Factors influencing success of MSME's entrepreneurs: A study at Bangalore city

The purpose of this research is to look into the critical success factors (CSFs) of micro, small and medium enterprise (MSMEs) in Bangalore. A questionnaire was created using several factors/indicators identified in earlier studies and data was collected from 230 MSMEs entrepreneurs. Individual factors, business characteristics, management factors, business support, capital availability, and the business environment were grouped into six categories by exploratory factor analysis. Researchers used CFA to ensure the accuracy of their measurements, and then a SEM model was created to examine the influence of various variables on an entrepreneur's chances of success. The most important predictor of entrepreneur success was found to be the presence of a business support factor. Results of this study add to the body of knowledge and discuss managerial implications that are useful for current and new business owners and entrepreneurs.