Impact of Family Background and Family Traits on the Entrepreneurial Success of an Entrepreneur
Abstract
This study analyses the impact of family background and family traits on the entrepreneurial success of an entrepreneur. For this, we have interviewed 60 entrepreneurs and small business owners from China. Our findings show that upbringing, personal characteristics, and business success all play a role in entrepreneurial success. The success of an entrepreneurial venture largely depends on the entrepreneur. Any history of business in the family, educational and professional qualification of the family members and, of course, that of the entrepreneur have an underlining impact on the success of the entrepreneurial venture or a small business. With a structured set of questions, entrepreneurs and small business owners were interviewed to learn how these underlying factors affect their style of doing business and how successful they have been with these business styles. Adequate literature review has also been done to support the findings of the study results.
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