Factors Affecting the Business Performance of the Micro Small and Medium Enterprises in Creative Economic Sector in Makassar Indonesia
This study aims at determining the effects of (i) the venture capital on growth strategies, (ii) the characteristics of entrepreneurs on business growth strategy, (iii) business growth strategy on business performance, and (iv) the competence of entrepreneurship on the performance of the business. The number of sample collected in this study using Slovin formula was 296. This sample was collected based on the business category of the creative economic sector. The results of this study showed that there was significant effect of the venture capital business growth strategy and business performance. Variables that were significantly affecting the entrepreneurial characteristics of business growth strategy, entrepreneurial competence and business performance. Competence entrepreneurship significant effect on business performance. Entrepreneurial characteristics Significantly influence business performance. However, growth strategies have no significant effect on business performance. Whilst venture capital has a significant influence on business performance through business growth strategy. Finally, entrepreneurial characteristics have significant influence on business performance through business growth strategy and entrepreneurial competence.