The roles of passion for inventing and the ability to recognize opportunities in business planning success

The foundation and essence of a successful start-up lies in its business plan and can be translated as the articulation of an entrepreneur’s intentions. This outcome is influenced by many factors and lets curiosity arising in regards what lets a business plan stand out from its competitors. Prior research has analysed what impact the possession of entrepreneurial passion has on start-ups and how the ability to recognize new opportunities influences early-stage entrepreneurship. However the interplay of these two variables, and whether this interplay is beneficial for business planning success has not been illustrated in depth yet, hence it constitutes the purpose of this study.