SlideShare a Scribd company logo
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
              Continuous
             Improvement

   Age



  Work
Experience
Gender



   Age

             Professional
               Growth
  Work
Experience
Proactive
 Personality

                 Continuous
  Positive      Improvement
   Affect


  Core Self
 Evaluation


  Learning
 Orientation


Psychological
   Capital
Proactive
 Personality


  Positive
   Affect


  Core Self
 Evaluation


  Learning
                Professional
 Orientation
                  Growth

Psychological
   Capital
Social
 Support       Continuous
              Improvement




 Resource
Constraints
Social
 Support




              Professional
                Growth
 Resource
Constraints
Individual
                               Continuous
Characteristics
                              Improvement

                  Challenge
                   Mindset

Environmental                 Professional
  Influences                    Growth
 Let’shear 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?

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Nurturing Resilient Entrepreneurs

  • 1. Ingrid Chadwick & Jana Raver Queen’s School of Business
  • 2. Research question: ◦ What individual and environmental factors drive entrepreneurial success during the business start- up phase?  Research setting: ◦ Ontario Self-Employment Benefits Program (OSEB)
  • 3. 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
  • 4. 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
  • 5. 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
  • 6. Factors: ◦ Individual characteristics ◦ Environmental influences  Measures of success: ◦ Continuous improvement behaviours ◦ Professional growth
  • 7. Gender Continuous Improvement Age Work Experience
  • 8. Gender Age Professional Growth Work Experience
  • 9. Proactive Personality Continuous Positive Improvement Affect Core Self Evaluation Learning Orientation Psychological Capital
  • 10. Proactive Personality Positive Affect Core Self Evaluation Learning Professional Orientation Growth Psychological Capital
  • 11. Social Support Continuous Improvement Resource Constraints
  • 12. Social Support Professional Growth Resource Constraints
  • 13. Individual Continuous Characteristics Improvement Challenge Mindset Environmental Professional Influences Growth
  • 14.  Let’shear it from the entrepreneurs…
  • 15. 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.”
  • 16. 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 ”
  • 17. 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
  • 18. THANK YOU!  ANY QUESTIONS OR COMMENTS?