Factors affecting the success of microenterprises: an approach through entrepreneurial resources

Obed Kent and Khundrakpam Devananda Singh

International Journal of Indian Culture and Business Management, 2024, vol. 33, issue 3, 425-442

Abstract: Entrepreneurial resources are one of the success factors of entrepreneurship. The aim of this paper is to draw the entrepreneurial resources factors that influence the success of microenterprises. A schedule containing nine factors comprising of 29 items was prepared after a successful pilot study. Data was collected from 100 numbers of microenterprises in the study area. Besides Cronbach's alpha, Kaiser-Meyer-Olkin and Bartlett's test of sphericity, exploratory factor analysis was also applied in the process of analysis. The study found that gender-wise parents' support, risk-taking attitude, age of entrepreneurs, startup motive, business experience, innovation, training and education are the entrepreneurial resources factors that influence the success of microenterprises.

Keywords: entrepreneur; entrepreneurial resources; entrepreneurs' family background; exploratory factor analysis; financial independence; parents' support; innovation; microenterprise; risk taking; startup motive. (search for similar items in EconPapers)
Date: 2024
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