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| Author: | Gelderen, M. von Thurik, R. Bosma, N. |
| Title: | Success and risk factors in the pre-startup phase |
| Journal: | Small business economics
2005 : MAY, VOL. 24:4, p. 365-380 |
| Index terms: | new enterprise risk success |
| Language: | eng |
| Abstract: | Why does someone actually succeed in starting a business, while someone else gives up? To answer this question, a sample of 517 nascent entrepreneurs (people in the process of setting up a business) was followed over the three-year period. After this period, it was established that 195 efforts were successful and that 115 startup efforts were abandoned. This study focuses on estimating the relative importance of a variety of approaches and variables in explaining pre-startup success. The findings point to the importance of perceived risk of the market as a predictor of getting started vs. abandoning the startup effort. |
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