The impact of entrepreneur’s age on serial entrepreneurship speed: the moderating effect of positive gains after failure

Enkhbaatar Uyanga*

*Technology Management Department, Mongolian University of Science and Technology, Mongolia, emelody.en@gmail.com

* Corresponding Author: Enkhbaatar Uyanga 

Digital Object Identifier:  

https://doi.org/10.53468/mifyr.2024.04.03.54

Abstract— This study analyzes the impact of entrepreneurs’ age and positive outcomes after failure on the speed of serial entrepreneurship. Generally, older entrepreneurs tend to pursue serial ventures more rapidly; however, a clear explanation for this phenomenon is still lacking. This research identifies age and positive gains after failure as key variables and empirically analyzes their effects on the speed of serial entrepreneurship, drawing on prior studies. The results indicate that age alone does not lead to faster serial entrepreneurship. Instead, older entrepreneurs who experience higher positive gains after failure are more likely to re-enter the entrepreneurial space quickly. This suggests an interaction between entrepreneurs’ age and positive gains after failure that positively influences entrepreneurial success, underscoring the need for tailored training programs for entrepreneurs.

Keywords—Serial entrepreneurship, Entrepreneur`s age, Serial entrepreneurship speed, Positive gains after failure

Article History: Received 30 Jule 2024, Received in revised form 03 August 2024, Accepted 20 September 2024

Download file : httpsdoi.org10.53468mifyr.2024.04.03.54