Entrepreneurial Success Research Articles

Do makerspaces affect entrepreneurship? If so, who, how, and when?

AbstractResearch SummaryMakerspaces are physical spaces that offer individuals fabrication tools and materials (e.g., 3D printers) to make artifacts. Although not designed specifically for entrepreneurs, these spaces offer affordable access to rapid prototyping infrastructure. This study examines whether makerspaces affect entrepreneurship and, if so, who, how, and when. Leveraging hand‐collected data on US makerspaces and large archival data on Kickstarter projects, I show that makerspaces positively affect entrepreneurial participation and subsequent commercialization outcomes. However, these effects are mostly specific to hardware (vs. nonhardware) activities that typically involve physical prototypes. I find that the effect on entry is driven more by new (vs. established) but intentional (vs. accidental) entrepreneurs and that the effect on commercialization comes from two operating and complementary channels—resource provision and social facilitation.Managerial SummaryDespite a few high‐profile anecdotal entrepreneurial successes that emerged from the increasingly popular makerspaces, whether these spaces have large‐scale effects on entrepreneurship remains unclear. Do makerspaces encourage entrepreneurial participation, if so, who? Do makerspaces benefit entrepreneurial commercialization, if so, how? Are there any conditions determining when these effects would occur? This study demonstrates meaningful broad‐based impacts of makerspaces on particular types of entrepreneurship with growth potential. The findings suggest that competitive, prominent accelerators and incubators are not the only avenues for entrepreneurs to achieve commercialization success. Useful insights are discussed for entrepreneurial program managers and policy makers designing systems and structures that support inclusive prosperity for entrepreneurs.

Empowering University Graduates for Self-Defined Careers via Entrepreneurship: A Roadmap

The increasing unemployment among the educated groups has become a major socio-economic problem which is being addressed by Higher education system of India which is relentlessly working towards developing a culture of generating successful entrepreneurs. Different studies have been conducted to demonstrate how entrepreneurial education imparted by academic institutions has paved way for students to become self-reliant. This research work has been focussed on identifying the bottlenecks/ lacunae in education system that hamper the growth of students as entrepreneurs. The main instrument of study was a questionnaire that confirmed validity by a panel of experts. This study used 120 respondents from postgraduate students of SKUAST-Kashmir where 50% of the respondents were female students. The results of study showed that majority of respondents lacked the confidence and skills to become entrepreneurs. The investigation has suggested the pathways to overcome these drawbacks thus making University education system more entrepreneurship oriented. The study concluded that for motivating, developing positive attitude and expertise among the students regarding entrepreneurship, the universities need to reframe their syllabus and pedagogy which is focused on practical applicability of a subject. The research work also highlighted the importance of including entrepreneurship related subject from 1st year up to the final year of the study in order to inculcate the culture of entrepreneurship among the students. The study suggested the steps to be undertaken for making higher education system more entrepreneurship focused and result oriented.

The Transformation of Kizukai Habitus on Asian Trainee in Japan: Striving and Competition of Labor Market in ASEAN

In the 1990s, Japan faced a severe economic downturn known as the "Lost Decade." To address labor shortages and strengthen economic and political ties with developing nations, the Japanese government has initiated a trainee program to provide individuals from developing countries in Asia with the opportunity to gain work experience in Japan for three years. The research aims to explore the impact of Japan's trainee program on participants who left Japan between 2000 and 2010. Specifically, it investigates how these individuals adapt to Japanese society through the concept of ‘kizukai’ (empathy and concern for others) and examines their success in establishing businesses in their home countries. The research employs an ethnographic approach, utilizing direct interviews and a literature review. The ethnographic method, utilizing direct interviews with former trainees, offers qualitative insights into their social adaptation, business success, and engagement with Japanese cultural practices, enriching the understanding of their lived experiences. The literature review complements this by providing a theoretical framework, particularly Bourdieu's theories of habitus, field, and capital, to analyze the changes in trainees' behaviors and their impact on business practices. The research finds that many trainees have successfully integrated into Japanese society by internalizing Hiroyuki Inoue's concept of kizukai. This integration plays a significant role in their entrepreneurial success upon returning to their home countries, where they establish prosperous businesses. The findings suggest that while the trainee program has shortcomings, it contributes to strengthening international economic relations and offers lessons for improving future trainee programs.

Multidimensional analysis of entrepreneurial leadership and spatial innovation for sustainable startup success in emerging markets

AbstractUnderstanding the key factors that drive entrepreneurial success is vital in our quest to achieve sustainable development goals and cultivate inclusive business models in emerging markets. This study employs a mixed‐methods approach, combining qualitative expert interviews (n = 25) with content analysis of secondary data sources (76 journal articles, 17 reports, 20 newspaper articles, 15 blogs, 24 video clips, and 7 book chapters). Data were investigated utilizing grounded theory techniques, including open, axial, and selective coding. The study focuses on successful startups in Bangladesh, selected based on criteria, such as financial performance, growth potential, and innovation. The findings reveal that 92% of successful startup leaders possess resilience, 88% demonstrate effective communication skills, 84% exhibit a growth mindset, and 80% employ a strategic mindset. Furthermore, 76% of these leaders foster a culture of innovation by embracing failure, 72% adopt a vision‐oriented approach, and 68% decentralize authority. The study highlights that 64% of successful startups leverage market analysis techniques, 60% optimize their supply chains, 56% employ effective risk management strategies, 52% focus on customer segmentation, and 48% utilize crowdsourcing methods to enhance their strategic decision‐making and operational efficiency. Conversely, 40% of unsuccessful startups lack salesmanship skills, 36% lack humility, and 32% have limited coachability. This research contributes to the understanding of entrepreneurial strategies and the private sector's role in achieving sustainable business development in emerging markets, providing valuable insights for entrepreneurs, policymakers, and stakeholders in the entrepreneurial ecosystem.

Psychological Factors Affecting Female Entrepreneurship Success: A Case of Chinese Muslim Female WeChat Business Entrepreneurs

This article mainly explores the psychological factors that contribute to women entrepreneur’s success. This study focuses on 10 Chinese Muslim women entrepreneurs on WeChat. This article uses qualitative in-depth interviews. This study reveals the psychological factors that influence the success of female entrepreneurs. This research found that for Muslim female WeChat business entrepreneurs, persistence and patience, courage to face difficulties, bold investment, and the support of faith have become the psychological factors for female entrepreneurial success. Through psychological empowerment, women can improve their self-esteem, which is more conducive to women's active entrepreneurship. For Muslim women, faith empowerment is the most important characteristic of women. Women gain confidence and achieve self-growth through faith.

Sistematik Literatur Review dampak Kepercayaan Diri pada Kesuksesan Pengusaha

This study aims to examine the impact of self-confidence on entrepreneurial success through a systematic review of existing literature. Self-confidence is an important psychological factor in entrepreneurship, influencing risk-taking, innovation, persistence, and business performance. The research method used is a literature review involving the search and analysis of various relevant empirical studies. The results of the study indicate that high self-confidence is positively correlated with greater risk-taking ability, creativity in innovation, resilience in the face of failure, and achievement of better business performance. In addition, factors such as experience, education and entrepreneurial training, social support, and culture and economic climate are also found to play a significant role in shaping and strengthening entrepreneurial self-confidence. This study also identifies several challenges and gaps in previous research, such as variations in the definition and measurement of self-confidence, and the lack of qualitative and longitudinal approaches. Keywords: Self-confidence, Entrepreneurship, Entrepreneurial Success

Pengaruh Minat dan Bakat Terhadap Kesuksesan Berwirausaha Mahasiswa Darullughah Waddawah (DALWA) Bangil Pasuruan

This study aims to determine the influence of interest and talent on the entrepreneurial success of DarullughahWadawah (DALWA) Pasuruan students class of 2018, with a total of 79 respondents .This research is a quantitative descriptive research, namely research by obtaining data in the form of numbers or quantitative data that is raised. The data was obtained from the 2018 Darullughah Wadawah Pasuruan student response questionnaire with quantitative analysis techniques using SPSS 25.The results of the study show that it can be known that the Fcal value is 6,508 with a significant value of 0.000, meaning that the significant value is smaller than the alpha level of 0.05. Thus it can be concluded that the research hypothesis is accepted. This means that there is a positive and significant influence between factors (interests and talents) on entrepreneurial success.

Exploring the Role of Economic and Digital Literacy in Shaping Entrepreneurial Behavior in Online Business Platforms

This study explores the influence of economic and digital literacy on entrepreneurial behavior among business actors registered on the Grab application. Utilizing a quantitative approach, the research draws on primary data collected from respondents to analyze the relationship between these literacy levels and entrepreneurial behavior. The analysis methods include descriptive and statistical analyses, such as multiple linear regression, hypothesis testing, and correlation analysis. The findings indicate a positive and significant relationship between economic literacy and digital literacy on entrepreneurial behavior. This suggests that a solid understanding of economic principles, coupled with effective use of digital technology, plays a crucial role in shaping the entrepreneurial behavior of business actors in Makassar City, particularly those in the culinary sector. The study highlights the importance of enhancing both economic and digital literacy to foster entrepreneurial success. Business actors are encouraged to participate in training and literacy programs to develop the necessary knowledge and skills that will enable them to thrive in the competitive business environment.

Entrepreneurial archetypes: Spiritual well-being as a catalyst for humane entrepreneurship and performance

ABSTRACT Entrepreneurial firms significantly impact economies; nevertheless, they face high failure rates. While factors like market assessment and management skills are known to influence entrepreneurial success, intrinsic factors such as spirituality have been less explored. This study examines whether spirituality, through the lens of spiritual well-being (SWB), can enhance entrepreneurial performance (EP) by analyzing different archetypes of entrepreneurs. Three archetypes have been identified that show the relevance of SWB in EP: task-oriented, heropreneurs, and holistic entrepreneurs, each showing varying degrees of success in economic and noneconomic aspects. Findings suggest SWB is critical in enhancing EP by promoting a balanced life, effective stress management, and stronger interpersonal connections. Furthermore, humane entrepreneurial orientation has been identified as a comprehensive entrepreneurial behavioral theory that intertwines SWB and EP. Integrating spiritual values into entrepreneurial ecosystems can significantly aid in overcoming challenges and ensuring long-term success.

Optimizing Women's Entrepreneurship to Enhance Family Domestic Income: A Case Study of Female Entrepreneurs in BatamThis study examines the role of women's entrepreneurship in enhancing domestic family income in Batam, a special economic zone with unique

This study examines the role of women's entrepreneurship in enhancing domestic family income in Batam, a special economic zone with unique socio-economic characteristics. The study employs a mixed-methods approach, integrating quantitative and qualitative designs to understand the factors influencing women's entrepreneurship and to develop optimization strategies. Quantitative data were collected through questionnaires distributed to 200 female entrepreneurs across 12 districts in Batam, while qualitative data were obtained through in-depth interviews, focus group discussions (FGD), and participant observations. Data analysis was conducted using variance-based structural equation modeling (PLS-SEM) and NVIVO software to analyze the complex relationships between variables. The results of the study indicate that women's education level, access to capital, and family support are critical factors influencing the success of entrepreneurship. Access to capital is proven to be a significant challenge, with barriers such as high interest rates and complex procedures. Additionally, the increase in family income derived from women's businesses contributes to improving family welfare, including children's education, health, and financial stability. Based on these findings, the study recommends the need for improved access to capital, the development of relevant entrepreneurial training programs, and supportive government policies to strengthen the role of women's entrepreneurship in Batam. This study is expected to contribute meaningfully to the literature on women's entrepreneurship and provide a foundation for the development of more effective policies in the future.

Dynamic effect of critical success factors of SMEs on entrepreneurial performance via e-commerce performance

This study examines the critical success factors (CSFs) that influence the adoption of e-commerce platforms by small and medium-sized enterprises (SMEs) and see how the adoption affects the SMEs' subsequent entrepreneurial performance. Building on the technology-organization-environment (TOE) and theory of entrepreneurial competency (TEC), the study presents and evaluates a comprehensive model that considers CSFs components as well as the moderating effect of entrepreneurial competencies. Convenience sampling was used to gather data from a survey of Bangladeshi SMEs using a standardized questionnaire; structural equation modeling (SEM) was then used to analyze 384 valid samples. Empirical findings indicate that CSFs elements, particularly organizational and external factors, have a significant association with e-commerce performance. The study also presents and supports the idea that entrepreneurial competencies have a moderating influence on the link between overall entrepreneurial performance and e-commerce performance. The findings contribute theoretically by outlining key influencers of e-commerce and entrepreneurial performance offering insights for young entrepreneurs and future researchers. It underscores the importance of focusing on CSFs for ensuring business success. Notably, the research emphasizes the pivotal role of entrepreneurial competencies for young entrepreneurs and SME owners providing practical insights for enhancing personal qualities and decision-making abilities to ensure entrepreneurial success in the dynamic e-commerce industry.

The Role of Entrepreneurial Leadership on Entrepreneurial Success: The Place of Leadership and Entrepreneurial Skills

This research paper investigated the nature of correlation between Entrepreneurial Leadership (EL) and Entrepreneurial Success (ES) with the aim of ascertaining their impacts in the organizations. It’s often said that everything rises and falls on leadership; this statement was confirmed from the findings of this study. The researcher adopted a qualitative research for the exploratory and systematic review of literature. This research used data from secondary sources. This study found a positive and significant relationship between Entrepreneurial Leadership (EL), and Entrepreneurial Success (ES). First, this study found that EL had a favorable impact on ES, indicating that the results are consistent with the findings of some scholars which also found that EL had a positive correlation with organizational performance. This demonstrates that a proactive, risk-taking, creative thinking, effective use of appropriate leadership abilities, and a greater inclination toward emotional intelligence and stability are characteristics of a leadership style. Furthermore, in a competitive setting, leaders can attain Entrepreneurial Success (ES) by applying their entrepreneurial abilities. In order to assist people in achieving their intended level of entrepreneurial success (ES), the study recommends that mentors or trainers should emphasize the significance of having strong leadership skills or qualities as well as precise entrepreneurial skills before venturing into any business.

Twenty-First Century Skills and Competencies Required by Business Education Graduates for Effective Entrepreneurial Success in Ebonyi State

Twenty-First Century Skills and Competencies Required by Business Education Graduates for Effective Entrepreneurial Success in Ebonyi State

Mengkreasikan Entrepreneurship Capital dan Relational Capital UMKM Kuliner di Sentra PKL Surabaya

Entrepreneurial capital indicators are talent, courage to take risks, interests, experience, creating change. Indicators of relational capital are trust, taste, customer service, distribution channels. The indicators of entrepreneurial success are conquering challenges, free from all rules, realizing your own ideas, giving other people's work to provide personal satisfaction and benefit others, and the benefits of knowing a lot for career development. The purpose of this study was to determine the effect of entrepreneurial capital & relational capital on entrepreneurial success. This research is a quantitative study with data collection techniques using a questionnaire. While the method of analysis of this research uses Partial Least Square with non-probability sampling through 100 respondents consisting of 52 men and 48 women in several PKL centers in Surabaya. The results of this study concluded: 1) entrepreneurial capital has an effect on entrepreneurial success; and 2) relational capital affects entrepreneurial success.

Innovations Ability Influenced by Creativity, Competence, and Intrinsic Motivation and Its Implications for Entrepreneurs Success

The strategic issue that is currently trending in Small Business activities is making MSMEs the backbone of the national economy. Empowerment and development of the existence of small business centers are very necessary so that they can grow and be sustainable, especially in the fashion sector. This research aims to explain the ability to innovate which is influenced by creativity, competence, and intrinsic motivation, and its implications for the success of small entrepreneurs (survey of small entrepreneurs in the fashion sector throughout Greater Bandung). The type of research is quantitative research, the research method used is descriptive and verification methods, and research variables include Creativity, Competence and Intrinsic Motivation, Ability to Innovate, and Entrepreneurial Success. The total sample was 250 small business actors with data collection techniques using questionnaires. The data analysis technique uses structural equation modeling (SEM) with the LIESRELL program. Descriptive research results show that creativity, competence, intrinsic motivation, and the ability to innovate as well as the success of entrepreneurs fall into the moderate to good category. The results of the verification research show that creativity, competence, and intrinsic motivation influence the ability to innovate both simultaneously and partially and the ability to innovate influences the success of small entrepreneurs in the Greater Bandung fashion sector.

Entrepreneurial Competency And Entrepreneurial Success: A Conceptual And Empirical Review

Entrepreneurial competency consists of specific skills, knowledge and abilities require by entrepreneur to start and manage an enterprise successfully. It consists of both the technical and management components. The skills and knowledge constitute the technical or the hardware component of entrepreneurial competency while management component could be described as the software aspect of entrepreneurial competency needed by the entrepreneur to function well in hardware functions. To ensure entrepreneurial success, entrepreneur must acquire the needed competencies which could be through training, education or hands-on experience. The purpose of this paper is carry out conceptual and empirical review on entrepreneurial competency and entrepreneurial success to provide a deeper understanding of the concepts and provide research direction to researchers most especially at this time of global inflation when small and medium businesses are finding it difficult to survive. Therefore, the paper provides a detailed review of the concepts of entrepreneurial competency and entrepreneurial success. Also, empirical review on the effect of entrepreneurial competency on entrepreneurial success and four measures of success namely profitability, sales growth, customer satisfaction and competitiveness are presented in this paper. The paper recommends that researchers should focus more attention on studying various dimensions of entrepreneurial competency to examine their effects on both financial and non financial measures of entrepreneurial success.

Does Entrepreneurship Education Matter for Students’ Business Success? The Mediating Role of Entrepreneurial Mindset

Over the recent past, entrepreneurship has become an increasingly popular topic. Many individuals are interested in becoming entrepreneurs and developing their businesses. However, not everyone has the skills to be a successful entrepreneur. There are several elements that can have an impact on business success, one of which is having an entrepreneurial mindset. The purpose of this paper is to determine the role of entrepreneurial mindset in mediating entrepreneurship education on student business success. The research data used is primary data by distributing questionnaires to respondents. The population in this study were students of the Faculty of Economics and Business Sciences, Pelita Bangsa University. The sample in this study was using Non-Probability Sampling. The sample used in this study were 100 respondents using the nonprobability sampling method, namely accidental sampling, which is a sampling technique based on chance, anyone who by chance / incidentally meets the researcher can be used as a sample if it is deemed that the person who happened to be met is suitable as a data source. In this study, the data analysis techniques used were descriptive analysis techniques and inferential analysis techniques using Partial Least Square (PLS) analyzers. According to the research results, entrepreneurship education and entrepreneurial mindset significantly affect students' business success.

Family Business and Its Problems; A Failure of Entrepreneurial Succession in Nigeria

Family Business and Its Problems; A Failure of Entrepreneurial Succession in Nigeria

Factors Influencing Women’s Entrepreneurial Success in a Patriarchal Society: Empirical Evidence from Morocco

The purpose of the current study is to identify factors associated with women’s entrepreneurial success. By embracing social feminism theory, this study provides a well-rounded analysis of the individual, social, institutional, and economic factors that shape successful women’s business development in a patriarchal society within a Muslim and Arab country. Following the conceptual model development, data were obtained from 212 Moroccan women business owners using a web-based questionnaire. The results, based on structural equation modeling, revealed the positive and direct influence of individual factors on women entrepreneurs’ success, including the need for achievement, and risk-taking. Additionally, external factors, particularly government support, social support, and access to finance, were found to be an important determinant of the entrepreneurial success of Moroccan women. This study enriches the existing knowledge on the determinants of the entrepreneurial success of women in developing countries. It offers offer useful managerial implications for policymakers who should implement appropriate actions to promote gender equality, as well as foster an environment conducive to enabling Moroccan women to launch and develop their own businesses.

The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France

The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France