TY - JOUR

T1 - Consolidation period in new ventures

T2 - How long does it take to establish a start-up?

AU - Lambertz, Stefanie

AU - Schulte, Reinhard

PY - 2013

Y1 - 2013

N2 - Starting up a new venture is seen in the recent literature on the subject as a process in which the entrepreneur must find, evaluate, develop and finally implement an opportunity. The process is finally concluded when the new venture has consolidated its position on the market. The present study assumes that a start-up is established on the market when its organisational structure has stabilised. From this stage of consolidation the firm has become a stable, functional and operating venture and its firm size has matured. To measure the length of the development until the stage of consolidation, the study analyses the development of the number of employees over time. The findings indicate that start-ups have managed to establish themselves on the market on average within five years. This consolidation period can vary slightly according to gender, business field and some other factors analysed in this study.

AB - Starting up a new venture is seen in the recent literature on the subject as a process in which the entrepreneur must find, evaluate, develop and finally implement an opportunity. The process is finally concluded when the new venture has consolidated its position on the market. The present study assumes that a start-up is established on the market when its organisational structure has stabilised. From this stage of consolidation the firm has become a stable, functional and operating venture and its firm size has matured. To measure the length of the development until the stage of consolidation, the study analyses the development of the number of employees over time. The findings indicate that start-ups have managed to establish themselves on the market on average within five years. This consolidation period can vary slightly according to gender, business field and some other factors analysed in this study.

KW - Entrepreneurship

KW - start-up development

KW - growth phase

KW - consolidation period

KW - stage models

KW - Entrepreneurial process

KW - Entrepreneurship

KW - Established start-ups

KW - Firm size

KW - Growth phase

KW - Life cycle models

KW - New venture development

KW - New ventures

KW - Organisational life cycle

KW - Panel data

KW - Small and medium-sized enterprises

KW - Small firms

KW - SMEs

KW - Stage models

KW - Start-ups

KW - start-up development

KW - growth phase

KW - consolidation period

KW - entrepreneurial process

UR - http://www.scopus.com/inward/record.url?scp=84890508306&partnerID=8YFLogxK

U2 - 10.1504/IJEV.2013.058167

DO - 10.1504/IJEV.2013.058167

M3 - Journal articles

VL - 5

SP - 369

EP - 390

JO - International Journal of Entrepreneurial Venturing

JF - International Journal of Entrepreneurial Venturing

SN - 1742-5360

IS - 4

ER -