{"title":"The effect of prior entrepreneurial experience on the quality of a business plan proposal in applying for angel investment","authors":"R. Hanak, Matú� Greo","doi":"10.1504/ijev.2020.10033791","DOIUrl":null,"url":null,"abstract":"The main aim of this study was to investigate the effect of start-up and managerial experience on the quality of business plans proposed by entrepreneurs applying for external angel investment. Using the Business model canvas method as a criterion, a quantitative content analysis of 310 business plan proposals was conducted in order to evaluate the ability of entrepreneurs to define the most important dimensions of a business plan. The results showed a positive effect of start-up experience and a non-significant effect of managerial experience on the quality of business plan proposals. It was shown that when defining more complex and dynamic dimensions of a business plan, a U-shaped relation between start-up experience and the quality of a business plan existed. Furthermore, we found that the quality of a business plan partially mediated the relation between prior experience and the acceptance of a business plan in an investor's first prescreen evaluation.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"53 1","pages":"617"},"PeriodicalIF":1.4000,"publicationDate":"2020-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Entrepreneurial Venturing","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/ijev.2020.10033791","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 1
Abstract
The main aim of this study was to investigate the effect of start-up and managerial experience on the quality of business plans proposed by entrepreneurs applying for external angel investment. Using the Business model canvas method as a criterion, a quantitative content analysis of 310 business plan proposals was conducted in order to evaluate the ability of entrepreneurs to define the most important dimensions of a business plan. The results showed a positive effect of start-up experience and a non-significant effect of managerial experience on the quality of business plan proposals. It was shown that when defining more complex and dynamic dimensions of a business plan, a U-shaped relation between start-up experience and the quality of a business plan existed. Furthermore, we found that the quality of a business plan partially mediated the relation between prior experience and the acceptance of a business plan in an investor's first prescreen evaluation.
期刊介绍：
The journal name relates to Harvard Business School''s understanding of "The Entrepreneurial Venture" (Sahlmann/Stevenson/Roberts/Bhidé), the concept of entrepreneurship not only limited to new ventures/start-ups, but further understood as the concentration of opportunity/growth/value creation regardless of company size, age or kind. Hence, IJEV addresses organisational processes surrounding these concepts: from an idea to an innovation. To bridge the gap between innovation and entrepreneurship research, IJEV emphasises implications of this new knowledge for researchers, managers, public policy makers and business educators. Topics covered include: -Opportunity: identification; recognition; creation; selection; exploitation -Growth: management of rapidly growing enterprises; control -Value creation: for owners; for customers; other stakeholders; society -Entrepreneurship and intrapreneurship -New venture creation -Management of technology and innovation -New product development and creativity -SME management -Entrepreneurial and small enterprise finance -Crowdsourcing and crowdfunding -Family business -Gender and diversity -Global entrepreneurship and internationalisation -Public policy, the economy, and the small enterprise -Business and organisational failure
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