AN EXPLORATORY STUDY ON ENTREPRENEURS IN THENI CITY

The main objective of the study is to investigate the relationship between entrepreneurial factors and entrepreneurial success. Using a simple random sampling technique, 100 entrepreneurs with one year of business operations were selected as our respondents. Data were gathered through a self-monitor...

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Bibliographic Details
Published in:International journal on global business management & research 2022-03, Vol.11 (1), p.1-9
Main Authors: Selvam, S Iruthaya Kalai, Banu, A Asha
Format: Article
Language:English
Subjects:
Descriptive research
Developing countries
Economic conditions
Economic growth
Entrepreneurs
Entrepreneurship
Information sources
LDCs
Population
Self employment
Social research
Society
Success
Unemployment
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Summary:The main objective of the study is to investigate the relationship between entrepreneurial factors and entrepreneurial success. Using a simple random sampling technique, 100 entrepreneurs with one year of business operations were selected as our respondents. Data were gathered through a self-monitored questionnaire survey. Weighted Average Method is used to rank the sources of information. Five-point rating scale is used and each scale has been given a score according to the importance starting from 5 to 1. Based on the Simple percentage analyses, religious duty/honesty factor is perceived as the most significant factor affecting entrepreneurial success, followed by communication skills and strong will of the entrepreneurs. This study confirmed that several entrepreneurial factors are significantly related to the entrepreneurs success. These factors include the ability of entrepreneurs to access information, their leadership styles, and their support from others. Nevertheless, entrepreneurs ability to size relevant information is found to be the most significant factor contributing to their success.
ISSN:2278-8425