- Personnel. Smes, which attract and retain quality staff, have greater chances of success.
- Election of appropriate time to provide products or services. Smes providing very young or old products /
services increase chances of failure.
- Economic circumstances. Smes starting in economic recession are more likely to fail than others starting ineconomic prosperity.
- Age. Younger entrepreneurs have a greater chance of failure.
- Partners. Businesses established by two or more people are more likely to succeed than those by one.
- Parents. Entrepreneurs whose parents were business owners face decreased chances of failure than those whose parents did not own a sme.
- Minorities. Greater chance of failure for these entrepreneurs.
- Marketing. Smes owners having marketing skills have a greater chance of success.