The influence of entrepreneurial traits on the success of startup performance in India

Anjali Dubey and Archana Shrivastava

International Journal of Entrepreneurship and Small Business, 2024, vol. 53, issue 3, 279-299

Abstract: The purpose of this paper is to examine the significant influence of entrepreneurial traits (personality traits, networking, human capital/skills, experience and strategy) on the success of startup performance in India. This purpose has been achieved by gathering data from 100 selected startups from different sectors following the National Capital Region statistics. We employed both descriptive statistics and a confirmatory factor analysis to put forward the findings. The findings showed a significant influence of entrepreneurial traits on startup performance in India. Various factors like innovativeness, risk attitude, informal alliance, external networks, technological collaborations, business association and customer contact had a positive impact on the startup's success. The implication is that personal and non-personal factors influence the startup performance and formation processes. The findings of this study may be of significant help for the corporate sector, micro-small businesses, and the government to decide how young people can be trained to ensure startup success. The paper, therefore, recommended using this newly developed tool by policy-makers to improve and help the Indian Government to understand what could be the possible new policies to implement and hence develop a new startup cultural environment.

Keywords: entrepreneurial traits; startup performance; confirmatory factor analysis; India. (search for similar items in EconPapers)
Date: 2024
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