PROFIT EXPECTATIONS AND PERCEPTION ON POTENTIAL BENEFITS OF THE ENTREPRENEURS SELECTED IN BUSINESS ACCELERATORS PROGRAMS

Ramona Simut, Daniel Badulescu and Alina Badulescu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2021, vol. 15, issue 1, 467-478

Abstract: The importance of entrepreneurship and the dynamics of the SMEs sector upon economic growth, innovation, employment, decreasing regional disparities is undeniable, but all these effects are neither inevitable nor easily attainable. Thus, decision makers, researchers and the entrepreneurs themselves are committed to promoting and supporting the creation of new businesses as a means to stimulate and encourage development, and for this purpose, business and start-up accelerators, business incubators and/or business angels act as good case examples. By encouraging valuable business ideas, by easing the transition that exists between the moment of generating an idea to actually setting up a business and then supporting its rapid growth can be a viable means for realizing the ambitions and performances of new companies and, implicitly, for ensuring economic growth, general and individual prosperity. In this paper, by using the results and information from a survey applied to a considerable number of start-ups around the world and made available by the Entrepreneurship Database Program (EDP), we have attempted to identify the existence of a correlation between the profit margin aspirations and the potential benefits that are typically associated with entrepreneurial accelerators. Our results show that there are certain expectations regarding the usefulness and utility of entering acceleration programs and that these expectations may be correlated to the ambitions of future performances/activities. In the same time, there is a certain misalignment between how the image of entrepreneurial success is perceived, the demands and requirements of accelerator programs and the expectations of young entrepreneurs.

Keywords: business accelerators; entrepreneurship; profit margin; SMEs. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:15:y:2021:i:1:p:467-478

DOI: 10.24818/IMC/2021/03.03

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