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Factors affecting the success of microenterprises: an approach through entrepreneurial resources

Author

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  • Obed Kent
  • Khundrakpam Devananda Singh

Abstract

Entrepreneurial resources are one of the success factors of entrepreneurship. The aim of this paper is to draw the entrepreneurial resources factors that influence the success of microenterprises. A schedule containing nine factors comprising of 29 items was prepared after a successful pilot study. Data was collected from 100 numbers of microenterprises in the study area. Besides Cronbach's alpha, Kaiser-Meyer-Olkin and Bartlett's test of sphericity, exploratory factor analysis was also applied in the process of analysis. The study found that gender-wise parents' support, risk-taking attitude, age of entrepreneurs, startup motive, business experience, innovation, training and education are the entrepreneurial resources factors that influence the success of microenterprises.

Suggested Citation

  • Obed Kent & Khundrakpam Devananda Singh, 2024. "Factors affecting the success of microenterprises: an approach through entrepreneurial resources," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 33(3), pages 425-442.
    • Handle: RePEc:ids:ijicbm:v:33:y:2024:i:3:p:425-442
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