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The influence of personal and environmental factors on entrepreneurs’ performance

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Purpose – This paper aims to analyse the determinants of business start-ups and their impact on
entrepreneurial performance. The theoretical part indicates that the importance of small- and
medium-sized enterprises (SMEs) considers the role of entrepreneur in the business process and provides
an overview of theoretical and empirical findings in the main determinants of business start-ups.
Design/methodology/approach – The empirical part is based on quantitative survey results from a
model of business start-up factors and relations with the entrepreneurs’ performance. The data were
analysed using the statistical package for data analysis SPSS for Windows. The factor analysis was
performed separately for the set of variables that have measured the reasons for founding the start-up, the
personality traits, environmental factors and performance. The paper used a multiple linear regression
model to identify the strength, direction and impact of different factors on the start-up performance.
Findings – In general, the study identifies which indicators influence entrepreneurs’ performance
(personal and business) in the first years of their companies. The paper revealed the heterogeneity of
the measures for performance and their different natures (from financial indicators to those related to
the entrepreneur satisfaction). Consequently, one of the most significant findings of the research is
that, in spite of the fact that the most commonly used indicators for the firm performance in the
literature are financial, the paper should not neglect the so-called perceived performance. This is how
entrepreneurs are satisfied with their success.
Research limitations/implications – The study is limited to Slovenian SMEs, but can be
generalised to other regions. The study offers notable contributions for research and practice
(improvements in SME environmental factors).
Practical implications – The personal traits and appropriate business environments can have
beneficial effects on the entrepreneur’s perceived performance. The findings can be used to guide the
government in efficient management of different dimensions of entrepreneur environment.
Originality/value – This study proved the existence of latent elements of the entrepreneur’s
perceived performance. It gives valuable information, which hopefully will help the policy makers and
entrepreneurs to give greater respect to the meaning of critical personal and environmental factors.

Keywords Management, Entrepreneurship, Economics, Entrepreneur start-up motivation,Personal characteristics, Environmental determinants, Perceived successfulness

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Informasi Detail

Judul Seri

Kybernetes

No. Panggil

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Penerbit

: Emerald Group., 2013

Deskripsi Fisik

Kybernetes Vol. 42 No. 6, 2013 pp. 906-927

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

EKONOMI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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