The purpose of this paper is to identify human capital factors that pertain both to setting up and successfully running a business. To achieve this objective, the authors apply and extend the theory of career choice offered by Lazear (2005) that explains individual selection into entrepreneurship.,The authors hypothesise that individuals with broader educational and professional backgrounds are more likely to start a business and are more likely to run a business in the long term. The authors tested the hypotheses using unique data from 800 current entrepreneurs, 800 employees who were previously entrepreneurs and 842 employees with no entrepreneurial experience, by means of a logit regression with robust standard errors and extensive robustness checks.,The authors empirically show that individuals with more diverse educational and professional backgrounds tend to have both greater chances of starting a company, as well as a higher probability of entrepreneurial success. Surprisingly, having managerial experience proved to exert a negative influence on the likelihood of starting a business while having an insignificant impact on the odds of entrepreneurial success.,The findings are informative for those planning or pursuing an entrepreneurial career, but they are also relevant for the purpose of entrepreneurship education.,The author's extend the body of research supporting Lazear's (2005) theory by showing that broad education and professional experience not only contribute to a higher propensity to start a company but they are also success factors in business per se.

中文翻译：

---

万事通是成功的企业家吗？回顾拉泽尔的创业理论

本文的目的是确定与建立和成功开展业务有关的人力资本因素。为了实现这一目标，作者应用并扩展了Lazear（2005）提出的职业选择理论，该理论将个人选择解释为企业家精神。有可能长期经营。作者使用来自稳健的标准误差和广泛稳健性检验的logit回归，使用来自800位当前企业家，800位先前为企业家的雇员和842位没有企业家经验的独特数据，对假设进行了检验。作者从经验上表明，具有更多样化的教育和专业背景的个人往往既有更多的机会创办公司，也有更高的创业成功率。令人惊讶的是，事实证明，具有管理经验对创业的可能性产生了负面影响，而对创业成功的可能性却没有显着影响。研究结果对于那些计划或追求创业生涯的人是有益的，但它们也与作者的研究扩展了支持Lazear（2005）理论的研究范围，表明广泛的教育和专业经验不仅有助于建立公司的更高倾向，而且它们本身也是业务成功的因素。