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What to avoid to succeed as an entrepreneur

Author

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  • Mas-Tur, Alicia
  • Pinazo, Pablo
  • Tur-Porcar, Ana María
  • Sánchez-Masferrer, Manuel

Abstract

Entrepreneurship 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.

Suggested Citation

  • Mas-Tur, Alicia & Pinazo, Pablo & Tur-Porcar, Ana María & Sánchez-Masferrer, Manuel, 2015. "What to avoid to succeed as an entrepreneur," Journal of Business Research, Elsevier, vol. 68(11), pages 2279-2284.
    • Handle: RePEc:eee:jbrese:v:68:y:2015:i:11:p:2279-2284
    DOI: 10.1016/j.jbusres.2015.06.011
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    3. Zhou, Mingshan & Xiao, Dacheng & Chan, Kam C. & Fung, Hung-Gay, 2019. "The impact of pre-IPO performance pressure on research and development investments of an IPO firm: Evidence from China," Economic Modelling, Elsevier, vol. 78(C), pages 40-46.
    4. Cervelló-Royo, R. & Moya-Clemente, I. & Perelló-Marín, M.R. & Ribes-Giner, G., 2020. "Sustainable development, economic and financial factors, that influence the opportunity-driven entrepreneurship. An fsQCA approach," Journal of Business Research, Elsevier, vol. 115(C), pages 393-402.
    5. Welsh, Dianne H.B. & Kaciak, Eugene & Shamah, Rania, 2018. "Determinants of women entrepreneurs' firm performance in a hostile environment," Journal of Business Research, Elsevier, vol. 88(C), pages 481-491.
    6. Duarte, Paulo & Pinho, José Carlos, 2019. "A mixed methods UTAUT2-based approach to assess mobile health adoption," Journal of Business Research, Elsevier, vol. 102(C), pages 140-150.
    7. Elena Patricia Mojica-Carrillo & Gonzalo Maldonado-Guzmán & Sandra Yesenia Pinzón-Castro & Angie Lorena Riaño-Castillo, 2021. "Effects of Entrepreneurial Orientation on Performance and Growth: Are Microenterprises and Small Firms Equal?," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 11(4), pages 1-2.
    8. Welsh, Dianne H.B. & Botero, Isabel C. & Kaciak, Eugene & Kopaničová, Janka, 2021. "Family emotional support in the transformation of women entrepreneurs," Journal of Business Research, Elsevier, vol. 137(C), pages 444-451.
    9. Tevfik Aktekin & Dev K. Dutta & Jeffrey E. Sohl, 2018. "Entrepreneurial firms and financial attractiveness for securing debt capital: a Bayesian analysis," Venture Capital, Taylor & Francis Journals, vol. 20(1), pages 27-50, January.
    10. Zulaicha Parastuty & Dieter Bögenhold, 2019. "Paving the Way for Self-Employment: Does Society Matter?," Sustainability, MDPI, vol. 11(3), pages 1-16, January.
    11. Kaciak, Eugene & Welsh, Dianne H.B., 2020. "Women entrepreneurs and work–life interface: The impact of sustainable economies on success," Journal of Business Research, Elsevier, vol. 112(C), pages 281-290.
    12. Dianne H. B. Welsh & Eugene Kaciak & Silvana Trimi & Emerson Wagner Mainardes, 2018. "Women Entrepreneurs and Family Firm Heterogeneity: Evidence from an Emerging Economy," Group Decision and Negotiation, Springer, vol. 27(3), pages 445-465, June.
    13. Ribes-Giner, G. & Moya-Clemente, I. & Cervelló-Royo, R. & Perello-Marin, M.R., 2018. "Domestic economic and social conditions empowering female entrepreneurship," Journal of Business Research, Elsevier, vol. 89(C), pages 182-189.
    14. Welsh, Dianne H.B. & Kaciak, Eugene & Thongpapanl, Narongsak, 2016. "Influence of stages of economic development on women entrepreneurs' startups," Journal of Business Research, Elsevier, vol. 69(11), pages 4933-4940.

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