چكيده به لاتين
Despite the efforts of entrepreneurs, a significant number of entrepreneurial businesses fail, resulting in the loss of financial and capital. The analysis of factors affecting the failure of businesses and the costs incurred by entrepreneurs can reduce the likelihood of failure or its consequences. In this research, according to literature review factors influencing the failure are divided to 7 categories of factors related to product, industry, marketing, financial, strategy, team and environment, and also the failure consequences classified into 3 categories of financial, social and psychological costs. The objective failure of the business is measured using income reduction, increased cost, low return on invenstment and the lack of new fund raising. The objective failure of the business is a mediator that describes the impact of factors on the consequences of failure. In order to explain this effect, we use structural equation modelling and the effect of each element in failure and its consequences is extracted. According to the results, weaknesses in the team were identified as the most important factor in the failure of entrepreneurial businesses and then the wrong strategies, faulty marketing, industry difficulty, weakness in product and financial factors were followed. Among the consequences of failure, the highest cost was imposed by psychological costs and then social and financial costs on entrepreneurs.
