Entrepreneurial Success: An Exploratory Study among Entrepreneurs

Zafir Mohd Makhbul, Fazilah Mohamad Hasun

Abstract


The main objective of the study is to investigate the relationship between entrepreneurial factors and
entrepreneurial success. Using a simple random sampling technique, 163 entrepreneurs with at least three years
of business operations were selected as our respondents. Data were gathered through a self-monitored
questionnaire survey. Multiple regression analysis was used to test the relationship between the entrepreneurial
factors and entrepreneurial success. Based on the means 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
entrepreneur’s success. These factors include the ability of entrepreneurs to access information, their leadership
styles, and their support from others. Nevertheless, entrepreneurs’ ability to seize relevant information is found
to be the most significant factor contributing to their success.


Full Text: PDF DOI: 10.5539/ijbm.v6n1p116

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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