Identification of Factors that prevent Potential Entrepreneurs from Founding
Abstract
The goal of this research paper is to identify
personal and environmental factors that prevent individuals
from founding a company despite perceiving a business
opportunity. Our findings suggest that a weak economic growth
and low start-up activity in a country increases the individuals’
fear of failure whereas we don’t find any correlation between the
availability of start-up capital and the fear of failure rate.
Keywords
fear of failure rate, opportunity, start-up activity, economic development, reputation, entrepreneurship education
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