Description
Entrepreneurial Intentions and Success Factors: A Mixed-Methods Study Among Young Entrepreneurs
Abstract
The research examining Entrepreneurial Intentions also triumphs considerations amongst youthful entrepreneurs. However, the significance that young entrepreneurship plays as a catalyst for creativity and economic development is becoming more widely appreciated. Complex and subject to several variables, such as environmental conditions combined with personal characteristics as well as social networks. These are the reasons why young people want to start their enterprises. For instance, it is vital to identify the key factors driving young entrepreneurs to pursue entrepreneurship. Generally, they tend to influence the future directions of economies. Moreover, the study also analyzes how social, environmental, and personal factors affect entrepreneurial targets. This study will determine the critical factors that help or hinder the success of young entrepreneurs and also make recommendations for development.
The study uses a mixed-methods tactic that merges both qualitative and quantitative methods. However, within the method of qualitative, thorough interviews are conducted with young business owners to understand more about their objectives, challenges, and explanations of success. Interviews that give insight into their business goals on a deep, personal level. One of the measures is a survey to assess risk-taking, education, and resource availability concerning each other and how they are particularly impacting the business performance. Overall, the results of this study indicate the presence of a few important variables that influence the objectives and outcomes of novice entrepreneurs. A crucial influence on entrepreneurial intention includes sharp social networks that demonstrates efficacy and entrepreneurial education.
In addition, innovation, especially financial management, and flexibility are also recognizable as successful criteria. The study offers insightful information to support groups, educators, and legislators who want to develop the next generation of entrepreneurs. To assist youth entrepreneurship, stakeholders are creating more successful programs and initiatives. It is done by acknowledging influences on entrepreneurial intentions, thus leading to success. To help young entrepreneurs succeed, the study makes useful suggestions for improving training programs, expanding access to resources, and fostering a positive atmosphere. Finally, such initiatives will support a more vibrant ecosystem of entrepreneurs and advance overall economic growth.
Read more about the topic
The Factors Affecting Entrepreneurship Intention
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