An investigation into factors that keep nascent entrepreneurs from the start-up of an own venture
Hoeger, Thomas Josef (2013)
2013
Kuvaus
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Tiivistelmä
The goal of this study was to identify which factors prevent nascent entrepreneurial students from starting a business.
Based on applicable entrepreneurial theories, potential influencing factors which might keep these students from opening a business were derived and put into an integrative framework. These were: social pressure, change of expected values, absence of self-efficacy, displacement effects, discouragement by role model, lack of sufficient network, lack of essential knowledge and skills, low need of achievement and being risk averse.
In semi-structured, exploratory interviews, eleven nascent entrepreneurial students were interviewed and reasons that kept them from opening a start-up were uncovered. The practical findings of these interviews were checked against the theory and new findings were highlighted as well as possible in the light of suitable entrepreneurial theories.
The findings were summarized in general terms and analyzed as to how often they occurred. A practical framework was developed as well. In total, ten influencing factors, that kept the eleven nascent entrepreneurial students from opening a business, were explored and combined in a practical framework. These factors were: displacement effects, economic reasons, lack of partners, influences by social surroundings, absence of self-efficacy, being a foreigner, time, lack of assistance by incubators, bureaucracy and being risk averse.
Based on applicable entrepreneurial theories, potential influencing factors which might keep these students from opening a business were derived and put into an integrative framework. These were: social pressure, change of expected values, absence of self-efficacy, displacement effects, discouragement by role model, lack of sufficient network, lack of essential knowledge and skills, low need of achievement and being risk averse.
In semi-structured, exploratory interviews, eleven nascent entrepreneurial students were interviewed and reasons that kept them from opening a start-up were uncovered. The practical findings of these interviews were checked against the theory and new findings were highlighted as well as possible in the light of suitable entrepreneurial theories.
The findings were summarized in general terms and analyzed as to how often they occurred. A practical framework was developed as well. In total, ten influencing factors, that kept the eleven nascent entrepreneurial students from opening a business, were explored and combined in a practical framework. These factors were: displacement effects, economic reasons, lack of partners, influences by social surroundings, absence of self-efficacy, being a foreigner, time, lack of assistance by incubators, bureaucracy and being risk averse.