Educational Background and its Role in Entrepreneurial Success of Startup Entrepreneurs: An Empirical Study

Abstract

Entrepreneurship is now a crucial driver of economic growth in present day's dynamic business landscape. As the number of startups continues to proliferate, understanding the factors that contribute to entrepreneurial success becomes imperative for entrepreneurs, policymakers, and educators. Among these factors, the educational background of startup entrepreneurs has garnered significant attention. Education can provide individuals with a diverse set of skills, knowledge, and competencies that are valuable in the entrepreneurial journey. Academic qualifications, specialized training, and exposure to relevant industry practices can equip entrepreneurs with the necessary tools to navigate the challenges of starting and scaling a business. But it is also to be recognised that entrepreneurship is a complex and multifaceted endeavour, nuanced by a wide array of factors beyond formal education. This paper explores the connection between educational background and the entrepreneurial success of startup entrepreneurs. The study highlights the importance of a holistic approach to education that combines academic learning with practical exposure and skill development.it highlights the significance of education as a foundation for entrepreneurship. The findings aim to stimulate further research and inform policymakers, educators, and aspiring entrepreneurs on the potential benefits of educational experiences in fostering successful startup ventures. Researcher had considered 239 entrepreneurs to conduct the study survey and know the factors that determines the role of educational background in entrepreneurial success of startup entrepreneurs and found that identifying an opportunity, Developing Business Plan, Managing the Enterprise and Skills and Resources are the factors that determines the role of educational background in entrepreneurial success of startup entrepreneurs