Success Factors of Youth Entrepreneurship Projects based on Fuzzy Analytic Hierarchy Method on the Example of Kazakhstan

Abstract

The article discusses the different factors that contribute to the success of youth entrepreneurship projects. The research conducted was a systematic review of various research articles that involved the use of keywords such as "youth entrepreneurship", "youth entrepreneurship success", and "entrepreneurial intention". The systematic review helped in categorizing the factors into major groups or areas of influence that affect the success of youth entrepreneurship. These factors have been categorized into five groups based on their role in the creation of such projects. The groups include young entrepreneurs, government, business environment, educational organizations, and the financial sector. Each group consists of 7 to 10 factors that impact the development and successful implementation of a young entrepreneur's project. Although the government, educational organizations, financial sector, and business environment are all important factors that affect young entrepreneurs, a recent review has shown that it is also important to study the personal characteristics of these individuals. This is because many of the traits that lead to success in entrepreneurship develop at a young age, before someone even begins their entrepreneurial journey. The article aims to build a list of important factors based on the group “young entrepreneurs “ and role in the project's creation. Using the fuzzy analytic hierarchy method, the article identifies the crucial factors for the development of youth entrepreneurship projects in the "Young Entrepreneur" group. These factors include cognitive capital, non-cognitive capital, human capital, entrepreneurial intentions, family support/help in running the business, and availability of a business plan.