On Entrepreneurial Success of Small and Medium Enterprises (SMEs): A Conceptual and Theoretical Framework

Abstract

Researchers have not clearly agreed on definition and measures for entrepreneurial success. This paper attempts to define entrepreneurial success from the perspective of the SMEs and propose both financial and non-financial measures for measuring entrepreneurial success. Relevant literature was reviewed to provide conceptual and theoretical framework for empirical studies on entrepreneurial success factors and success dimensions or indicators for better understanding of entrepreneurial success Keywords: Entrepreneurial Success, Entrepreneurial Success factors, Entrepreneurial Success Indicators, Small and Medium Enterprises.