• Korean small business review
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• v.43 no.4
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• pp.59-93
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• 2021

This study surveyed 413 small business owners who experienced closure to see how the loss perception experienced by small business owners affects their comeback through fear of failure. The analysis results are as follows. First, the larger the received loss of financial capital, market capital, and social capital, the greater the fear of failure. Second, the greater the fear of failure, the less willingness to re-start-up, but it did not affect the willingness to work. Third, perceived loss of financial capital, market capital, and social capital grew fear of failure, which negatively affected the willingness to re-start. However, as for the willingness to work, only the perception of loss to market competitiveness strengthened the willingness to work through fear of failure. This suggests that if you think you are out of business due to market competitiveness, you are more likely to choose to get a job than to start a business. Fourth, those with higher entrepreneurial self-efficiency had less effect of perceived loss on fair of failure than those with lower entrepreneurial loss. In other words, it can be seen that a person with high entrepreneurial self-efficiency is likely to start-up. It is noteworthy that despite the tendency to fail due to market competition and lack of understanding of risks, small business operators were most aware of the loss of social capital. This is presumed to have had the greatest impact on fear of failure because small business owners try to receive funding or business revitalization support through social networks such as acquaintances and relatives. Based on the above results, this study requires sufficient market research to secure a competitive advantage when preparing for start-ups through policy practice suggestions, and suggests ways to reduce financial loss through the establishment of sophisticated business plans.

• Journal of Korea Society of Industrial Information Systems
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• v.22 no.5
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• pp.51-64
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• 2017

This Paper Aims to Provide Economic Implications to Activate College Start-ups by Performing an International Comparative Study on the Personality Characteristic Elements that Affect Entrepreneurial Intention of University Students. This Investigation Employed Entrepreneurial Self-efficacy, Entrepreneurial Preference, Desire of Achievement, and Fear of Failure as Personality Characteristic Factors. Furthermore, Social Perception was used as the Moderating Variable. The Result Shows that Entrepreneurial Self-efficacy and Entrepreneurial Preference had a Positive Effect, while fear of Failure had a Negative Effect on Entrepreneurial Intention. Moreover, Desire of Achievement did not have any Effects. The Analysis of Moderating Effect of Social Perception between Personality Characteristics and Entrepreneurial Intention Shows that the Moderating Effect did not Appear.

• 한국벤처창업학회:학술대회논문집
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• 2010.08a
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• pp.163-191
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• 2010

본 연구에서는 조사대상자의 사업경력, 즉 사업운영경험이 있는지의 여부, 사업실패경험이 있는지, 현재 사업을 하고 있는지에 따라 사업 및 가족기업창업과 관련한 태도에 어떤 차이가 있는지를 조사하였다. 또한, 사업 및 가족창업 관련 태도에 영향을 미치는 변수는 어떤 것인지를 조사하였다. 본 연구의 결과를 정리 종합하면 다음과 같다. 첫째, 남성이 여성보다 사업운영경험, 사업실패경험이 많았고, 현재 사업을 운영할 가능성이 많았다. 사업을 운영한 경험이 있는 경우 그리고 사업을 운영하고 있는 경우 대학원 졸업자의 비중이 많아 사업자가 고학력자임을 알 수 있었고, 연령이 평균 45세로 비사업자보다 연령이 높았으며, 부모가 창업한 경험이 있는 경우가 많았다. 둘째, 사업운영경험이 있는 경우, 사업실패경험이 있는 경우, 현재 사업을 운영하는 경우 대체로 사업에 대해 긍정적인 태도를 갖고 있었고, 사업실패후처리 평가 시스템에 대해 부정적 태도를 보였으며, 사업실패두려움이나 사업실패위험에 대해 강하게 인지하고 있었고, 가족창업에 대해 적극적인 태도를 보는 것으로 나타났다. 셋째, 남성 그리고 사업경험이 있는 경우 사업에 대해 긍정적 태도를 가지고 있는 것으로 드러났다. 또한, 남성, 사업실패위험에 대해 강하게 인지할수록, 사업실패경험이 있는 경우 사업실패에 대해 더 두려워하고 있었다. 끝으로, 남성, 부모가 창업한 경험이 있는 경우, 사업운영경험이 있는 경우 가족창업의지가 적극적인 것으로 밝혀졌다.

• 한국벤처창업학회:학술대회논문집
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• 2019.11a
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• pp.129-134
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• 2019

계속 높아지는 기업가정신과 창업의도에도 불구하고 2017년 OECD 보고서에 따르면 한국은 실패에 대한 두려움이 높은 국가로 전체 7위롤 기록했다. 실패 후 신용 불량으로 인한 재기 불가능에 대한 인식이 여전히 팽배해 창업을 저해하는 요인으로 아직까지 큰 비중을 차지하고 있다. 그러므로 실패에 대해 관용적인 문화와 실패를 통한 학습 독려, 실패 기업인의 재도전 지원 활성화 정책은 한국을 진정한 창업국가로 변모하게 할 것이다. 그러나 무엇보다 실패를 경험한 창업가 본인 자신이 새롭게 재기에 임하는 마음가짐이 중요하므로 본 연구의 목적 역시 재창업자가 다시 창업에 어떤 자세로 임해야 하는지 찾고자 하는데 있다. 따라서 본 연구는 재기에 성공한 4명의 사업가와 재도전을 했으나 여전히 성과를 못 내고 있는 5명의 사업가를 인터뷰하여 재도전의 성공 요인을 탐색하고자 한다. 연구 결과, 재기 창업가가 재도전 성공을 위해 가져야 할 자세와 역량을 1) 지식(knowledge), 2) 인지(cognition), 3) 감정(emotion) 이상 3가지 관점에서 기존의 연구가 다루지 못한 접근법을 제안한다. 먼저, 지식 관점에서 보면 기존 사업과의 동질성 여부가 중요한 것이 아니라, 새롭게 진출하는 영역에 대한 준비성이 재도전의 성공 여부에 영향을 미쳤다. 다음으로, 인지적 관점에서는 과거 실패의 원인에 대한 분석과 자기 실책으로의 귀인은 차이를 보이지 않았고 오히려 앞으로 영위할 사업에 대한 여러 사람들의 지적과 충고에 대한 수용 역량(coachability)이 성공과 실패를 나눴다. 마지막으로 감정 관점에서 선행연구는 실패로부터 슬픔을 빨리 극복하는 사람이 학습과정도 빨리 이뤄지는 것으로 여겨졌으나, 슬픔의 극복은 재기 후 성과와는 관련이 없었으며, 본 연구에서는 재기 전 생계유지가 가능한 상태 여부가 성공의 선행조건이 될 수 있음을 발견하였다.

• 한국벤처창업학회:학술대회논문집
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• 2021.04a
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• pp.131-136
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• 2021

산업 패러다임과 트랜드의 변화 속에서도 저성장, 고령화는 뉴 노말 시대의 가장 큰 문제점으로 대두되고 있다. 이에 따라 각자도생이 필요하며, 결국 창업이 대세인 시대가 되었다. 성공적인 창업을 위해서는 많은 준비와 실패 노하우의 축적이 필요하나 실패를 용납하지 않는 우리 사회분위기상 이는 쉽지 않다. 조사에 따르면 창업 장애요인으로 '창업실패 및 재기에 대한 두려움', '창업 준비부터 성공까지의 생계유지'가 많은 부분을 차지하고 있다. 이러한 장애요인을 줄이는 방법으로 Hybrid창업을 제시할 수 있으나 국내 많은 기업이 직장인의 겸직을 제한하는 탓에 Hybrid창업이 활성화되지 못하고 있고 관련 연구도 거의 없는 수준이다. 그러나 52시간 근무제로 직장인이 투잡(two-job)을 통한 수익창출 기회는 증가하였고, 고용불안과 은퇴이후를 고민하는 직장인들이 우회 창업하는 경우도 적지 않다. 이러한 Hybrid창업 현상은 조기은퇴, 고령화의 영향으로 계속 증가할 것으로 예상됨에 따라 관련 연구를 축적할 필요가 있다. 본 연구의 목적은 직장인의 Hybrid 창업의도에 미치는 영향요인을 탐색하는데 있다. 본 연구에서는 직장인의 창업가 특성, 창업역량, 경력지향성과 Hybrid창업의도간의 관계와, 직장인의 조직불안 인식의 조절효과를 검증하고자 한다.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.14 no.3
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• pp.13-26
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• 2019

There is a growing interest in the entrepreneurial activity that has long been considered essential for sustainable economic development and value creating. Although it is strongly encouraged by focusing on the positive aspects of venturing, less has been paid attention to entrepreneurial failure, which is the biggest cause of hesitation in starting a business. The uncertain and risky nature of entrepreneurship implies a considerable possibility of failure. Even if it fails, the experience and knowledge of entrepreneurs acquired through entrepreneurship indeed offers valuable lessons for the re-venturing, which can serve as an important social asset that should not be lost. It has been argued that re-entering the same industry for the subsequent venture maximizes the learning effect through utilizing potential benefits from industry-specific knowledge. Although the re-startup after entrepreneurial failure is a very important topic in the studies on serial entrepreneurs, there is a paucity of systematic empirical investigation. This study responds to calls for more research on the re-startup after entrepreneurial failure, and specifically complements existing studies on serial entrepreneurs. Focusing on the entrepreneurs' attribution for the failure, we conducted an empirical analysis of how this affects the re-startup process. Moreover, we also examined the moderating effects of entrepreneurial self-efficacy and resilience. For the analyses, we surveyed the entrepreneurs who tried to re-start the subsequent business after the entrepreneurial failure through the "Revitalization Center for Strained Entrepreneur". The results found that failed entrepreneurs who blamed internal factors for their previous venture failures were likely to keep the same industry for their subsequent business. In addition, the positive effect of internal attribution on maintaining the same industry for the re-startup was found to be stronger when entrepreneurial self-efficacy and resilience were high.

• Journal of Korea Society of Industrial Information Systems
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• v.25 no.6
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• pp.171-192
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• 2020

The purpose of this study is, first, to empirically verify the relationship between the influences of the start-up performance and the inherent fear factor of failure on the start-up performance through the preparation of the start-up. Second, this study aims to prove the influence of the moderating effect of social support on the relationship between start-up preparation and the burden of start-up failure. The research subjects were sampled and analyzed by 298 start-ups who are currently starting their own businesses. This study founds that preparation of start-up items, which is a subordinate theory of start-up preparation, had a significant effect on start-up performance, and that anxiety about failure had a significant effect on start-up performance. Using the SPSS statistical program, the hierarchical regression analysis proved the moderating effect of social support in the relationship between star-tup preparation, start-up failure burden and startup performance. Furthermore, the moderating effect of social support among start-up preparation, start-up failure burden and start-up achievement was analyzed, but no significant results were found for start-up failure burden. Besides, the effect of the opposite concept of independent variables on the dependent variables at the same time is to be analysed.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.9 no.4
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• pp.145-153
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• 2014

This study examined the linkage between positive cognitive bias and entrepreneurial intention. Self-enhancement, unrealistic optimism, and illusion of control have been collectively referred as positive cognitive bias. We examined the effects of positive cognitive bias on attitudes toward success and failure. And we also examined the effect of attitudes toward success and failure on entrepreneurial intension. This study investigated these relationships using 240 high school students. The result of analysis indicated that the self-enhancement bias and unrealistic optimism bias had positive effects on attitude toward failure, but it had not any effect on attitude toward success. The illusion of control bias has positive effects on attitude toward success, but it had not any effect on attitude toward failure. The attitudes toward success and failure had positive effect on entrepreneurial intension. Then results of this study suggests that the cognitive biases showed a role of antecedents of attitudes toward success and failure. Finally, this study concluded with a discussion of the implications of the research findings and directions for future research.

• Management & Information Systems Review
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• v.34 no.3
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• pp.303-315
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• 2015

The objective of this study was to devise and empirically validate a model in which personal characteristic, infrastructure of business start-up, difficulties of business start-up influence the intention of business start-up. The research model was analyzed by the structural equation modeling(SEM) technique, supported by SAS 9.13 and SMART-PLS 2.0. The results of this study can be summarized as follows. The results of this study can be summarized as follows. Firstly, personal characteristic had a significant impact on intention of business start-up. Secondly, infrastructure of business start-up also had a significant impact on intention of business start-up. Lastly, on the other hand, difficulties of business start-up had no direct impacts on intention of business start-up.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.9 no.5
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• pp.115-127
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• 2014

The national Entrepreneurial policy of Start-up assists the young and college students to be raised as entrepreneur in various ways seeking solution for serious unemployment problem. Many young generation start-up a business without prior knowledge and experience in management that end up as a case of failure rather than success. Many young pre-entrepreneur are afraid of Start-up and hesitate or give up before start. Now many Entrepreneurship education contents and Entrepreneurship mentoring programs are being provided for pre-entrepreneur. Especially, Entrepreneurship mentoring programs's importance to ease off these fear and anxiety is recognized and Mentoring program's part and contents are being enhanced in Entrepreneurship education content. In this study, the influence of Entrepreneurship mentoring program to young and brilliant entrepreneur who wants to start a business will be explained. The function of Entrepreneurship mentoring to improvement of entrepreneurial capability will be anaylzed and by using the function of Entrepreneurship mentoring and entrepreneurial capability, the moderating effect of start-up preliminary period and start-up aim period is examined. The results of as regression analysis, the study found out the function of Entrepreneurship mentoring has a positive significant influence with entrepreneurial capability which means technological competence and creativity competence. For the moderating effect of start-up preliminary period and start-up aim period, it is found out that the effect does not have a significant influence on the function of Entrepreneurship mentoring and also technological competence, but on creativity competence, significant influence was found. However, after looking at the moderating effect that is considered to be related to entrepreneurial capability, for the function of mentoring only the effect on start-up preliminary period.