOTIF

The importance of an entrepreneurial attitude for automotive vocational high school graduates in facing the world of work and creating job opportunities. With a focus on developing communication and critical thinking skills, vocational school students prepare for competitiveness after graduation. Good communication skills help entrepreneurs in starting a business, expanding business networks, and influencing others in a positive way. Conversely, critical thinking skills help in identifying problems, making strategic decisions and facing challenges that may arise in business.This research emphasizes that learning entrepreneurial skills in vocational schools is necessary as an integral part of education. This study uses quantitative methods and focuses on the effect of communication skills and critical thinking on the entrepreneurial readiness of automotive engineering students. The implications of this study support the need for additional skills development apart from skills in students' areas of expertise.An entrepreneur's success depends not only on his or her business idea, but also on the ability to communicate well, think critically, and face challenges with constantly evolving skills. This is a key foundation in entering and surviving in the dynamic and competitive world of entrepreneurship.

From unemployment to self-employment: what does it mean for an individual's satisfaction and economic self-sufficiency?

PurposeThis research extends the knowledge on the less-frequently explored outcomes of entrepreneurial endeavour. The study provides unique insights into the overall satisfaction of entrepreneurs with their life, job and financial situation, as well as perceived economic self-sufficiency and income. The obtained findings represent a specific group of Czech self-employed individuals who started their businesses while unemployed, with the help of public financial assistance.Design/methodology/approachThe presented contribution is based on a primary survey among those individuals (N = 128), conducted in 2022 and triangulated by insights from informal interviews with the respondents and earlier empirical evidence.FindingsThe main findings document that most of the surveyed entrepreneurs are overall satisfied with their lives and jobs, their incomes are above the minimum wage and, despite the challenges faced, they mainly benefit from autonomy associated with this career choice. The multivariate ordered logistic regression results highlight the significance of several previously identified variables, such as gender, health status, formal education, entrepreneurial self-efficacy and family situation, that influence the studied outcomes and provide opportunities and challenges for ongoing research.Originality/valueThe conducted study acknowledges the need to consider the whole picture of entrepreneurship success. Therefore, it provided insights into the monetary and non-monetary outcomes of the specific type of entrepreneurship.

A Multimodal Analysis on Rick Singer from Operation Varsity Blues: The College Admissions Scandal

Multimodal communication employs multiple semiotic modes to convey meaning. Operation Varsity Blues: The College Admissions Scandal is a documentary about Rick Singer, an education entrepreneur who committed the bribes. This study analyzed his representation through the oral and visual modes and was aimed at showing how multimodality could help reveal particular character representations. This study applies multimodal theory (Kress & Leeuwen, 2006) and semiotic modes (Chia & Chan, 2017). The oral monologues and dialogues, and the visuals of people, objects, and places were scrutinized to observe how Rick Singer was depicted. As a result, he was seen being portrayed as a wealthy and successful entrepreneur with many high-ranking connections, who strategically manipulated his clients and his university partners in a clever scheming maneuver. The interplay of both the oral and visual modes has resulted in a relatively complete picture of the main actor of this documentary.

WOMEN’S ENTREPRENEURIAL SUCCESS IN MOROCCO: BETWEEN TRANSITION AND PATRIARCHAL RESISTANCE

This study explores entrepreneurial success among female entrepreneurs, a topic that is poorly investigated in the global South. After a literature review on the concept of women’s entrepreneurial success and on the institutional, economic socio-cultural and familial context of Moroccan female entrepreneurs, results of a qualitative study involving female entrepreneurs based in urban areas, working across diverse industries, are described. Findings indicate that entrepreneurial success is defined by Moroccan female entrepreneurs through four different viewpoints: (1) entrepreneurial success through a company’s financial standing, (2) self-assessed entrepreneurial achievements, (3) societal recognition of entrepreneurial success and (4) the evaluation of entrepreneurial success based on the benefits provided to others. The definition of entrepreneurial success is explored in line with the evolution of women’s priorities and the evolution of Moroccan society. The findings and implications provide policy makers, practitioners and academics with a better understanding of female entrepreneurship and on how to enhance and support these entrepreneurs to increase economic growth.

Advancing Entrepreneurship Education: An Integrated Approach to Empowering Future Innovators

Entrepreneurship plays a central role in driving economic growth and fostering innovation worldwide. As the business landscape becomes increasingly dynamic and competitive, the need for effective entrepreneurship education has never been more critical. This paper presents an integrated framework for entrepreneurship education that addresses the limitations of traditional approaches and aims to equip aspiring entrepreneurs with the necessary mindset, skills, and ecosystem engagement to thrive in the ever-evolving entrepreneurial landscape. The framework focuses on mindset development, skills acquisition, and ecosystem engagement as essential pillars for empowering and nurturing future innovators, contributing to the advancement of entrepreneurship education and the cultivation of a new generation of successful entrepreneurs and innovators.

Integrating Artificial Intelligence in Human Resource Management: A SmartPLS Approach for Entrepreneurial Success

The primary focus of this research is to examine the pivotal role of Artificial Intelligence (AI) in driving business transformation, with a specific emphasis on its impact within the realm of human resource management (HR). The study seeks to assess the substantial influence brought about by the incorporation of AI in HR. Online data collection involved 110 respondents with professional backgrounds in HR. In pursuit of enhancing entrepreneurial success, the research adopts the Smart Partial Least Square (Smart PLS) approach to seamlessly integrate artificial intelligence into HR management. The analysis using Smart PLS delves into the examination of AI's effects on the recruitment process, employee development, and performance management. The findings of the research reveal that the utilization of AI in HR significantly expedites processes, enhances decision accuracy, and positively contributes to the attainment of entrepreneurial objectives. The practical implications of these outcomes are thoroughly discussed, and potential avenues for future research are outlined. This not only provides valuable insights for stakeholders but also offers guidance on optimizing the application of AI in the context of human resource management.

Profile of Young Entrepreneurs in Padang Sidempuan City (Case Study of Yoanisa Adhani Nasution, Young Entrepreneur in Padang Sidempuan City)

This research is motivated by the success and efforts of Yoanisa Adhani Nasution in entrepreneurship. Researchers see that there are interesting and unique things in line with management and efforts to become entrepreneurs and develop their businesses in line with the needs and achievement of targets from an entrepreneur to becoming a successful entrepreneur. The research approach is qualitative, the type of case study research. The data sources in this study consisted of Yoanisa Adhani Nasution as the main subject and triangulation sources as additional informants so that the data or information found is more valid. Data collection techniques used are interviews, observation and documentation. The data analysis uses data reduction, data presentation, and drawing conclusions. The data validity uses observations, increasing persistence and triangulation sources and techniques. The results of this study indicate that the profile of young entrepreneurs in Padang Sidempuan City is very good in establishing a business, it can be seen from: (1) The selection of business fields is based on the main aspects, namely according to their interests and talents. (2) Creativity and innovation in entrepreneurship can be seen from ideas and renewal as well as business characteristics that make the business unique and how to develop ideas into business opportunities. (3) The driving factor for entrepreneurial success is based on the subject having expertise in the field of business, the hard work in establishing a business and seeing opportunities to be able to open a business. (4) The inhibiting factor as a challenge for entrepreneurship begins with the lack of capital to open a business.

Identity of Successful Women: An Analysis of Transitivity System and Stance Markers in Selected TED Talks

In recent years, as women continue to break through barriers and shatter glass ceilings, it becomes necessary to understand how they construct their identities as successful individuals. To fulfill this purpose, this research paper analyzed selected TED Talks delivered by five successful women entrepreneurs. The present study aims to unravel how women perceive success according to their personal experiences. The analysis is conducted in two phases. In the first, Halliday’s transitivity system was used. In the second phase, Hyland’s (2005) analysis of stance was applied to scrutinize the linguistic choices made by the speakers to construct and convey their identities as successful individuals. Results of data analysis revealed that with the prevailing use of material transitivity processes, successful women were able to present their experiences clearly. The dominance of self-mentions and scarcity of hedges revealed their confidence and certainty in their speech and their success experience as well.

Determining Online Business Readiness Among Vocational School Students Throughout Banyuwangi

In the digitalized Society 5.0 era, online businesses, particularly in Indonesia, have flourished with rapid technological changes. This research investigates the impact of entrepreneurship education and digital marketing literacy on the entrepreneurial attitudes of Vocational High School students in Banyuwangi, Indonesia, utilizing the Theory of Planned Behavior. Implications include significant contributions to SMK entrepreneurship education curriculum development and insights into factors influencing students' readiness for online businesses. Anticipated outcomes involve SMK students evolving into successful online entrepreneurs, contributing to local economic development. This quantitative study used Structural Equation Modeling based on Partial Least Square variance, employing Smart PLS 3.3 for analysis. Effective entrepreneurship education enhances preparedness and contributes to a robust entrepreneurial attitude. In summary, digital marketing literacy and entrepreneurship education complement each other, with students' attitudes linking the quality of both to their readiness for online businesses.

The Impact Of Financial Literacy On Human Capital Development In Micro, Small And Medium Enterprises

This qualitative study aims to explore the impact of financial literacy on human capital development within micro, small, and medium enterprises (MSMEs). The research utilizes a descriptive qualitative approach to delve into the intricate relationship between financial literacy and human capital enhancement. Sampling technique employed purposive sampling to select MSMEs owners and employees who possess varying degrees of financial literacy. Data analysis involves thematic analysis, allowing for the identification of recurring patterns and themes within the collected data. The findings underscore the pivotal role of financial literacy in fostering human capital development within MSMEs, highlighting its significance in promoting entrepreneurial success, enhancing decision-making processes, and facilitating business growth. This study contributes to the existing body of knowledge by providing insights into the mechanisms through which financial literacy influences human capital development within the context of MSMEs.

Harnessing Digital Platforms for Entrepreneurial Success: A Study of Technopreneurship Trends and Practices

The digital era has opened opportunities for entrepreneurs (technopreneurs) to enhance their performance and market reach. However, a deep understanding of how the use of digital platforms, digital customer engagement, and operational efficiency through digitalization contribute to entrepreneurial success is still limited. This study aims to analyze the impact of digital platform usage, digital customer engagement, and operational efficiency through digitalization in the context of entrepreneurial success. The primary goal is to identify and measure the extent to which these three variables contribute to entrepreneurial success in the digital era. This research employs the Partial Least Squares Structural Equation Modeling (PLS-SEM) method using SmartPLS software. This approach was chosen due to its capability in handling complex models and exploratory data. Data was collected from an online survey completed by entrepreneurs actively using digital platforms in their businesses. The sample consists of 300 respondents representing various industry sectors and business sizes. The study's findings indicate that the use of digital platforms significantly enhances customer engagement and operational efficiency. Digital customer engagement plays a vital role in building loyalty and trust, which further influences business success. Operational efficiency through digitalization also contributes significantly to increasing productivity and reducing operational costs. Overall, this research provides empirical evidence that effective integration of digital technologies is key to entrepreneurial success in the digital era.

MEDIATION MODEL OF SELF-EFFICACY ON STUDENT ENTREPRENEURIAL INTEREST

Unemployment in Indonesia presents a pressing social issue that demands attention and resolution. This research aims to enhance the entrepreneurial interest of Indonesian university graduates as a potential solution to the unemployment problem. The study primarily focuses on understanding the role of the family environment in shaping individual character and as a platform for instilling entrepreneurial values. Entrepreneurship education is considered a pivotal factor in developing entrepreneurial skills, which, in turn, stimulate the growth of entrepreneurial interest, spirit, and higher self-efficacy levels among students. The findings of this research provide compelling evidence that family background and entrepreneurship education significantly contribute to boosting students' entrepreneurial interest. This plays a vital role in addressing the unemployment challenge. By nurturing entrepreneurial aspirations among graduates, the study promotes entrepreneurship as a viable career choice in Indonesia. Consequently, it aids in curbing unemployment rates by empowering graduates with the skills and mindset needed for entrepreneurial success. This research underscores the potential for family influence and entrepreneurship education to serve as effective tools in encouraging entrepreneurial interest among students, contributing to a more sustainable solution to unemployment.

Lesson Learned Student Entrepreneurship Activities to Increase Graduates as Entrepreneurs

Lesson learned, aimed to provide students with entrepreneurial experiences and give the skill for entrepreneurship. The approach that can be employed is to integrate entrepreneurial activities into the curriculum and extra curriculum. The method used is sharing sessions. The activity held in UKM, attended by 67 students. The results indicated that factors to be considered in becoming an entrepreneur include education, soft skills, support, mentorship, creativity, innovation, and a strong passion. The lessons learned from successful entrepreneur alumni showed that entrepreneurial education provided by experienced entrepreneurs can have a positive impact on students' attitudes and motivation towards entrepreneurship. Future suggestion initiatives should attend other stake holder to sharing their experiences, such as government, creditor, and investor.

Pengaruh Dan Peluang Usaha Terhadap Kesiapan Mahasiswa Untuk Menjadi Wirausaha

The aim of this research aims to investigate the impact of factors that influence students' readiness to undertake an entrepreneurial career in an academic environment. These factors include education, motivation, practical experience, and social support from universities. In addition, this research also identifies relevant business opportunities that can support students in their entrepreneurial preparation. The type of research used in this research is qualitative research with descriptive methods. The descriptive method is considered suitable for explaining the influence and business opportunities on students' readiness to become entrepreneurs. The data in this research report was obtained in accordance with books, journals, articles, theses, the internet and so on related to the research topic. The results of this research provide valuable insight into how universities can more effectively prepare students to become successful entrepreneurs. The conclusion is that students have great potential to start their own businesses as long as they have innovative ideas, relevant skills, and access to the necessary resources. Keywords: Influence, Business Opportunities, Student Preparation, Entrepreneurship, Entrepreneurship Education, Motivation, Social Support, Academic Environment, Higher Education.

Information source and entrepreneurial performance expectations: Experience-based versus description-based opportunity evaluations

How does the information source—experiential or descriptive—used by nascent entrepreneurs affect their performance expectations? Since judgments based on experience diverge from those based on descriptions, especially when prospects include a low-probability event such as entrepreneurial success, we argue that entrepreneurs’ expectations of success differ as a function of the information source they consult. We also contend that industry conditions interact with the information source to determine expectations. In two studies using field data from entrepreneurial settings, we found that experience generated lower expectations than did descriptions in unfavorable industry conditions (when success was a low-probability event). This pattern was reversed in favorable conditions (when success was more likely). Our findings provide field evidence consistent with the description–experience gap literature, thereby shedding new light on how nascent entrepreneurs’ informational environment shapes how they appraise business opportunities.

Promoting Entrepreneurial Mindset for Successful Entrepreneurship

The research argues that financial and educational barriers affect women entrepreneurs in small and medium-sized businesses where business expansion is one of the major concerns in planning a business. It is not easy to create business relationships and networking in a short time, needs a proper interactive environment through a platform. This study identified a variety of barriers facing entrepreneurs in entrepreneurship, particularly related to financial, educational and include regular operation, market information, commercial communication, and professional networking due to limited contribution of different financial and non-financial institutions. It collected primary data through interviews with entrepreneurs of four small and medium businesses where two are specialized in goods, i.e., boutique, catering, and others two are specialized in services, i.e., event management and consultancy. It contributes to the existing literature on women's entrepreneurship by revealing an innovative way of supporting entrepreneurship through financial institutions. The study offers solutions to improve business conditions by investigating some businesses of women entrepreneurs who received entrepreneurship education through a university collaborated financial institution named City Alo, a section of City Bank in Bangladesh to solve their entrepreneurship challenges.

Family determinants of entrepreneurial success - The mediational role of self-esteem and achievement motivation

The aim of the study was to empirically verify the model of family determinants of entrepreneurial success, thus analyzing the importance of different paths of parental influence on business effectiveness with the mediating role of self-esteem and achievement motivation. The study was conducted in Poland, on a group of 400 entrepreneurs (SME owners) who have been running their business in Poland for at least 3 years, randomly selected from CEIDG (Central Registration and Information on Business in Poland) electronic register of entrepreneurs. In the study the following tools were used: Questionnaire of Entrepreneurial Success by Staniewski et al.; Personal Data Sheet, created by the authors for the purposes of the study; Retrospective Evaluation of Parental Attitudes Questionnaire by Plopa (2008); Entrepreneur’s Family Communication Questionnaire by Staniewski et al. (2023); Rosenberg's Self-Esteem Scale (Polish version by Łaguna et al., 2007); Achievement Motivation Inventory (abbreviated version) created by Schuler et al. (adapted to Polish by Klinkosz & Sękowski (2013). The initially proposed model fell short in fitting data satisfactorily, although it was in general agreement with them. A modified and simplified version of the model, proved to be a better representation of the collected data and confirmed the general theoretical assumption posed in this work.