Full Citation
Title: The Entrepreneurial Process: Evidence from a Nationally Representative Survey
Citation Type: Miscellaneous
Publication Year: 2017
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Abstract: Despite significant research on “who” entrepreneurs are and from “where” they emerge, scholars have far fewer systematic insights into “what” entrepreneurs actually do. Using data from a new nationally representative survey of Americans, we document the process of entrepreneurship. We develop several new insights into the steps individuals considering entrepreneurship undertake. Fewer than half of those who considered starting a business take even the lowest-cost steps, such as searching the internet for potential competitors or speaking with a friend. Their rationales for quitting the entrepreneurial process include both the arrival of new information about their idea and the inability to complete the next step. Our results provide support for both economic and psychological perspectives on the entrepreneurial process.
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Authors: Bennett, Victor, M; Chatterji, Aaron, K
Publisher: Duke University
Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure, Other
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