Ten Factors for Entrepreneurial Success
Appendix: U.S. PSED data sets
An empirically based analysis of the business creation process requires at least two elements: it must be based on representative samples of all potential start-ups, both those that succeed and those that ultimately quit, and it must observe the startup process over time to determine how and why some achieve profitability and others do not. The PSED protocol involved, after extensive field testing, several procedures. First, those active in the pre-profit stage of business creation are located with a screening module completed by representative samples of adults. Not only does this provide confidence that the sample represents business creation in the population, it also facilitates extrapolation from the sample to the total population. This allows for estimates of the total number of individuals or resources involved. Those active in business creation complete a detailed interview shortly after being identified in the screening.
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