A Factor Analysis of the Entrepreneurial Success, Motivation andProblems Faced: The Case of Chinese Entrepreneurs

Abstract

We examined the following factors in this study of Chinese entrepreneurs’ success: entrepreneurial motivation, success factors, start-up challenges, business growth, the role of family and social network in reducing stress, and professional satisfaction. In this study, we examined Chinese entrepreneurs for their motivations to start a business, factors that support their success, problems that occur during start-up and growth of the business, the role of family and social network in creating a less stressful working environment, and the overall level of satisfaction with their profession. Results indicate that economic worries were the most important reason for starting one’s own business than career and personal motives. Chinese small and medium-sized enterprise(SME) owners cited honesty and customer relations as the other most important factors in their success. Additionally, Chinese entrepreneurs rated employee-related problems as the most critical problem among all problems we asked in the survey. Results also showed that the gender of the entrepreneurs we sampled was not a significant differentiating factor in identifying entrepreneurial motivations.