Pre Start-Up Problems and Abandonment of Nascent Ventures

Journal of Small Business …, 2011

The relationship between outcome status and encountered problems in the business start-up process is investigated. Contrary to expectations, we find that starters do not substantially differ from quitters in the number and type of problems encountered, and that problems encountered generally do not affect outcome status. This research is based on a sample of 414 Dutch nascent entrepreneurs followed over a three-year period. Its design is comparable to that of the U.S. Panel Study of Entrepreneurial Dynamics.

Revista Cientifica Pensamiento Y Gestion No 22 Ene Jun 2007, 2013

Resumen Este artículo describe el proceso de creación de una nueva empresa así como los problemas que más a menudo se presentan al intentar lograrlo. Para hacerlo, éste ha sido dividido en tres partes. La primera es introductoria y con una mirada a través de los trabajos preliminares de investigación se presentan algunas consideraciones teóricas y ciertas palabras claves. La segunda parte está relacionada con el proceso de arranque, puntualizando las actividades involucradas en la creación de una nueva firma. Finalmente, a través de los problemas de puesta en marcha y con estudios empíricos se muestran los más significativos problemas que tiene que enfrentar las nuevas firmas, así como algunos estudios empíricos que ilustran cómo la investigación en este campo puede ser llevada a cabo.

Foundations and Trends® in Entrepreneurship, 2016

International Journal of …, 1999

Sheds light on the process leading to new enterprise formation and identifies the impact of some selected demographic variables on business start-ups. In contrast to traditional research methodologies, this study used a new and more comprehensive approach to survey entrepreneurial intention. It studied both those who actually set up a new business and those "nascent entrepreneurs" who abandoned their idea prior to trading. The findings of an empirical analysis of 93 such entrepreneurs are presented. Using multivariate techniques to analyse the data, the importance of three demographic variables -gender, previous government employment and recent redundancy -was identified as having potential negative influences on small business formation, and comparisons are made with past studies.

Entrepreneurship & regional …, 2000

This paper reports on a unique study of a large, random sample of business start-ups that were identi ed prior to the actual, commercial launch of the ventures. The purpose of this paper is two-fold. First, to present frequencies on the involvement of the Swedish population in the ...

Journal of Small Business and Enterprise Development, 2007

Purpose-The purpose of this research is to examine the activities and behaviours of potential entrepreneurs as they move towards engagement in business start-up. Design/methodology/approach-Based on in-depth engagement with seven founders of new businesses, and informed by a review of the relevant literature. Findings-A series of transitions towards business start-up are identified, which in turn produced a five-step framework for examining and understanding the "pre-start" phase of preparation for entrepreneurship. Research limitations/implications-The case-based approach provided detailed and contextualised insight into how a small group of founders prepared for business start-up. There may be a need to test the framework with a larger group of business founders to assess its wider relevance and applicability. Practical implications-The pre-start framework identifies how individuals progress towards start-up, and so could be used as the basis for a programme to encourage individuals to move through each step towards engagement in business start-up. The movement from step to step can also be used to assess overall levels of preparation for entrepreneurship within the wider population, and so has the potential to be a useful indicator of overall levels of entrepreneurial orientation. Originality/value-The paper presents a process-focused model of the pre-start dynamic.

Purpose – Guidance from successful individuals can be valuable to prospective and nascent entrepreneurs, as well as writers and instructors in the field. This paper seeks to confirm contemporary entrepreneurship concepts, examine current perceptions, and expand the knowledge base by exploring established entrepreneurship perceptions through first-hand accounts of successful small business owners. Design/methodology/approach – This qualitative research study summarizes and analyzes interviews with 149 established entrepreneurs and small business owners regarding their perceptions on the advantages and disadvantages of their endeavors, and on providing advice to prospective new venture creators. Findings – The research revealed that entrepreneurs enjoy the independence, freedom, job satisfaction, and money, but believe the long hours, stress, responsibility, risk, and lack of company benefits are drawbacks of entrepreneurial activity. The findings largely support previous research in the field, while clarifying some of the positive and negative consequences and reporting insightful recommendations. Overall, the subjects reported that the positive aspects far outweigh the negatives in their chosen career path. Practical implications – Non-monetary features of entrepreneurial activities may be greater incentives to prospective small business starters, and success is strongly connected to thorough planning according to achievers in the field. This information can be used to encourage new business owners, guide writers of entrepreneurial advice, and inform those involved in the entrepreneurship instruction. Originality/value – The direct feedback and comments from successful entrepreneurs is valuable due to the direct nature and currency of this research, as well as the linkage to previous studies.

2019

The concept of startups or the whole idea is more of a new venture. It in general, creates more employment by incorporating innovative ideas as well as replicable models from the past. They‟re capable of achieving great growth with exclusive cash-flow but the bitter truth is that 90% of startups get failed. This study discusses the findings of a systematic review of literature on Failure of Startups from 2000-2017. A multi-method approach which includes the bibliometrics, content analysis and semantic analysis was applied. The findings indicate that there are several reasons for the failure of startups in India and outside. The definition of startups have been given and several theories have been put forward which relates the relationship between variables and startup failure. Keywords: Startup, Startup Failure, Entrepreneur, Review, Entrepreneurship Failure

Nowadays we hear a lot of startups even though with huge funds failing, There may be many internal and external reasons for it. As we know every failure has a different reason with it. But when these reasons are identified the failure can be avoided. There are many entrepreneurs who want to build the next great thing that can be really a solution for people who are in need of it, but this success is associated with proper planning and execution. So in this research, many of the reasons that can be avoided are listed down by obtaining the information from founders, entrepreneurs, Teams. Background: I felt the need for finding real and practical reasons for startups failing so that this research paper can be used by future entrepreneurs for reference. When I worked in sales and marketing dept in a startup that dint go well due to funding issues, I had a couple of doubts of my own regarding the startup problems. I felt that I need to get proper information about the issues entrepreneurs are facing nowadays. I believe that these entrepreneurs are the future of business economy the country. so if the problems are identified it can be used to repair the future issues that may occur, so i went on and contacted number of startups, only little of them agreed for me to give the information that i needed but only on confidential ability clause. so i agreed and got down to get the pieces of information. Method of conducting the experiment:-before beginning with the experiment, proper startups were identified from whom reliable data can be obtained. Person or team from the particular startup was identified for submitting the questionnaire. The questionnaire was either submitted Face to face or via Linkedln with 10 startups and 6 venture capitalist firms. After the results were obtained, particular people were contacted for further information, i have visited them personally for getting a conclusion on their answers After making research from the Data, conclusions were made. I believed that this research should contain practical useful information for the viewers, so i believed in following the practical way of obtaining the answers i needed. Results:-The experiments done gives the list of areas where future entrepreneurs must concentrate on while building their startup. entrepreneurs can also get the idea of areas to be avoided.

Economic Annals-ХХI, 2018

Start-ups are an appealing business form that gives space for self-realisation to enthusiastic, brave and creative people. The start-up progress is conditioned by the development of the business model. Other conditions for start-up viability include monetisation of business effort, effective leadership and teamwork, business strategy and external business support. A survey conducted on a sample of 76, 72 and 53 start-ups in three stages in 2015, 2016 and 2017 examined the development of those beginning and imperfect micro-enterprises in Slovakia. The research results are as follows. Start-ups are relatively closed, and their business model is inadequately connected to the environment. Start-ups know their customers well, but they do not know how to get them. They do not create partnerships in a sufficient range and quality. The monetisation of the examined start-ups is a little sophisticated, too traditional and without experimentation. Just less than a third of start-ups sell their basic product or service for free and generate money by selling premium services only. The most developed blocks are still customer value proposition and customer relationships; the least developed blocks are distribution channels and revenue streams. Startuppers rely on the simple assumption that a working business model will provide a lucrative earning directly. The founders of the studied start-ups are capable visionaries, but less competent managers. Start-up teams have demonstrated a high degree of internal cohesiveness and support in unpleasant and unpredictable situations, but they lack a greater formalisation of work in a routine operation. Business strategies of start-ups are ambitious and international, but little verified in a competitive battle. The competitive advantage of start-ups is based on differentiation rather than on low cost. Start-ups do not trust the state support for business; they cooperate with large companies just a little, but prefer to work with the start-up scene and private investors. Start-ups must mature entrepreneurially, enthusiasts must become entrepreneurs and managers, and they have to learn how to monetise their business effort. Start-ups will be most aided by the cultural and civilisation development of a society that recognises entrepreneurship as a natural, useful and honourable resource for the development of the national economy.