Pre-start up factors Flashcards
Which 4 factors are empirically proven to influence business growth
Age, gender, education and unemployment
How many studies did Storey and Greene (2010) review to judge the 10 factors?
36
What did OECD (2013) find?
women-owned businesses perform less well
Why do women owned businesses perform less well?
Don’t have requisite abilities, family responsibilities, discrimination, enter markets which are generally low productive
Why do younger owners not experience growth?
Lack resources, access and experience
Why do older owners not experience growth?
Lack motivation, retire
Name the 10 pre-start up factors
Age, gender, education, unemployment, ethnicity, prior-sectoral experience, prior-business experience, partners, family, personality
Why does unemployment lower growth?
Fear of high risk venture, lack entrepreneurial talent to succeed
What did Gartner (1988) find?
No empirical link between personality and growth
Definition of pre-start up factors
The entrepreneur and their resources
Why would education improve growth?
Enhances skills and knowledge, better chance of accessing external finance, better knowledge of which sectors are more lucrative
Who found a significant relationship between an entrepreneurs age and growth?
Mata (1996)
