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

Authors: Obed Kent; Khundrakpam Devananda Singh

Addresses: Department of Management, North-Eastern Hill University, Tura Campus, Tura, Meghalaya-794002, India ' Department of Management, Nagaland University, Kohima Campus, Meriema, Nagaland-797004, India

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.

DOI: 10.1504/IJICBM.2024.142588

International Journal of Indian Culture and Business Management, 2024 Vol.33 No.3, pp.425 - 442

Received: 24 Apr 2023
Accepted: 09 May 2023
Published online: 11 Nov 2024 *

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