What to avoid to succeed as an entrepreneur

Entrepreneurship is a driver of economic growth and development. This study highlights the importance of entrepreneurship in emerging countries and examines entrepreneurs' characteristics in these countries. In particular, the study explains what entrepreneurs should avoid to succeed in Latin America. An empirical study analyzes factors that relate to businesses and entrepreneurs in El Salvador, one of the Latin American countries with the lowest rates of business success. In the study, business factors consist of the use of formal and informal advisory services and the degree of innovation. Variables that relate to the entrepreneur are educational attainment and the demographic variables sex and age. Results from analysis of 2012 GEM data using csQCA methodology show that degree of innovation, professional advisory services, and educational attainment play key roles in business success.

[1]  Rosalie L. Tung,et al.  Network capitalism: the role of human resources in penetrating the China market , 2001 .

[2]  Garry D. Bruton,et al.  An institutional view of China's venture capital industry Explaining the differences between China and the West , 2003 .

[3]  FROM THE FRYING PAN INTO THE FIRE: EXPLORING ENTREPRENEURSHIP AS A SOLUTION TO THE GLASS CEILING , 1991 .

[4]  P. Hertog,et al.  Capabilities for managing service innovation: towards a conceptual framework , 2010 .

[5]  Astrid Heidemann Lassen,et al.  Images of entrepreneurship: towards a new categorization of entrepreneurship , 2012 .

[6]  R. Holcombe.  Entrepreneurship and economic growth , 1998 .

[7]  F. Molina-Morales,et al.  Combining effects of internal resources, entrepreneur characteristics and KIS on new firms , 2013 .

[8]  José Ernesto Amorós,et al.  Quantifying the relationship between entrepreneurship and competitiveness development stages in Latin America , 2011 .

[9]  A. Nair,et al.  Navigating China's Feudal Governance Structures: Some Guidelines for Foreign Enterprises , 2003 .

[10]  H. Ibarra.  Personal Networks of Women and Minorities in Management: A Conceptual Framework , 1993 .

[11]  Laura Galloway,et al.  Global Entrepreneurship Monitor , 2002 .

[12]  Charles C. Ragin,et al.  How to Lure Analytic Social Science Out of the Doldrums , 2006 .

[13]  José Ernesto Amorós,et al.  Longitudinal analysis of entrepreneurship and competitiveness dynamics in Latin America , 2008 .

[14]  D. Ribeiro-Soriano,et al.  Developmental management: Theories, methods, and applications in entrepreneurship, innovation, and sensemaking , 2014 .

[15]  Anthony Wensley,et al.  How much does KIBS contribute to the generation and diffusion of innovation? , 2011 .

[16]  José Ernesto Amorós,et al.  Entrepreneurship and competitiveness dynamics in Latin America , 2008 .

[17]  Gary Goertz,et al.  The Methodology of Necessary Conditions , 2000 .

[18]  Roy Thurik,et al.  Erim Report Series Research in Management What's New about the New Economy? Sources of Growth in the Managed and Entrepreneurial Economies Bibliographic Data and Classifications , 2022 .

[19]  D. Bowen,et al.  The Female Entrepreneur: A Career Development Perspective , 1986 .

[20]  Simone Strambach,et al.  The contribution of KIBS to innovation in cities: an evolutionary and institutional perspective , 2006, J. Knowl. Manag..

[21]  S. Coleman.  Access to Capital and Terms of Credit: A Comparison of Men- and Women- Owned Small Businesses , 2000 .

[22]  Janet S. Adams,et al.  Role Model Performance Effects on Development of Entrepreneurial Career Preference , 1989 .

[23]  Hugo Kantis,et al.  Entrepreneurship in Emerging Economies: The Creation and Development of New Firms in Latin America and East Asia , 2002 .

[24]  Charles C. Ragin,et al.  Fuzzy-Set Social Science , 2001 .

[25]  M. C. Arruda.  Ethics and corporate social responsibility in Latin American small and medium sized enterprises: Challenging development , 2014 .

[26]  William D. Bygrave,et al.  A Dynamic Model of Entrepreneurial Learning , 2001 .

[27]  S. Terjesen,et al.  Female Entrepreneurship in Latin America and the Caribbean: Characteristics, Drivers and Relationship to Economic Development , 2010 .

[28]  S. Birley,et al.  Networking by female business owners in Northern Ireland , 1992 .

[29]  Tamar Almor,et al.  Relationships among Strategic Capabilities and the Performance of Women‐Owned Small Ventures , 2002 .

[30]  Mike W. Peng,et al.  Business strategies in transition economies , 2001 .

[31]  D. Collier.  The Comparative Method , 1993 .

[32]  D. Seiler,et al.  Women's Entrepreneurship in Latin America: An Exploration of Current Knowledge , 2001 .

[33]  Rosalie L. Tung.  Building Effective Networks , 2002 .

[34]  Alicia Mas-Tur,et al.  Women entrepreneurship in small service firms: motivations, barriers and performance , 2012 .

[35]  Rolf Sternberg,et al.  Determinants and Effects of New Business Creation Using Global Entrepreneurship Monitor Data , 2005 .

[36]  Val Singh,et al.  Women Directors on Top UK Boards , 2001 .

[37]  Leora F. Klapper,et al.  Entry Regulation as a Barrier to Entrepreneurship , 2004 .

[38]  A. Zenker,et al.  Business services as actors of knowledge transformation: the role of KIBS in regional and national innovation systems , 2001 .

[39]  Roy Thurik,et al.  Linking Entrepreneurship and Economic Growth , 1999 .

[40]  Kelly G. Shaver,et al.  A longitudinal study of cognitive factors influencing start-up behaviors and success at venture creation , 1995 .

[41]  Arch G Woodside,et al.  Configural analysis of the drinking man: fuzzy-set qualitative comparative analyses. , 2012, Addictive behaviors.

[42]  Ian Miles,et al.  Knowledge intensive business services: prospects and policies , 2005 .

[43]  Charles C. Ragin,et al.  Redesigning social inquiry , 2008 .

[44]  Peer C. Fiss.  Building Better Causal Theories: A Fuzzy Set Approach to Typologies in Organization Research , 2011 .

[45]  S. Shane,et al.  The Promise of Entrepreneurship as a Field of Research , 2000 .

[46]  Timothy Bates,et al.  Restricted access to markets characterizes women-owned businesses , 2002 .

[47]  Francisco Mas-Verdú,et al.  Which firms want PhDs? An analysis of the determinants of the demand , 2012 .

[48]  Yuanqiong He,et al.  Performance implications of nonmarket strategy in China , 2007 .

[49]  P. Braunerhjelm.  Entrepreneurship, Innovation and Economic growth : Interdependencies, irregularities and regularities , 2011 .

[50]  Domingo Ribeiro Soriano,et al.  Entrepreneurship: concepts, theory and perspective , 2007 .

[51]  Niels Bosma,et al.  Global Entrepreneurship Monitor : 2009 Global Report , 2010 .

[52]  O. Oecd,et al.  The OECD principles of corporate governance , 2009 .

[53]  Sang M. Lee,et al.  Influences on students attitudes toward entrepreneurship: A multi-country study , 2006 .

[54]  Arend Lijphart,et al.  Comparative Politics and the Comparative Method , 1971, American Political Science Review.

[55]  Amy L. Ostrom,et al.  Client Co-Production in Knowledge-Intensive Business Services , 2002 .

[56]  Leora F. Klapper,et al.  What does “entrepreneurship” data really show? , 2008 .

[57]  Alison Halstead,et al.  Knowledge and learning in female team‐managed firms adopting information communication technologies (ICTs) , 2003 .

[58]  Arch G. Woodside,et al.  Proposing a new logic for data analysis in marketing and consumer behavior: case study research of large-N survey data for estimating algorithms that accurately profile X (extremely high-use) consumers , 2012 .