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### Q1. What is the purpose of this research?

The purpose of this research is to provide insight into person-oriented drivers of business survival and success among young small business owners in the United States. The study aims to identify and quantify individual characteristics that influence business survival duration and success, distinguishing between compulsory and voluntary exits, which allows for an alternative definition of business success: the longer one can survive and prevent involuntary exit, the more successful one is (van Praag, 2003, p. 3).

### Q2. What method was used by the authors for data collection?

The authors utilized a duration analysis method to study business survival among young, white, self-employed small business owners in the US. The data was sourced from existing empirical evidence and involved analyzing the duration of business survival while accounting for both compulsory and voluntary exits (van Praag, 2003, p. 4).

### Q3. What are the main findings/conclusions of this research?

The main findings of the research indicate that individual characteristics significantly impact business survival and success. The study concludes that personal attributes such as age, experience, education, and other socio-economic factors play crucial roles in determining the longevity and success of a business. Additionally, the research highlights that preventing involuntary exits is a key indicator of business success (van Praag, 2003, p. 14).

### Q4. Write some important information mentioned in the article about ‘Determinants of success in Business’

The article discusses various determinants of success in business, emphasizing person-specific factors over business-specific ones. Key determinants include:

– **Age and Experience**: Older age and more industry experience contribute positively to business survival.

– **Education**: Higher levels of education are associated with greater business success.

– **Economic Conditions**: Macroeconomic conditions and the business environment significantly affect business survival rates.

– **Previous Employment Status**: Starting a business while unemployed has different impacts on business success compared to starting while employed (van Praag, 2003, pp. 9-12).

### Q5. What is your evaluation of this research article?

The research article is well-structured and provides valuable insights into the determinants of business success among young small business owners. Its focus on person-oriented drivers offers a unique perspective that complements traditional business-centric studies. The use of duration analysis and the distinction between compulsory and voluntary exits enhance the robustness of the findings. However, the study’s limitation to young, white, self-employed individuals in the US may restrict the generalizability of the results. Overall, the article makes a significant contribution to the field of small business research and provides practical implications for aspiring entrepreneurs and policymakers