Does practice make perfect? Assessing the formation of expertise amongst new venture founders

Abstract

PurposePrior research has theorised that entrepreneurs use deliberate practice (DP) in the start-up process to improve their competences and achieve new venture success. However, does DP truly lead to an increase in entrepreneurial expertise? This article advances the understanding of DP for entrepreneurship scholars by answering the following question: to what extent does DP influence the formation of entrepreneurial expertise amongst business founders?Design/methodology/approachThe study employs a sample of founders of limited-liability firms. Data were collected mainly through a web-based survey designed specifically for this research. Regression analysis was used to investigate the relationship between DP and entrepreneurial expertise amongst business founders.FindingsThe results show that DP is positively associated with entrepreneurial expertise, which provides us with an improved understanding of DP and expertise in the entrepreneurship context.Originality/valueThe article offers empirical evidence linking DP to the achievement of entrepreneurial expertise. Further, the article emphasises DP as key to experiential learning, representing a predominant mode by which entrepreneurs’ experiences are transformed into expertise. Finally, the article highlights the important role of learning through DP in opportunity development.