Importance of Prior Work Experience for Entrepreneurial Success

This study focuses on the significance of prior work experience for entrepreneurial success. Thematic analysis is used to analyze the data gathered through qualitative interviews. Findings suggest that prior experience plays a vital role in ensuring success of the business venture.

Business research
methods

Table of Contents
A short introduction that covers the topic and the specific issue.............................................................3
Rational of choice of qualitative interview..............................................................................................3
The process of data analysis....................................................................................................................4
Findings based on the set themes.............................................................................................................4
Reflection................................................................................................................................................4
References...................................................................................................................................................6
Appendices..................................................................................................................................................7
Interview Questions.................................................................................................................................7

A short introduction that covers the topic and the specific issue
Entrepreneurship is an important activity of developing, organizing and running a
business organization so that pre-defined level of success can be attained. The main aim of
entrepreneurship is to bear the risk with an aim to attain significant amount of profit in the future
period of time. Here, entrepreneur is a person who starts and run the new venture so that
tremendous amount of profit can be attained. The present study is based on entrepreneurship
practice that is really important in the present time. There are certain believes regarding the
entrepreneurship that it is important to have work experience to become a good entrepreneur.
Also, there are some other antecedents such as work experience, influence of leaders and more
(Morales and et. al., 2021). The present study will cover significant issues relate to prior work
experience to become a good leader. My choice of interview questions is based on the issues that
are faced by the entrepreneurs. Further, it will also help me in terms of gathering significant
amount of information to conduct the overall study in successful manner.
Rational of choice of qualitative interview
In the present scenario, qualitative interview method has been chosen as it will help in
gathering detailed & in-depth information regarding a topic. By selecting qualitative interview
techniques, an investigator can easily collect significant amount of data and information for
completion of research project successfully. The present study is based on thematic analysis
where the information regarding selected topic will be collected potentially. This is useful in
terms of collecting detailed information in order to develop better understanding on a particular
topic. Choosing the respective method will make the researcher enable to understand the topic in
better manner to take effective decisions in future period of time (Tricarico and Pacchi, 2018). In
this regard the interview questions are given below:
 Do you have any prior work experience to handle a business entity?
 Do you think that having prior experience is a significant requirement to become a
successful entrepreneur?

The process of data analysis
In the present scenario, I will analyze the data through thematic analysis. Here , I will use
qualitative interview in order to gather detailed and in-depth information from the respondents.
Also, this technique is helpful in developing better knowledge & understanding regarding the
specific topic. The respective techniques of analysis is flexible in terms of interpretation of the
data and allows the researcher to make meaningful inferences out of the large amount of data.
Here, the investigator can easily make the suitable conclusion by setting the broad themes. In
context of the present situation, it is analyzed that prior experience plays an imperative role in
growth and success of entrepreneurs. If they have proper experience to handle a business
organization, it will be easy for them to run the venture successfully (Pasillas, Brundin and
Markowska, 2017). By having the prior experience, it is possible to identify the growth
opportunities so that the venture can be run successfully in the future period of time.
Findings based on the set themes
Out of the above theme, it is analyzed that having prior experience plays a vital role in
ensuring success of the business venture. If the entrepreneur has prior experience, it will be easy
for them to identify the future growth opportunities that will lead the respective venture towards
success. In addition to this, prior experience can also be used in terms of dealing with the
challenges of entrepreneurial venture successfully. However, there are ample of entrepreneurs
who have been gathered tremendous amount of success without having any prior experience. As
along with the prior experience, there is also requirement to have ample of skills, competencies
and capabilities to perform various entrepreneurial activities appropriately. By having significant
knowledge, skills and competencies, one can easily perform the roles & responsibilities of
entrepreneur in an appropriate manner. It is analyzed that prior experience play a crucial role in
terms of ensuring success and growth of an entrepreneur in the future period of time (Walzer,
2017). By having suitable prior experience, one can easily deal with potential business problems
and issues significantly so that the venture can attain success in longer period of time.
Reflection
The present interview study is based on entrepreneurial practices. Here, the data has been
gathered through interview. In this regard, I have been taken interview of numerous

entrepreneurs so that I could gather significant amount of data and information. In the present
study, I focused on importance of having prior work experience to fulfill the duties &
responsibilities of an entrepreneur. The study helped me in developing significant knowledge
base regarding the significance of prior of work experience. I analyzed that prior experience is
important for entrepreneurial success but there is also requirement to have necessary skills,
knowledge and competencies for becoming a success entrepreneur. I faced difficulties during the
interview regarding negligence of the respondents that will further create issues in completing
the project. Additionally, issue related to lack of funds & resources have also been encountered
by me during the study. The results of the present study are authentic and appropriate as the
information has been gathered by personally interviewed the participants. Further, in case of
analytical approach, it is complex to fully rely on the outcomes as these are considered as less
authentic and theoretical based on non-numerical methods. Here, use of qualitative analysis will
affect the potential outcomes of research project.

References
Books and journals
Morales and et. al., 2021. Hybrid forms of business: Understanding the development of
indigenous social entrepreneurship practices. Journal of Business Research, 124, pp.212-
222.
Pasillas, M.R., Brundin, E. and Markowska, M. eds., 2017. Contextualizing entrepreneurship in
emerging economies and developing countries. Edward Elgar Publishing.
Tricarico, L. and Pacchi, C., 2018. Community entrepreneurship and co-production in urban
development. Community entrepreneurship and co-production in urban development,
pp.69-77.
Walzer, D.A., 2017. Independent music production: how individuality, technology and creative
entrepreneurship influence contemporary music industry practices. Creative Industries
Journal, 10(1), pp.21-39.

Appendices
Interview Questions
 Do you have any prior work experience to handle a business entity?
 Do you think that having prior experience is a significant requirement to become
a successful entrepreneur?