Business continuity, motivation, and social conditions of young entrepreneurs

Abstract

The insignificant amount of Indonesian youths engaging in entrepreneurship has led to the assumption that it is difficult for youths to become entrepreneurs for their lack of capacity to create and innovate, and also their lack of courage to take risks. As a result, there is nearly no study on the capacity of young Indonesian entrepreneurs in maintaining their business continuity. This qualitative research, thus, aims to explore-by using the narrative method-the experiences of six young entrepreneurs in Indonesia when they were in a condition to decide to become an entrepreneur, and the conditions of running a business, with the purpose of understanding the context in which the youths opt to maintain business continuity. The study results indicate that despite being committed to themselves, their businesses, and their social capital, the youths' motivation to maintain their business continuity varies. More dynamic social conditions and more social relations result in more successful business continuity for it is driven by more superior motivation of young entrepreneurs; conversely, if social conditions are merely formed by internal conditions and fewer social relations, then youths' motivation to continue their business is low.

Integrative trust and innovation on financial performance in disruptive era

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Effort expectancy and social influence factors as main determinants of performance expectancy using electronic banking

“…(2014) expects the relationship between social impact and expected performance, but its results do not support this hypothesis. These findings are not typical for young entrepreneurs, whose incentives and results are derived by the social impact to a great extent (Rahmatiah et al, 2019). In their study, Kim and Park (2011) state that the stronger the social impact of an individual, the sooner the consumer will adapt to the new technology.…”

Identifying the impact of external environment on business angel activity

“…Another direction in researching the factors affecting Business Angels and Venture Capitalists activity concerns the impact of the wider economic environment on the investment climate. In addition to the economic growth and the degree of development of the capital market, the focus is on factors such as human capital (Vu & Ngo, 2019), entrepreneurial culture, R&D expenditure and the GDP per capita (Bencsik et al, 2018;Kiselakova et al, 2018;Ma cerinskien_ e & Survilait_ e, 2019;Mura & Kajzar, 2019;Rahmatiah et al, 2019;Zygmunt, 2019). These variables may be perceived as a reflection of the fact that the development of the BA and VC investment sectors comes with some degree of economic development, comprehensiveness and specialisation (Acemoglu & Robinson, 2008;Boettke et al, 2008;Mahmood et al, 2018;Schertler, 2003).…”