Creating Direct Experience as a Modern Entrepreneur and Passing on Success from the Best Practice to a Stable and Sustainable Career

Abstract

This research aimed to achieve three primary objectives: 1) to explore the components and processes involved in creating firsthand experiences for modern entrepreneurs, allowing them to either establish new businesses of interest or enhance existing ones to increase sales and revenue; 2) to develop a framework; and 3) to implement and test this framework in creating firsthand entrepreneurial experiences that transition success from best practices to stable and sustainable careers. The research was conducted in three phases corresponding to the objectives set forth. The findings of the study revealed that the developed framework for creating firsthand experiences for modern entrepreneurs comprises four main components, along with five procedural steps. Overall, the developed framework was rated as “most appropriate,” and the satisfaction concerning the experiential entrepreneurship program was rated as “highest satisfaction,” with an average score of 4.57. Participants in the program successfully generated career opportunities and increased their income, as evidenced by 11 collaborative business groups formed, each consisting of 3-6 members. This demonstrates that the developed model effectively contributes to the professional development of entrepreneurs.