This survey of entrepreneurs' observations regarding their own success or failure in starting small businesses offers insights into conditions that can more efficiently foster entrepreneurship and the gig/sharing economy.
Major Findings & Recommendations
- "Experience, management, and luck" are "the keys to success" for entrepreneurship (p.4). - "Professional networks, education, funding, [and] personal networks" are "important" to successful entrepreneurship (p.5). - "Location, investor advice, alumni networks, and regional assistance" are "not so important" to successful entrepreneurship (p.5). - "Using personal savings is the norm" for entrepreneurship, while more experienced entrepreneur receive "venture capital", and "friends and family" are also a source of funding (p.6). (Abstractor: Author, Website Staff)