Entrepreneurial Experience and Its Impact on the Economic Sustainability of Resource Constrained Enterprises

Abstract

This study examines the mechanisms that link entrepreneurial experience (EE) to sustainable enterprise economic performance and further examines the moderating role of resource constraints on the relationship of entrepreneurs’ industry and market experience on enterprise sustainable economic performance. Resource constraints problems are not linear and need exceptional consideration. The study examines how an entrepreneur’s industry and market experience assist his/her ambition of enterprise economic sustainability in a resource-constrained environment. The study is causal and cross-sectional. A primary research survey was directed by employing structured questionnaires among 348 respondents of micro small and medium enterprises (MSMEs). The data was analyzed using SPSS version 25, and for regression results, Hayes process Macro. Findings suggested that entrepreneurs' experience plays a significant role in the sustainability of enterprise economic performance in the context of resource constraints of MSMEs. The study finds entrepreneurs' experience has a link with enterprise economic sustainability however; the resource constraints suppress business outcomes. This study contributes to the literature on entrepreneurs’ experience on organizations’ economic sustainability. Whereas, resource constraints dampen the business's economic performance. This research recommends the entrepreneur must grow the business in order to develop a network for sustainable enterprise economic performance otherwise the resource constraints will hamper the growth and sustainability of enterprise performance.