Key entrepreneurial success factors of start-ups : A systematic literature review

Abstract

Entrepreneurship is an essential pillar of innovation, economic growth and job creation, both nationally and internationally. However, start-ups, key players in this momentum, face a number of challenges, including a lack of resources, managerial skills and access to structured financial and social networks. These obstacles make it crucial to identify key success factors, not only to guide entrepreneurs, but also to enlighten researchers and decision-makers. A thorough understanding of these elements is essential to foster an environment conducive to innovation, competitiveness and business sustainability, thereby strengthening entrepreneurial ecosystems.

This research, based on a systematic review of available studies, applies the PRISMA methodology to select and then analyze in depth 18 studies chosen from 247 identified in the Web of Science and Scopus databases. The results highlight determining factors such as institutional support (subsidies, tax incentives, favorable public policies), innovation (technological and organizational), social and financial networks (access to mentors, partners and investors) and management skills. These factors, while essential in various contexts, reveal variations according to geographical and cultural specificities, illustrating the complexity and interdependence of entrepreneurial dynamics.

By offering a rigorous synthesis of existing contributions, this systematic review sheds light on the determinants of entrepreneurial success and provides a solid foundation for future research. It aims to promote entrepreneurial ecosystems that are inclusive, resilient and adapted to local specificities, thus contributing to sustainable economic development and global innovation.

Keywords: Entrepreneurial success, Start-ups, Success factors, Entrepreneurship.

JEL Classification: L23

Paper type: Theoretical Research