Factores Críticos de Éxito de Emprendedores Latinos
Latino entrepreneurs in the U.S. face myriad challenges in their pursuits, with unique obstacles owing to their minority and, sometimes, immigrant status. This study investigated the critical success factors of Latino entrepreneurs in the United States. This study utilized a Delphi methodology to identify the critical success factors and thematic analysis of the identified success factors to create the theoretical model. An expert panel of individuals of Latino origin who identified either as active entrepreneurs or individuals with at least 2 years of experience working in a leadership role with an organization that serves or works with Latino entrepreneurs (e.g., Hispanic Chamber of Commerce, Small Business Development Center) were recruited using LinkedIn. Three survey rounds were administered based on 75 critical items identified in extant literature and 15 items suggested by panelists on the Round 1 survey. Across the three rounds, 74 of the 90 total items (82.2%) achieved consensus. A thematic analysis of the consensus items indicated four themes critical to Latino entrepreneurial success: competencies, work values and motivations, personal traits, and help-seeking behaviors. A new model for Latino entrepreneurial success entitled the Linares ImmiGrit Model was created based on the study results. When Latino entrepreneurs’ competencies, work values and motivations, and personal traits are applied and fortified through help-seeking and giving with relation to one’s interpersonal support network, culturally relevant institutions, and self-study and formal training, a generative cycle of both entrepreneurship and contribution may become possible. In this way, both individual accomplishments but beneficial community outcomes emerge. The dissertation contributes to the growing body of knowledge on entrepreneurship and provides a foundation for future research and policy development aimed at promoting entrepreneurial success among diverse populations. Based on these findings, Latino entrepreneurs are advised to (a) uncover their unique reasons for business ownership and use these to sustain them through the inevitable challenges, (b) be proactive in assessing their competencies and addressing any gaps through help-seeking, and (c) be deliberate about both seeking and offering help so that, collectively, Latino entrepreneurs advance in renewed strength together.
Library of Congress Subject Headings
Emigration and immigration; Hispanic Americans--Entrepreneurship; Hispanic Americans--Success
Date of Award
Graduate School of Education and Psychology
Linares, Carlos A., "Critical success factors of Latino entrepreneurs" (2023). Theses and Dissertations. 1398.