Entrepreneurs' motivational factors: Empirical evidence from Serbia

Abstract

Entrepreneurs are playing a major role in the economy of each country on the planet. They contribute to national economies by starting up and running small and medium sized enterprises (SMEs), which make more than 95% of the total number of enterprises and which are providing jobs to more than 60% of all employees within each country. The significance of entrepreneurship for economic development oblige goverments and all other relevant institutions within each country to continue to facilitate its growth by all means necessary. In order to do this, these institutions need to be familiar with motives of entrepreneurs to start their own business. In this paper, results of empirical research concerning motivational factors of entrepreneurs in Serbia are presented. This research presents a continuation of serie of research on this topic which were conducted in several countries, by using the same methodological approach.

Women Entrepreneurs In Malaysia: What Drives Them Venturing Into Business

“…However, similar findings were found where entrepreneurs in Sudan demonstrate the most crucial factor is to provide jobs to family members and not to increase income [35]. The least crucial factor in motivating entrepreneurs to venture in business discovered in this study were in line with previous studies which is "to have fun" [29,30,35].…”

“…Women entrepreneurs in Malaysia indicate their main motivation to venture into business is "To build a business to pass on" as it demonstrates the highest mean score of 4.40 compared to other factors. This finding however, opposed with few earlier studies [29,30,32] where all the studies revealed the most crucial factor entrepreneurs venture into business was because "to increase income". However, similar findings were found where entrepreneurs in Sudan demonstrate the most crucial factor is to provide jobs to family members and not to increase income [35].…”

“…Higher mean scores demonstrate the items are the most important while the lowest mean indicate the items is the least important. This study adopts the previous survey questionnaire, a popular research instruments commonly used in many earlier studies and tested in many countries [28][29][30][31][32]. A total of 150 questionnaires were distributed using convenience sampling as it is the easiest method to reach and access the sample.…”

Application of stimulus & response model to impulse buying behavior of Algerian consumers

“…The value of Cronbach's Alpha was 0.705, which confirmed the reliability of the instrument and then further responses up to 687 were collected (Stefanovic et al, 2011).…”

Taking/receiving and giving (TRG): A comparison of two quantitative pilot studies on students’ entrepreneurial motivation in Indonesia

“…The authors are interested in applying this TRG as there are found indicators on entrepreneurial motivation indicating taking/receiving motivation variable, such as "to increase my income", "to prove I can do it", and "to be my own boss" (Benzing, Chu, & Kara, 2009;Keat & Ahmad, 2012;Robichaud, Cachon, & Haq, 2010;Stefanović, Ranković, & Prokić, 2011). This variable shows individuals' egoistic and self-interest aspects.…”