What determines entrepreneurial success?

1. Determinants of Entrepreneurship
Arlen Meyers, MD, MBA
Society of Physician Entrepreneurs

2. Determinants
Intrinsic (psychological)
Extrinsic (environmental)
Social
Economic

3. Intrinsic (psychological)
Mindset
Need to satisfy healthy or unhealthy
psychic or emotional needs

4. Extrinsic (environmental)
education and training
 early work experience
immigrant status or background
 family history of entrepreneurship

5. Social
 supportive entrepreneurial ecosystem
 equitable access to resources
 a culture of risk taking
reward systems
opportunity for women

6. Economic
tangible and intangible benefits
compared to tangible and intangible
real and opportunity costs of
entrepreneurship
 personal financial situation and debt