An examination of the traits of successful entrepreneurs in Hong Kong: the PAST model

Entrepreneurs have a unique status in Hong Kong, who are seen as world leaders in building and developing its economy. These entrepreneurs constitute a majority of businesses and employ a significant part of the population, thus, they are vital for the economy of Hong Kong. This research looks into and studies this phenomenon to evaluate the various components of the success of these entrepreneurs and to draw conclusions that will benefit the educators, the legislators as well as the new entrants who wish to become entrepreneurs. By interviewing Hong Kong entrepreneurs, it has been found that the main source of entrepreneurial success in Hong Kong is of very complex origin. The Hong Kong’s entrepreneurs seem to succeed, when they are able to blend the best qualities of the East and the West. Based on the research outcomes, the perceptions, achievements, strategies, and traits (PAST) model has been developed to assist Hong Kong entrepreneurs in the future.