Drivers of entrepreneurial start-ups and challenges on start-ups success: implications for entrepreneurial education in Ghana

Daniel Komla Gameti and Isaac Nana Akuffo

International Journal of Export Marketing, 2023, vol. 6, issue 1, 47-74

Abstract: The need for entrepreneurial education has become essential in Ghana due to the increasing number of graduate unemployment. As a result, we explored the factors that drive start-up success, start-up challenges, and their implications for entrepreneurial education in Ghana. We sampled 323 SMEs from different sectors in Ghana using convenient sampling. The study employed a survey design and a quantitative research approach. We analysed the data with exploratory factor analysis and multiple regression. The findings showed that personal freedom and knowledge acquired through entrepreneurial education are the major drivers that positively influence start-up success. We also found that start-ups with more full-time employees tend to experience more success than start-ups with more part-time employees. The study further observed that the challenges faced by start-ups play a significant positive role in their success. Finally, we found that entrepreneurs' level of education positively influences the critical success factors of start-ups. Therefore, government and entrepreneurship curriculum designers in Ghana must consider the drivers of start-ups to enhance entrepreneurship education and training in Ghana. Discussion of findings, limitations, and recommendations for future research are discussed below.

Keywords: drivers of start-ups; entrepreneurial start-ups; entrepreneurial education; Ghana; challenges of start-ups; start-up success; critical success factors. (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=135650 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijexpo:v:6:y:2023:i:1:p:47-74

Access Statistics for this article

More articles in International Journal of Export Marketing from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().