Narrow Results

The purpose of this research is to understand: (1) the main themes that appear to contribute to entrepreneurial success, (2) the various combinations of antecedents that can lead to entrepreneurial success, and; (3) the role that travel plays in entrepreneurial success. We first use a qualitative methodology to assess the themes that emerge in our conversations with 14 highly-successful Canadian entrepreneurs. The main categories that emerged from our interviews that contribute to entrepreneurial success involve: learning, travel, adversity quotient, and mentorship. From these results, we conduct a qualitative comparative analysis (QCA) and find that the input variables that were most important to entrepreneurial success were: learning, experiencing failure, learning from mentors, and adversity quotient. The contributions to knowledge of this research are twofold. First, we show that travel is an important construct to entrepreneurial success, which is significant as travel has largely been omitted from the entrepreneurship literature. Second, we show that entrepreneurial success is dependent on a complex combination of variables of varying levels of importance.

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We propose that, at a fundamental level, social isolation in its many forms (geographical, cultural and information-based) is a key barrier to entrepreneurial opportunity and success, not only by preventing access to material resources and markets, but also to ideas and information about products and services. Multi-modal data (survey and archival) from more than 150 entrepreneurs in contemporary rural India suggest an entrepreneur’s travel footprint is associated with the profitability of micro enterprises, even after accounting for village-level differences, and that the communication facilities and information sources available in the village interact with travel effects. The positive effect of travel on profit endures even after accounting for other known correlates of profit: infrastructure, information and communication.