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
- Tea Josimovska
- Milena Boshkoska Klisaroski
- Katerina Hadzi Naumova Mihajlovska
- Hristina Nelovska
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