Exploring Antecedents of Perceived Entrepreneurial Success: A Study of the IT Industry in Hyderabad

Abstract

This research delves at the factors that contribute to entrepreneurial success in the information technology sector in Hyderabad, an exciting and dynamic city in India that is known for its technical innovation. Using a mixed-methods strategy, the study finds that personal traits, social networks, financial resources, and market circumstances are the main determinants of entrepreneurs' success assessments. Structured questionnaires and in-depth interviews with IT entrepreneurs were used to gather data, which allowed for a thorough investigation of how these factors interact with perceived success. The results show that traits like perseverance, past experience, and good networking greatly aid in the optimistic view of business success. Also, the report stresses how important it is to have access to venture capital and government regulations that encourage entrepreneurship. Both prospective entrepreneurs and lawmakers seeking to foster sustainable development in Hyderabad's thriving tech environment may benefit from the practical insights offered by this study, which deepens our knowledge of entrepreneurial dynamics in the IT industry.