Correlation between background education, willingness to invest into new technology, and success factors of heavy-duty transportation: crane rental business in Samut Sakhon, Thailand

. This research aims to observe and analyze Correlation between Background Education, Willingness to invest into New Technology, and Success Factors of Heavy-Duty Transportation: Crane Rental Business in Samut Sakhon. This research applies the quantitative research method, purposive sampling, the data was collected using reviewed questionnaire. The questionnaire dived into 3 parts: Demographic of the business operators, business background information and perception of the business operators toward future investment. Data collected from 120 crane rental business owner, or management team with least five years-experience in crane renal business. All educational background is positively related. There is no significant correlation between background education and year in business, size of the business and total employee. There is significant correlation between year in business, size of the business and total employee. The respondents agree to invest of all aspect in business. There is significant positive correlation between willingness to invest on human resources management and year in business. There is significant positive correlation between willingness to invest on management technology and total employee.


Introduction
Samut Sakhon Province is a seaside province, located on the banks of the Tha Cheen River and the mouth of the Gulf of Thailand, located in the Lower Central Region of Thailand. It is located in Bangkok metropolitan province, located about 30 kilometers from Bangkok along the highway. It has an area of 872.347 km²(Samut Sakhon provincial office, 2021). Currently, the population according to the Civil Register of Samut Sakhon Province as of August 31, 2021 totals 585,685 people (Samut sakhon provincial office, 2021).
Heavy-Duty Transportation in this study refers to the business that provide heavy duty truck with to move construction material like asphalt, tools, or rubble from one location to another (saloodo.com, 2020). Crane rental business is related to general industrial plant business, construction business and machinery related business. Crane operators must be trained for at least one year with sufficient knowledge and skills to operate safely. The main task of the truck crane rental business is to use trucks equipped with cranes to lift or move large items.
Samut Sakhon province is the centre of manufacturing industry. There is a steady increase in investments annually. The building materials transportation business is one of the major supply chains that is growing along the way.
Research objectiveis to observe and analyze Correlation between Background Education, Willingness to invest into New Technology, and Success Factors of Heavy-Duty Transportation: Crane Rental Business in Samut Sakhon.

Success factors
The researchers apply the year in operation based on concept of business failure rate to define success. Most businesses will fail in their first year of operation and the failure rate will continue to decline, the business, which can operate for more than 5 years, is likely to succeed.
The new business survives its early years vary a lot by sector. In order from highest to lowest five-year survival rates, the sectors are: mining (51.3 percent), manufacturing (48.4 percent), services (47.6 percent), wholesaling and agriculture (47.4 percent), retailing (41.1 percent), finance, insurance, and real estate (39.6 percent), transportation, communications and utilities (39.4 percent), and construction (36.4 percent) (Shane, 2020).

Demographic of Business Operator
Humans consist of two genders, namely male and female. Several research results prove the positive influence of gender on business success (Soomro, 2019) Several studies have proven that age determines business success. Age must be used when conducting demographic analysis. Age shows how old a person is. Age can also indicate the level of human maturity. In business, age is seen as the length of time a person takes to live, reach maturity and be successful.
Many studies support that working experience related to business success. Individuals must engage in entrepreneurial processes in order to gain experiential knowledge (Lackéus, 2011), Managerial skills and competences, experience(George Saridakis, 2008) often called 'learning by doing' (Cope, 2000) Entrepreneurship education is driven by experience more than by systematic teaching approaches (Fayolle, 2008).
Education is guiding, giving knowledge and skills to someone through various ways to become intelligent and skilled in a certain period. The period in question can be in years, months or days. (Singh, 2015)showed that education determines business success

Willingness to invest into new technology
Technology is an essential part of any business success. Business

Research Method
This research applies the quantitative research method, purposive sampling, the data was collected using reviewed questionnaire. The questionnaire dived into 3 parts: Demographic of the business operators, business background information and perception of the business operators toward future investment. Data collected from 120 crane rental business owner or management team with least five years-experience in crane renal business. G*Power 3 (Faul, 2007)refers to the statistical power analysis program for the social sciences, selecting the proper sample size based on statistical analysis.
Sample size calculated from G power 3.1.9, Pearson correlation, power 0.90, error 0.5, the sufficient sample size must be greater than 93.
Three academics in social science adequately reviewed the questionnaire and approved from IRB Institutional Review Board. The questionnaire was framed on a five-point Likert scale ranging from rating 1 (strongly disagree) to rating 5 (strongly agree) (Toor, 2021: Ushakov et al., 2022a) was used to collect data divided into two parts: the demographic of individuals and business operating. Data were analyzed using the descriptive, Logistic regression, Pearson correlation. Most of the respondents are male, age between31-45, and undergraduate educational background. The business is located close to community, sole propriety. Most respondents had an average age of 37 years, and an average of 8 years of work experience, and an average business operation. 10 years, average business size of 835 square meters, average staffing of no more than 10 people, and large capital investments.  N 120 120 120 120 120 120 120 120 120 120

Research Result
All educational background is positively related. There is no significant correlation between background education and year in business, size of the business and total employee. There is significant correlation between year in business, size of the business and total employee. The respondents agree to invest of all aspect in business Table 6. Correlation between Willingness to invest on business, year in business, and Size of the company.  N 120 120 120 120 120 120 120 120 120 120 There is significant positive correlation between willingness to invest on human resources management and year in business.
There is significant positive correlation between willingness to invest on management technology and total employee.

Conclusion
Most of the respondents are male, age between 31-45, undergraduate educational background. The business is located close to community, sole propriety. Most respondents had an average age of 37 years, and an average of 8 years of work experience, and an average business operation. 10 years, average business size of 835 square meters, average staffing of no more than 10 people, and large capital investments. Most respondents have a good educational background.
All educational background is positively related. There is no significant correlation between background education and year in business, size of the business and total employee. There is significant correlation between year in business, size of the business and total employee.
The respondents agree to invest of all aspect in business. There is significant positive correlation between willingness to invest on human resources management and year in business. There is significant positive correlation between willingness to invest on management technology and total employee.