PASSION AND OPPORTUNITY AS KEY APROACHES TO BUSINESS CREATION

This paper explores the impact of passion and market opportunities on business startup success, analyzing their roles in motivation, decision-making, and longterm sustainability. Using survey data, the research examines how entrepreneurs balance personal enthusiasm with strategic market analysis to minimize risks and maximize growth potential. Findings indicate that while passion drives creativity and resilience, market opportunities provide direction for profitability and sustainability. Additionally, external factors such as culture, economic conditions, and personal experiences significantly shape entrepreneurial decisions. The paper highlights the need for a balanced approach, where passion fuels innovation, while strategic market evaluation ensures business viability. The results align with previous research, emphasizing that successful entrepreneurship requires integrating personal motivation with external opportunities. This paper contributes to the understanding of entrepreneurial strategies, offering insights for aspiring business owners on optimizing passion and market awareness to enhance their chances of long-term success.

Authors

Publication Details

Journal
Economic Development/Ekonomski razvoj
Published
2025-05-22
DOI
https://doi.org/10.55302/ed251-262j
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
0.00
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article

PASSION AND OPPORTUNITY AS KEY APROACHES TO BUSINESS CREATION

Tea Josimovska, Milena Boshkoska Klisaroski, Katerina Hadzi Naumova Mihajlovska, Hristina Nelovska
Economic Development/Ekonomski razvoj
Entrepreneurship Studies and Influences
article

PASSION AND OPPORTUNITY AS KEY APROACHES TO BUSINESS CREATION

Tea Josimovska, Milena Boshkoska Klisaroski, Katerina Hadzi Naumova Mihajlovska, Hristina Nelovska
article en

Abstract

This paper explores the impact of passion and market opportunities on business startup success, analyzing their roles in motivation, decision-making, and longterm sustainability. Using survey data, the research examines how entrepreneurs balance personal enthusiasm with strategic market analysis to minimize risks and maximize growth potential. Findings indicate that while passion drives creativity and resilience, market opportunities provide direction for profitability and sustainability. Additionally, external factors such as culture, economic conditions, and personal experiences significantly shape entrepreneurial decisions. The paper highlights the need for a balanced approach, where passion fuels innovation, while strategic market evaluation ensures business viability. The results align with previous research, emphasizing that successful entrepreneurship requires integrating personal motivation with external opportunities. This paper contributes to the understanding of entrepreneurial strategies, offering insights for aspiring business owners on optimizing passion and market awareness to enhance their chances of long-term success.

Economic Development/Ekonomski razvoj(1-2)
Openalex Percentile: Top 84%
Entrepreneurship Studies and Influences
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PASSION AND OPPORTUNITY AS KEY APROACHES TO BUSINESS CREATION — Tea Josimovska, Milena Boshkoska Klisaroski, et al. · Economic Development/Ekonomski razvoj (2025) | TGRS Research Map | TGRS