Nurturing Resilient Entrepreneurs
-
Upload
moniesonhealth -
Category
Education
-
view
86 -
download
4
description
Transcript of Nurturing Resilient Entrepreneurs
Ingrid Chadwick & Jana Raver
Queen’s School of Business
Research question: ◦ What individual and environmental factors drive
entrepreneurial success during the business start-up phase?
Research setting: ◦ Ontario Self-Employment Benefits Program (OSEB)
Government-supported self-employment program ◦ Intensive business skills development training
◦ Business advisor counseling services
◦ Income support for up to 42 weeks
Eligible participants ◦ Unemployed
◦ Well-defined business idea
Partnership with 10 different OSEB providers ◦ 7 CFDCs
◦ 3 private/public/charitable organizations
200 OSEB participants were invited to respond to 3 surveys ◦ Survey 1: Beginning of program
◦ Survey 2: End of business development training
◦ Survey 3: Approximately 6 months later
• Gender: 47% female, 53% male
• Average age: 43 years (span 21-60 years old)
• Average work experience: 18 years
• Average education: 66% with at least a college degree or higher
Factors: ◦ Individual characteristics
◦ Environmental influences
Measures of success: ◦ Continuous improvement behaviours
◦ Professional growth
Gender
Age
Work Experience
Continuous Improvement
Gender
Age
Work Experience
Professional Growth
Positive Affect
Core Self Evaluation
Learning Orientation
Psychological Capital
Proactive Personality
Continuous Improvement
Positive Affect
Core Self Evaluation
Learning Orientation
Psychological Capital
Proactive Personality
Professional Growth
Social Support
Resource Constraints
Continuous Improvement
Social Support
Resource Constraints
Professional Growth
Continuous Improvement
Challenge Mindset
Individual Characteristics
Environmental Influences
Professional Growth
Let’s hear it from the entrepreneurs…
Time ◦ “There are not enough hours in the day for what I want to
do”
Money ◦ “The bank doesn’t give brand new businesses money. They
want to see sales. But I need money to make my product...”
Networking ◦ ”I need to get my business open and my name out there.”
◦ “I am unknown.”
Networks “Support from a coach and other entrepreneurs has been
pivotal to building self confidence to move forward with business initiatives.”
Personal drive and motivation “Success equals working hard, seven days a week.”
Support from friends and family “My children tell me almost every day that they are proud
of me and think I’m the coolest ”
Advice for new entrepreneurs? for OSEB? Accounting and finances
Networking
Resilience and motivation
Major life changes facing participants Relationship changes
Pregnancies, young babies
Health issues
THANK YOU!
ANY QUESTIONS OR COMMENTS?