Exploring the Challenges Faced by Young Entrepreneurs in Business Incubators

Abstract

This paper explores the multifaceted nature of entrepreneurial success among young entrepreneurs in developing economies, emphasizing the critical roles of resource accessibility, Mentorship quality, and growth constraints. Utilizing Structural Equation Modelling (SEM), the study investigates how these factors interact and influence entrepreneurial outcomes, revealing that resource accessibility has the most significant positive impact, while growth constraints has the most significant positive impact, while growth constraint exert a substantial negative effect. The research highlights that over half of the variance in entrepreneurial success can be explained by these constructs, underscoring the importance of tailored support systems. The findings suggest that enhancing resource provision, reducing barriers, and improving mentorship quality are vital for fostering sustainable entrepreneurial growth, particularly in resource constrained environments. This study contributes to the literature by providing a comprehensive analysis of the complex interplay among key success drivers and offers pragmatic insights for designing effective entrepreneurial support initiatives in developing economies.