New firm creation in the united States
Subtitle: A PSED I Overview
Publisher: Now Publishers; NetLibrary, Incorporated [Distributor]
Published: 2007
Place of publication: Hanover; Boulder
Language: eng
Format: [electronic resource]:
ISBN-13: 9781601980014
Subjects: Entrepreneurship; New business enterprises; Longitudinal studies
Description: The first US Panel Study of Entrepreneurial Dynamics [PSED I] is the most comprehensive assessment of the firm creation process yet completed. Based on a representative sample of those actively involved in business creation, analysis begins with the consideration of 75 factors that may affect the decision of adults to get involved in the creation of a new business, followed by a detailed exploration of over 130 factors that may be associated with completing the start-up process with a new firm. The results indicate, first, that over ten million persons are involved in the firm start-up phase as nascent entrepreneurs. Second, the major factors associated with entry into the start-up process have little impact on completion of the process with an operating business. Third, activities pursued in the start-up process - not the characteristics of the entrepreneur, the start-up, or the location - have a major impacts on the transition from start-up to a successful new firm. There is little impact associated with being male; being White, Black or Hispanic; having more education; being wealthy; having experience with other start-ups; having an "entrepreneurial personality"; or being in a supportive environment. This project demonstrates the value of tracking a representative sample of nascent entrepreneurs with a longitudinal study. Implications for future research, entrepreneurs, and public policy are substantial.
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Table of contents: title: Abstract; title: Introduction; title: How do new businesses come about?; title: An author's personal view; title: New firm creation: importance and need for more details; title: What does the start-up process look like?; title: Conceptualization of the process; title: Socio-cultural characteristics; title: Stable personal traits and orientations; title: Immediate personal, social context; title: Work related experiences; title: Procedures, strategies, and resources associated with firm implementation; title: Ambient social, cultural community context; title: Industry and competitive context; title: Regional characteristics and change; title: Overview; title: Becoming a nascent entrepreneur: conception to the start-up process; title: How many people are trying to start new firms?; title: What kind of people are trying to start new firms?; title: Life context and start-ups; title: Comparison group data; title: Overview; title: Creating a new business: results from the start-up; title: What kinds of people create and types of start-ups become new firms?; title: Start-up activity; title: Interactions: who they are and what they are doing?; title: Overview; title: Overview and implications; title: Implications: research; title: Implications: entry into the start-up process; title: Implications: new firm creation; title: Implications: public policy references; title: PSED I scholarly works; title: Publications and papers based the Panel Study of Entrepreneurial Dynamics Research Protocol, including the PSED I (U.S.) data set; title: Acknowledgements; title: Methodological appendices; title: Updates.