Exploring the Impact of Entrepreneurial Skills on the Performance of Uttarakhand Based Start-ups

Abstract

Entrepreneurship innovation is found many times in the literature, but empirical research on the growth and development of start-ups is underdeveloped. Many studies have pointed out that the rate of the launch of start-ups being high and start-ups not able to survive is highly correlated. This article is a modest attempt to bridge this gap by identifying the entrepreneurial factors affecting the performance of early-stage start-ups based in Uttarakhand. This is an exploratory study based on the primary data collected from a sample of 147 start-up founders. A self-administered questionnaire, including 18 Likert items for three independent variables was used and pilot-tested which subsequently came down to thirteen after deleting five items. A random sampling technique was applied to choose respondents from the Dehradun and Haridwar districts of Uttarakhand state. The data were analysed using descriptive statistics, exploratory factor analysis, Cronbach’s alpha, with the help of SPSS software (version 23). Multiple regression analysis was used to analyse the impact of three extracted factors on the performance of start-ups. The study has revealed that the leadership skills, technical skills and marketing skills of entrepreneurs significantly contribute to the performance of start-ups in Uttarakhand state.