Entrepreneur Human Capital Inputs and Small Business Longitivity. Administrative Science Quarterly 50: 329–366īates T. Creating Something from Nothing: Resource Constructions through Entrepreneurial Bricolage. The Entrepreneurship of Resource-Based Theory. Sage Publications, Thousand Oaks, CAĪlvarez S. (eds) Handbook of Entrepreneurial Dynamics, pp 324–335. In addition, the likelihood of venture persistence increased when nascent entrepreneurs engaged in planning early in the sequence of start-up activities in perceived uncertain financial and competitive environments, while venture persistence increased when nascent entrepreneurs engaged in planning late in a sequence of activities in perceived certain financial and competitive environments.Īldrich H. Panel Study of Entrepreneurial Dynamics (PSED), our analyses found a strong main effect for business planning: Nascent entrepreneurs who completed a business plan were 2.6 times more likely to persist in the process of business emergence than those who did not complete a plan. This paper explores the effects of when pre-venture planning occurs (early or late) in the sequence of activities accomplished during the process of new business emergence, and the moderating effects of environmental context (the degree of perceived financial, competitive and operational uncertainty), on the persistence of emerging business startup efforts.
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