Setting Up a Business in the Netherlands

📖 The Scoop

Because of poor economic growth and high unemploymentin many European countries, including the Netherlands, entrepreneurialendeavors have begun to increase.The behavior of nascent entrepreneursduring the pre-startup and startup phases of a new firm is important for firmsuccess.However, little is known about what types of behaviors orcharacteristics predict pre-startup success or failure. Pre-startup performanceis examined, including the entrepreneur's personal characteristics, the firmenvironment, utilized strategies, and capital resources. To understand the characteristics of Dutch nascent entrepreneurs in thepre-startup phase, random phone surveys were initiallyconducted.Participants were separated into three groups:nascententrepreneurs (pre-startup), entrepreneurs (startup), and controls (no currentbusiness plans).Follow-up surveys were completed to track the progressand success of the participants. Among nascent entrepreneurs, the results indicated that success wasdetermined by the following factors: in a manufacturing business,thinking of oneself as an entrepreneur, industry experience, and utilizingpersonal capital. The results also indicate that women need more startup time;third party loans and higher startup capital are correlated to failure; andprevious industry experience yields a higher rate of success. (AKP).

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