Bringing insights into why do some individuals succeed at starting up new ventures whereas others do not.
This line of research seeks to increase our understanding of what takes place during the time when individuals, either alone or in team, attempt to create new ventures. We are following a process view on venture creation and carry out research in which those engaging with and developing entrepreneurial opportunities, are followed over time as they act to create opportunities and new ventures. The particular research questions, which we seek to answer here, focus on opportunity creation and confidence, relationship between emotions and the start-up process and effectuation strategies and entrepreneurial decision-making during the nascent stage.
The research will bring insights into why do some individuals succeed at starting up new ventures whereas others do not. The results will be valuable to national policy making bodies, which seek to foster new venture creation. The project provides an opportunity not only to learn from successful start-up processes, but also from failures, where the process does not materialise in a viable business. From a policy perspective, it is very valuable to obtain information on these unsuccessful cases. If policy-makers can learn why individuals and teams discontinue their start-up efforts, they may by establishing adequate support-mechanisms to help them to overcome potential obstacles.