A Factor Analysis of the Entrepreneurial Success, Motivation andProblems Faced: The Case of Chinese Entrepreneurs

Abstract

We examined the following factors in this study of Chinese entrepreneurs’ success: entrepreneurial motivation, success factors, start-up challenges, business growth, the role of family and social network in reducing stress, and professional satisfaction. In this study, we examined Chinese entrepreneurs for their motivations to start a business, factors that support their success, problems that occur during start-up and growth of the business, the role of family and social network in creating a less stressful working environment, and the overall level of satisfaction with their profession. Results indicate that economic worries were the most important reason for starting one’s own business than career and personal motives. Chinese small and medium-sized enterprise(SME) owners cited honesty and customer relations as the other most important factors in their success. Additionally, Chinese entrepreneurs rated employee-related problems as the most critical problem among all problems we asked in the survey. Results also showed that the gender of the entrepreneurs we sampled was not a significant differentiating factor in identifying entrepreneurial motivations.

The Impact of External Environmental Factors, Entrepreneurial Motivation, Social Support, and Business Knowledge on the Success of Start-ups

“…The significant positive relationship found between external environmental factors and start-up success reaffirms the pivotal role of a conducive external environment in fostering entrepreneurial growth and innovation. Supportive regulatory frameworks, stable market conditions, and technological advancements are crucial in facilitating start-up success by providing opportunities for growth and mitigating risks (Gok et al, 2021;Hinz et al, 2023;Kee & Khin, 2019).…”

Indian women entrepreneurs: implications for personality characteristics

“…An increase in income, infrastructural facilities and better use of training and skills motivates women to start their enterprises (Cinar et al, 2018;Gok et al, 2021) whereas growth, creativity and autonomy drive motivation in Rajasthan (Shastri and Shastri, 2019) and contrast to the above (Leede, 2018) has added that philosophical or spiritual inspirations, discrimination, injustice, frustration and antagonism motivate women and providing support to family and spouse (Khan, 2016); positive attitude, self-confidence, to succeed and acquiring money and power (Agarwal et al, 2020).…”

Owners’/Managers’ Critical Success Factors in Industrial MSMEs: An Applied Study in 10th of Ramadan City Egypt.

“…Even basic education establishes the foundation to acquire more knowledge and problemsolving skills (Hisrich et al, 2017). Lussier and Pfeifer (2001) In fact, the personality of the owners/managers of SMEs was perceived as an important factor of success by many studies (Abera, 2021;Benzing & Chu, 2012;Douglas et al, 2017;Gok et al, 2021;Krasniqi & Tullumi, 2013;Kalita, 2018), and, accordingly, it could be perceived critical for the success of Industrial MSMEs' in 10th of Ramdan City. Consequently, the following hypothesis is assumed: H-4 : The perceived importance of owner's/manager's personality is associated with the success of industrial MSMEs in 10 th of Ramdan City Egypt.…”

“…SPSS (Version 16.0) is used to analyze the data and test this current research hypotheses. Descriptive statistics are employed to describe the structure and demographics of respondents and to assess the importance rank of each factor using the perceived mean value (Balasa & Alemu, 2022;Benzing & Chu, 2012;Gok et al, 2021;Lampadarios, 2015;Sefiani, 2013). Following the approach of Sefiani (2013), respondents were grouped into two groups: successful and less-successful, where respondents who have rated their perceived business success with a mean value of 4 or above were considered as successful, while respondents who have rated their perceived business success with a mean value below 4 was considered as less-successful.…”