The Role of Government Support and Networking on Business Success Among Beginner Entrepreneurs Fostered by Jakpreneur

Abstract

To encourage the economic activity of a community, a mechanism is needed that is supported by the government and other relevant agencies so that it has a regulatory foundation and some facilities needed by new entrepreneurs. One of the programs is Jakpreneur, which is organized by the government of Jakarta Special Region to be a home for MSMEs in Jakarta and the surrounding. Related to this Jakpreneur, a study was conducted about the influence of government support, networking, and entrepreneurial knowledge on business success, among micro, small, and medium-scale businesses fostered by the program. The sampling technique was purposive sampling involving a total of 100 beginner entrepreneurs who are the members of Jakpreneur as respondents. Hypothesis testing used a structural regression approach with data processing using the software of Smart-PLS version 3.0. The result shows that government support and networking have a significant effect on business success at the 5% significance level, while entrepreneurial knowledge does not have a significant effect. The higher educational institutions can collaborate to provide an entrepreneurial ecosystem with the Jakpreneur through training and mentoring entrepreneurs so that they can sustainably manage their business.