What to avoid to succeed as an entrepreneur

Abstract

a b s t r a c tEntrepreneurship is a driver of economic growth and development. This study highlights the importance of entrepreneurship in emerging countries and examines entrepreneurs' characteristics in these countries. In particular, the study explains what entrepreneurs should avoid to succeed in Latin America. An empirical study analyzes factors that relate to businesses and entrepreneurs in El Salvador, one of the Latin American countries with the lowest rates of business success. In the study, business factors consist of the use of formal and informal advisory services and the degree of innovation. Variables that relate to the entrepreneur are educational attainment and the demographic variables sex and age. Results from analysis of 2012 GEM data using csQCA methodology show that degree of innovation, professional advisory services, and educational attainment play key roles in business success.

Work-Family Balance and Marketing Capabilities as Determinants of Chinese Women Entrepreneurs' Firm Performance

“…This translates into lower firm performance (Coleman, 2000;Pinazo-Dallenbach, MasTur, & Lloria, 2016). Other studies, however, find no link between the two variables (Akehurst et al, 2012;Lafuente & Rabetino, 2011;Mas-Tur et al, 2015;Pinazo-Dallenbach et al, 2016). Nevertheless, to capture the possible effect of the entrepreneur's age on her firm performance, we control for the presence of this variable in our research model.…”

Women Entrepreneurs and Family Firm Heterogeneity: Evidence from an Emerging Economy

“…It is well-known in extant literature that family support does have a positive effect on firm performance (Welsh et al 2014). For example, Mari et al's (2016) study found that strategic support from the family is positively related to female-owned business performance. Other researchers also reported that family support can positively influence firm performance (Verheul et al 2006;Chang et al 2009;Powell and Eddleston 2013), while lack of it can have negative effects (Sharma 2008).…”

“…Firm Performance is the dependent variable, measured through the respondent's current business revenue. Business revenue was used as a measure of firm performance in other studies (Diaz-Garcia and Brush 2012; Mari et al 2016). The Brazilian national average income per person was used to code if the income was higher (1) or lower (0) than the average income (approximately $950 USD per month; Trading Economics 2013).…”

“…Business Start-up Funding was coded to differentiate if the woman entrepreneur started the business with her own savings (1) or if she financed the start-up with borrowed funds from family, nonrelatives, or institutions (0) (Mari et al 2016).…”

“…Business Experience was used to differentiate weather a woman entrepreneur had been in business longer than three years (1) or otherwise (0) (Mari et al 2016).…”