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Abstract
Today, entrepreneurial activities represent one of the main sources of economic growth and employment creation. Therefore, it is of great importance to review the main factors that influence their success or failure and how the tools of strategic direction can impact your profits. Accordingly, a study was developed, based on the documentary review of articles related to the research topic, supported by highly recognized scientific databases. The results provided an overview of the phenomenon of creation and closure of business in Colombia, including progress related to the orange economy sector, recently promoted by the national government. Hence, it is concluded that new entrepreneurs have very particular characteristics that generate a differentiating factor compared to others, such as their age, their initiative towards innovation, the use of new technologies, the interdisciplinarity of their knowledge, among others.