What is the highest salary of an entrepreneur?
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| Firstly, the factor that has the single greatest influence on the additional number of workers employed by a company is whether or not the entrepreneur has been an entrepreneur before. | |
23 Citations | As the most outstanding result, this article shows that the level of education of an entrepreneur is the factor on which the majority of business activity will depend. |
| We find that the desire to become an entrepreneur is basically determined by individual and household characteristics, including income and asset indicators, and not as much by the current job situation of the individual. | |
| It is also noticeable that, the formal education can increase the managerial ability of an individual and that can lead a person to become an entrepreneur. | |
49 Citations | The results provide empirical insights about firm and individual characteristics that explain the likelihood of being an innovative and ambitious entrepreneur. |
| Finally, we find a strong association between the perceived status of the entrepreneur and the estimated likelihood and willingness to become an entrepreneur. | |
213 Citations | On the other hand, the profitability tends to be low when the entrepreneur has only start-up, managerial and high-growth experience without an educational background. |
| We also find that an employee with entrepreneurial aspirations is more likely to become an entrepreneur subsequently, than an employee without such aspirations. | |
| The findings show that entrepreneurs with managerial experience, an effective entrepreneur in the family, unique knowledge, and whose employees have unique knowledge obtain higher mean scores in the general indicator of entrepreneurial success. | |
21 Citations | Using two regression equations, one can predict the future success of an entrepreneur. |
665 Citations | We suggest that the closer the match between entrepreneurs' personal characteristics and the requirements of being an entrepreneur (e. g., creating new companies by transforming discoveries into marketable items), the more successful they will be. |
| We propose a single value index of entrepreneur performance that ranges from one to zero, that is predicated on multiple inputs, and that mitigates the impact of outliers. | |
| We find that doubling the population density of the province of work reduces the chances of being an entrepreneur by 2-3 percentage points. |
Related Questions
What is the importance of income for entrepreneurs and entrepreneurship?5 answersEntrepreneurs tend to earn and save more, leading to a concentration of wealth in their hands. This concentration of wealth is not solely due to their higher incomes, but also because of their higher saving rates. Additionally, entrepreneurs experience greater upward mobility and have a higher probability of moving to higher wealth classes, which is not solely a consequence of their higher incomes. Entrepreneurship is important for economic growth and development in developing countries, and government support plays a crucial role in promoting entrepreneurship. Entrepreneurs create jobs, drive innovation, and contribute to productivity, making them catalysts for economic growth and national competitiveness. They also bring about employment creation, productivity growth, and produce high-quality innovations. Overall, entrepreneurs have a significant economic value and contribute to various aspects of the economy, including income, wealth, mobility, and growth.
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