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| Author: | Gelderen, M. van Thurik, R. Bosma, N. |
| Title: | Success and risk factors in the pre-startup phase |
| Journal: | Small business economics
2006 : MAY, VOL. 26:4, p. 319-335 |
| Index terms: | new enterprise entrepreneurship venture capital risk |
| Language: | eng |
| Abstract: | To answer the question why does one person succeed in starting a business while someone other gives up, a sample of 517 nascent entrepreneurs was followed over a 3-year period. An amount of 195 efforts were found successful while 115 start-up efforts were abandoned. This research focuses on estimating the relative importance of a variety of approaches and variables in explaining pre start-up success. ... The results point to the importance of perceived risk of the market as a predictor of getting started vs. abandoning the start-up effort. |
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