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Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors

Indian Agricultural Research Journals

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Title Determinants of entrepreneurial success: A comparative analysis of farm and non-farm sectors
 
Creator F, KOBBA
NAIN, M S
SINGH, RASHMI
MISHRA, J R
A, SHITU G
 
Subject Employment, Entrepreneurship, Participant observation, Training, Youths
 
Description Entrepreneurship development has become the centre of many emerging economies as it is believed that entrepreneurship contributes significantly to economic growth. Quite a good number of researches have been done on factors that determine entrepreneurial success. However, the farm sector has been neglected for far too long. Present study, looked at a comparative analysis of farm and non-farm sectors in Krishi Vigyan Kendra (KVK) and Rural Development and Self Employment Training Institute (RUDSETI) to determine the factors that predict entrepreneurial success. A semi-structured interview schedule was used in 2019 to solicit information on sociodemographic and entrepreneurial characteristics from respondents. Entrepreneurs were categorized into successful and non-successful based on turnover, income and number of employees. Discriminant function analysis was used to predict the determinants of success in both farm and non-farm sectors. Results revealed that in the farm sector, four determinants of entrepreneurial success were family size, land size, turnover and annual income whereas in the non-farm sectors five determinants of entrepreneurial success were long term involvement, initiative, number of employees, entrepreneurial experience and annual income. Chi-square showed no significant difference in the success rate between farm and non-farm entrepreneurs. Policies to create the enabling environment to address access to market, market information and credit should be put in place for higher success rate of potential entrepreneurs.
 
Publisher Indian Council of Agricutural Research
 
Contributor —
 
Date 2021-04-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://epubs.icar.org.in/ejournal/index.php/IJAgS/article/view/111630
 
Source The Indian Journal of Agricultural Sciences; Vol 91, No 2 (2021)
0019-5022
 
Language eng
 
Relation http://epubs.icar.org.in/ejournal/index.php/IJAgS/article/view/111630/43767
 
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