{"id":5623,"date":"2018-06-08T08:10:09","date_gmt":"2018-06-08T06:10:09","guid":{"rendered":"https:\/\/www-stg.stelorder.com\/entrepreneurial-success\/"},"modified":"2023-10-24T16:35:52","modified_gmt":"2023-10-24T14:35:52","slug":"entrepreneurial-success","status":"publish","type":"post","link":"https:\/\/www-stg.stelorder.com\/en\/blog\/entrepreneurial-success\/","title":{"rendered":"10 factors which influence entrepreneurial success"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www-stg.stelorder.com\/en\/blog\/entrepreneurial-success\/#entrepreneurial-success\" >Entrepreneurial success<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www-stg.stelorder.com\/en\/blog\/entrepreneurial-success\/#what-factors-influence-entrepreneurial-success\" >What factors influence entrepreneurial success?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"entrepreneurial-success\"><\/span><span style=\"font-family: helvetica, arial, sans-serif; font-size: 16px;\">Entrepreneurial success<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: helvetica, arial, sans-serif;\">Entrepreneurship has existed throughout the history. But in the recent years, probably due to the economic, social and cultural situation, the significance of entrepreneurship has been increasing. It\u2019s getting more and more common to start an own business to gain economic independence.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: helvetica, arial, sans-serif;\">The way we think of a business, market or consumers is changing, the vision of success has been evolving as well. For some, this change will continue to be purely an economic factor. For others, however, it will go to another level. This will be a higher level in which a success is not equal to financial compensation but rather self-fulfillment and satisfaction.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"what-factors-influence-entrepreneurial-success\"><\/span><span style=\"font-family: helvetica, arial, sans-serif; font-size: 16px;\">What factors influence entrepreneurial success?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: helvetica, arial, sans-serif;\">MIT Technology Review has conducted studies on entrepreneurial success in Spain, interviewing their participants. In the studies, a list of key factors has been determined<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span style=\"font-family: helvetica, arial, sans-serif; font-size: 16px;\">10 key factors influencing entrepreneurial success:<\/span><\/h3>\n<ol style=\"text-align: justify;\">\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Determination<\/strong>: the ability to keep working on our projects, even when working environment and the circumstances are not suitable.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Passion<\/strong>: it is necessary to feel a true passion for your projects, ideas, dreams and goals we want to achieve.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Analysis<\/strong>: ability to make decisions and to establish realistic goals.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Vision<\/strong>: ability to identify and apply an adequate strategy which will lead to the best possible outcome.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Flexibility<\/strong>: know how to react and adapt to the changes that occur in the market, consumer and environment.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Creativity<\/strong>: talent, inspiration and creativity to be able to come up with new ideas.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Sociability<\/strong>: ability to be sociable and communicative while meeting new people to be able to create networks. Networking is essential when getting to know other entrepreneurs and making new contacts and connections.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Communication<\/strong>: knowing how to express ourselves properly at any time, no matter when the situation is good or bad.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Education<\/strong>: it is not essential but often very helpful to have some training and theoretical knowledge.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif;\"><strong>Work<\/strong> <strong>team<\/strong>: although it does not always depend on the entrepreneur, it is essential to have an adequate work team that understands and shares our vision and helps to execute the idea and projects.<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><span style=\"font-family: helvetica, arial, sans-serif;\">Apart from aforementioned 10 internal factors, there exist other external factors which affect entrepreneurs as well, such as economic, cultural and social situation.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: helvetica, arial, sans-serif;\">Source: MIT Technology Review in Spanish, \u201cBar\u00f3metro de emprendimiento de \u00e9xito en Espa\u00f1a\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Entrepreneurial success Entrepreneurship has existed throughout the history. But in the recent years, probably due to the economic, social and cultural situation, the significance of &#8230; <a title=\"10 factors which influence entrepreneurial success\" class=\"read-more\" href=\"https:\/\/www-stg.stelorder.com\/en\/blog\/entrepreneurial-success\/\" aria-label=\"Read more about 10 factors which influence entrepreneurial success\">Leer<\/a><\/p>\n","protected":false},"author":20,"featured_media":5624,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-5623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smes","no-featured-image-padding"],"acf":[],"_links":{"self":[{"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/posts\/5623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/comments?post=5623"}],"version-history":[{"count":0,"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/posts\/5623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/media\/5624"}],"wp:attachment":[{"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/media?parent=5623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/categories?post=5623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www-stg.stelorder.com\/en\/wp-json\/wp\/v2\/tags?post=5623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}