Determinants Of Entrepreneurial Intention Research Articles

Analysing the effect of resilience and perceived social environment on university students' intention to start sustainable ventures.

The literature mostly has addressed the determinants of entrepreneurial intention in general and social entrepreneurship, without focusing specifically on sustainable entrepreneurial intention despite it has become highly relevant in addressing environmental degradation and social challenges. This study aims to contributes to the understanding of psychological and social factors that influence sustainable business, evaluating the effect of resilience, subjective norms, and perceived social support on sustainable entrepreneurial intention. We analysed the online survey responses of 433 students from Chile and Ecuador enrolled in business and engineering programs using Partial Least Squares Structural Equation Models (PLS-SEM), moreover, a multi-group analysis (MGA) has been conducted to assess gender differences. The findings have supported the positive effect of psychological resilience and subjective norms on perceived social support, besides, an important effect of social support on sustainable entrepreneurial intention was found. These results offer new evidence regarding the significance of the social environment, support networks, and resilience of university students in fostering the establishment of sustainable businesses with a focus on social well-being and environmental protection in Latin America. This is particularly pertinent as the countries in this region are grappling with social and environmental challenges that could be addressed through sustainable entrepreneurship.

A Mediating Effect of Economic Stability and Market Opportunities on the Relationship between Entrepreneurial Resources and Entrepreneurial Intention

Entrepreneurship plays a crucial role in economic development, particularly in emerging economies like China. Understanding the determinants of entrepreneurial intention is essential for fostering entrepreneurship and driving economic growth. This study investigates the mediating role of economic stability and market opportunities in the relationship between entrepreneurial resources and entrepreneurial intention, focusing on the contrasting environments of Sichuan and Shanghai in China. Drawing on resource-based view theory and opportunity recognition theory, this research proposes a conceptual model that posits entrepreneurial resources as antecedents to entrepreneurial intention, with economic stability and market opportunities as mediating variables. Data were collected through structured surveys from a sample of entrepreneurs in Sichuan and Shanghai. Preliminary findings suggest that entrepreneurial resources positively influence entrepreneurial intention, and this relationship is partially mediated by economic stability and market opportunities. The contrasting economic landscapes of Sichuan and Shanghai provide a unique context for understanding how regional differences impact the relationships among these variables. This study contributes to the entrepreneurship literature by providing empirical evidence on the mediating mechanisms through which economic stability and market opportunities influence the relationship between entrepreneurial resources and entrepreneurial intention. The findings offer practical implications for policymakers and practitioners seeking to enhance entrepreneurial ecosystems and promote sustainable economic development in different regions of China. Further research could explore additional contextual factors and expand the scope to other regions or countries for comparative analysis.

Entrepreneurship among Social Workers: Implications for the Sustainable Development Goals

The study’s objective is to analyze the entrepreneurial intentions of social workers and their impact on the SDGs. Furthermore, it seeks to explore social workers’ perceptions and attitudes towards entrepreneurship. Thus, this research aims to answer the following research questions: How do entrepreneurial intentions among social workers influence their contribution to achieving the Sustainable Development Goals (SDGs), and what are the implications of these intentions for social work practices and policies within the framework of sustainable development? Based on a quantitative approach, this study leverages microdata from the 2018 Global Entrepreneurship Monitor (GEM) survey. The dataset includes responses from 4545 social workers across 30 high-income countries. The study employs logistic regression analysis as the primary statistical method to delve into the determinants of entrepreneurial intentions among social workers within this diverse international sample. Key findings indicate that the aspiration to establish a future business is a significant factor, underscoring the importance of entrepreneurial intention in this context. Additionally, social workers in the private sector exhibit a greater predisposition to entrepreneurship compared to their public sector counterparts. The study’s implications for the SDGs are substantial, as promoting entrepreneurship among social workers can contribute to economic growth, poverty reduction, and reduced inequalities (SDGs 1, 8, and 10). It also emphasizes the importance of access to entrepreneurial education, sustainable job creation (SDG 4 and 8), and the development of partnerships among academic institutions, social assistance organizations, and entrepreneurial entities (SDG 17). Furthermore, the research highlights the significance of gender equality and access to entrepreneurial resources (SDGs 5 and 9) in fostering entrepreneurship among social workers.

Self-efficacy, Perceived Relational Support and Entrepreneurial Education as Determinants of Entrepreneurial Intention among Undergraduates of University of Ibadan, Nigeria

The study investigated the relationship between Self-efficacy, perceived relational support, entrepreneurial education and Entrepreneurial Intention among undergraduates of University of Ibadan.. The study adopted a descriptive survey research design of correlational type. A total of two hundred (200) undergraduates from nine (9) different faculties from University of Ibadan were selected using simple random sampling techniques. Three research questions were raised and answered for the study. Validated and standardized instruments were used to collect the data. Data collected were analysed using the Multiple Regression Analysis and Pearson Product Moment Correlation at 0.05 level of significance. The result showed that self-efficacy (r = .324, p<0.05), perceived relational support (r = .525, p<0.05) and entrepreneurial education(r = .420, p<0.05) positively and significantly correlated with entrepreneurial intention. There was joint contribution of the independent variables (Self-efficacy, Perceived relational support and Entrepreneurial education) to the dependent variable. i.e.(entrepreneurial intention) (F(3,196)= 98.457; p<0.05 and Adjusted R2=.595. It was further revealed that each of the independent variables contributed to the dependent variable in this order: self-efficacy (b=0.231; t = 4.580; p<0.05), perceived relational support (b=0.588; t = 12.5139; p<0.05) and entrepreneurial education (b=-0.629; t = 12.635; p<0.05). Based on the findings, it was recommended that, by fostering self-efficacy skills, strengthening relational support networks, and integrating relevant entrepreneurial education initiatives in the university curriculum, the university can effectively promote entrepreneurial intention among her undergraduates. Keywords: Self-efficacy; Perceived relational support; Entrepreneurial education entrepreneurial intention

Exploring The Impact of Entrepreneurship Education: A Study on Entrepreneurial Intentions in Turkish Universities

Objectives: Entrepreneurship education serves as a key driver within the entrepreneurial ecosystem, equipping individuals with the essential knowledge, skills, and resources to fuel job creation and economic expansion. Recognizing this vital role, this study aims to delve into the intricate relationship between entrepreneurship education and the cultivation of entrepreneurial intentions within the context of Turkish universities. Specifically, it focuses on the distinct yet interrelated functions of lecturers, course content, and university policies in shaping students' aspirations for entrepreneurship.
 
 Design/methodology/approach: The foundation of this study is rooted in Resource-Based Theory, which emphasizes the pivotal significance of resources, skills, and capabilities in fostering competitive advantage. Building upon this theoretical framework, this study takes on human capital as a resource and adopts a quantitative approach to unravel the multifaceted dynamics between entrepreneurship education and students' entrepreneurial intentions. An extensive online survey is conducted among a diverse group of students from various Turkish universities. Hierarchical regression analysis is employed to unveil the individual roles of lecturers, course content, and university policies in nurturing students' entrepreneurial intentions.
 
 Results: Empirical evidence highlights the substantial influence of entrepreneurship education on students' entrepreneurial intentions. The outcomes indicate the significance of entrepreneurship lecturers, course content, and university policies as influential determinants of entrepreneurial intentions. Notably, among these factors, the influence of university policies emerges as the utmost driving force behind entrepreneurial intentions. This finding underscores the pivotal role of well-designed institutional policies in fostering an environment conducive to effective entrepreneurship education and subsequently nurturing and cultivating entrepreneurial intentions.
 
 Practical implications: This study provides practical insights for institutions and policymakers, urging institutions to craft strategies to foster an atmosphere that drives students toward entrepreneurial activities. By understanding how entrepreneurship education, particularly concerning lecturers, content, and policies, influences entrepreneurial intentions, institutions can tailor their curricula and support systems to not only promote entrepreneurship but also foster a culture of entrepreneurial intent.
 
 Originality/value: This study pushes the boundaries of existing knowledge by illuminating the relatively unexplored yet crucially important crossroads of entrepreneurship education and entrepreneurial intentions with respect to Turkish universities. Moreover, the study adds an important perspective by focusing on analyzing the viewpoint of students, an area that has been relatively under-researched. This endeavor recognizes students as the primary beneficiaries of entrepreneurial education and consequently, a deeper exploration of their experiences and perceptions holds immense promise for enriching our understanding of the educational process's impact. By investigating the roles of lecturers, course content, and university policies, this research unravels the intricate mechanisms through which entrepreneurship education molds entrepreneurial intentions. Notably, given the limited scope of prior research on the influence of policies in Turkish universities, the distinct emphasis placed on policy impact in this study stands out as a noteworthy contribution.

ENTREPRENEURIAL EDUCATION, UNIVERSITY ENVIRONMENT AND FAMILY SOCIAL CAPITAL AS DETERMINANTS OF ENTREPRENEURIAL INTENTION

ABSTRACT The knowledge, skills, competencies and skills required for entrepreneurship are tools that can be provided through entrepreneurial education. In this research, entrepreneurial intention in university students has been little explored, even though it is viewed as an important potential in business activity. The objective of this study is to identify and analyze whether entrepreneurial education, the university environment and family social capital are determinants of entrepreneurial intention. A study was carried out with a quantitative approach and a cross-sectional design, using the multivariate analysis of linear regression and the analysis of variance (ANOVA) of one factor. A random survey was applied to 384 university students from the southwest of the state of Guanajuato, through google forms. Only 318 surveys were validated, of which 49.4% are of a Higher Technical University level, 33.6% of a bachelor's degree and 17% of engineering. The findings show that entrepreneurial education helps in the development of the initiative in (4.28), the university environment identifies business opportunities (4.19) and the family union promotes entrepreneurship (4.59). In this same sense, six out of 10 students intend to start their own company when they finish their studies. Therefore, a higher positive correlation is observed between the university environment and entrepreneurial education (0.673). The results allow us to affirm that, in the case of men, the university environment has a greater significant influence on their intention to undertake, and for women, entrepreneurial education has a significant impact on their intention to undertake. Finally, family social capital is more favored in the case of men than women. The study has important implications for higher education institutions in terms of analysis, design, and management of entrepreneurial intent. Keywords: entrepreneurial intention, entrepreneurial education, university environment, family social capital.

Determinants of Entrepreneurial Intention Among Students: Perceived Role of the Academic and Socio- Institutional Environment

This article aims to analyze the influence of the academic and socio-institutional environment on the entrepreneurial intention of students in Benin. Using the snowball sampling technique, data collection was carried out based on a questionnaire distributed to a sample of 325 students from public and private universities in Benin. The estimation of the ordered logistic regression model with STATA 13 shows that the entrepreneurial intention of students in Benin is characterized by entrepreneurial education, innovation, and risk propensity. Moreover, unlike government support, variables related to perceived cultural norms and social legitimacy of entrepreneurship negatively moderate the effect of entrepreneurship education on students’ entrepreneurial intention in Benin. As a contribution to the literature, this paper shows the crucial role of students’ education in the acquisition of entrepreneurial skills that enhance entrepreneurial capacity and lead them to develop skills that help them start businesses.

The Effect of Entrepreneurial Marketing Education on The Determinants of Students' Entrepreneurial Intention

Entrepreneurial Marketing (EM) is crucial in today’s business landscape as it enables businesses to adapt quickly, optimize resources, focus on customers, drive innovation, embrace digital transformation, facilitate growth, and build strong brands. It was adopted by several enterprises across divers sectors and have greatly influenced upon EM Education (EME). This latter was seen as an interesting course, which develops students' Entrepreneurial Intention (EI). The present work aims to examine the effects of EME on students' EI determinants. Data were collected from 285 Tunisian Entrepreneurship Master Students, and the results were analyzed using structural equation modelling (AMOS.18 and SPSS.20). We founded that EME influences positively students' EI determinants. Technology related to Marketing, EM Strategies and Practices, Networking and Exposure to Entrepreneurs affected positively Perceived Desirability (PD) and Perceived Feasibility (PF) as EI determinants. This work is one of the rarest research going over EME contribution to rise students' EI Influential factors. It contributes in extending EME literature. It covers pedagogical and practical gaps in EME to develop valuable entrepreneurial skills.

From Belief to Business: Cultivating the Impact of Intrinsic Religiosity on Entrepreneurial Intentions via Meaning in Life and Entrepreneurial Self-Efficacy

This study is an attempt to explore the determinants of entrepreneurial intentions based on intrinsic religiosity. Religion plays a vital role in the lives of its followers, and it tends to develop a business mindset among individuals. There is a dearth of studies on the impact of religion on entrepreneurial intentions, especially in the Pakistani context. The study's novelty is to explore this less-discussed relation between religion and inclination towards business by using social cognitive theory. This relationship is mediated by two variables, which are meaning in life and self-efficacy. Both mediators are antecedents of intrinsic religiosity and precedents of entrepreneurial intentions. For this purpose, the data was collected from 410 postgraduate students of three Pakistani universities, who are studying in their final semesters. Furthermore, this study employed WarpPLS to analyze the data. The findings of the paper revealed that religion plays an important role in developing entrepreneurial intentions. This research has theoretical contributions as well as managerial implications. Theoretically, it contributes to the literature of social cognitive theory and adds knowledge to the religious dimension. Practically, it guides government and institutional managers that for the development of entrepreneurial intentions among individuals they can also consider the religious curriculum and practices for developing their business.

Perceived behavioral traits as key determinants of entrepreneurial intention in higher education institutions

This article examines how a business school's environment encourages the formation of entrepreneurial intentions among its students. Building on insights from the theory of planned behaviour and the business event model, a structural equation model was applied on a sample of 283 Costa Rican university students. The main results of the study suggest that the entrepreneurial training provided by the business school contributes to improve students' entrepreneurial intentions. However, this effect develops through an indirect mechanism: that is, entrepreneurial training positively influences students’ attitudes toward entrepreneurship which, in turn, impact students’ perception on entrepreneurial self-efficacy. The proposed model rooted in cognitive frameworks allows business schools, and higher education institutions in general, to measure and evaluate the effectiveness of their entrepreneurial training programs in promoting entrepreneurial intentions.

A Factual Analysis of the Causal Effect of Sociocultural and Political Factors on Entrepreneurial Intention: Insights from Nigeria

The paper presents a factual analysis of the sociocultural and political determinants of entrepreneurial intention with insights from Nigerian society to provide an understanding of their manifestations and causal effect on entrepreneurial intention. The objective is to validate the provisional understanding of the effect of sociocultural and political factors on entrepreneurial intention provided in the literature. In consonance with the objective a systematic review of the literature was carried out to search for pertinent factors using web based search engines, and several scholarly articles were isolated and examined. Topic search was used to identify articles on sociocultural factors in connection with entrepreneurial intention using their titles, abstracts, and keywords. It attempted, through an extensive literature review, to provide an integrated view for a more comprehensive understanding of sociocultural factors and entrepreneurial intention; and the key sociocultural factors that lead members of society to become entrepreneurs. For robustness, an extensive search for relevant literature was undertaken through a continuous filtering process and 134 articles dealing with sociocultural and/or political determinants of entrepreneurial intention were obtained. The factual analysis of the Nigerian context provided evidence that confirm the theoretical postulations in the articles reviewed. Evidently, all the sociocultural factors and political factors have some direct or indirect influence on entrepreneurial intentions in Nigeria. However, some of them only have modest influence. The strongest and most direct factual evidence was shown in unemployment, work experience, family values and ethnic values, while the weakest and most indirect influence was shown as religious values, social recognition and status, and social security. The effects of peer influence, social network, and job displacement are considered to be relatively weak. Essentially, however, the Nigerian experience and cases argued in this paper provides clarity to the hitherto provisional understanding of how entrepreneurial intention is affected and influenced by the sociocultural experience of a people.

Determinants of entrepreneurial intentions in European sports science students: Towards the development of future sports entrepreneurs

This study aims to analyse the determinants of sport science students’ entrepreneurial intentions considering the cultural effect on these relationships. The sample comprises 764 final-year sport science students from five European countries: Lithuania, Spain, Ukraine, Serbia, and Croatia. A validated structured questionnaire was used to collect the data. The results showed significant direct effects between attitude towards behaviour and perceived behavioural control in sport science students’ entrepreneurial intentions in all countries. Entrepreneurial skills presented an indirect impact (through attitude and perceived behavioural control) on all countries’ entrepreneurial intentions. However, the importance of each of these variables in explaining entrepreneurial intentions varied according to the students’ national culture. This study presents a series of educational policy implications to improve sports science students’ employability by developing their entrepreneurial spirit.

Does Entrepreneurial Self-efficacy Matter on Professional’s Entrepreneurial Intention?

This study aims to investigate determinants of entrepreneurial intention (EI) consisting of entrepreneurial education (EE), entrepreneurial self-efficacy (ESE) and entrepreneurial attitude (EA) of professional pharmacists within Greater Jakarta of Indonesia by referring to the theory of planned behaviour (TPB). Research on EI and its determinants in specific business fields with pharmacists as research subjects have not been widely revealed. This investigation uses quantitative approach with a cross-sectional survey model. The population of this study is all pharmacists registered within the Indonesian Pharmacists Association (IAI), and we obtained 391 sample based on the Slovin formula (error 5%). This research used a proportional random sampling and was analyzed undergoing Structural Equation Modelling (SEM-Lisrel). The results showed significant positive impact of EE, ESE, and EA on EI. Likewise, EE, ESE has a significant positive effect on EA. Therefore, EA can play as mediator (partial mediating) to the relationship of ESE and EI but not so with EE and EI. This study succeeded in explaining the role of ESE as a dominant factor in informing EI. The paper provides evidence and these findings are of interest to business, academia and policy makers.

Prior entrepreneurship exposure and work experience as determinants of entrepreneurial intentions among South African university of technology students.

This study used the theory of planned behaviour to investigate the effects of prior entrepreneurship exposure and work experience on entrepreneurial intentions among students at a South African university of technology. Data was gathered using an online survey questionnaire and convenience sampling. The online survey was completed by 301 entrepreneurship diploma students from the Tshwane University of Technology, and the data were analysed using Smart-PLS 4. The findings of this study revealed that prior work experience has a positive and statistically significant relationship with subjective norms and an insignificant relationship with perceived behavioural control, attitude towards behaviour and entrepreneurial intentions. Prior entrepreneurship exposure had a negative but statistically significant relationship with entrepreneurial intentions, subjective norms, attitude towards behaviour and perceived behavioural control. The relationship between prior entrepreneurship exposure and entrepreneurial intentions was partially mediated by subjective norms, attitude towards behaviour and perceived behavioural control. The findings further revealed that perceived behavioural control, subjective norms and attitude towards behaviour had a positive and statistically significant relationship with entrepreneurial intentions. The study tested the effects of both prior entrepreneurship exposure and work experience on entrepreneurial intentions and its antecedents which have not been explored fully in previous research. Thus, the study advances the theory of planned behaviour as a model for testing the role of prior entrepreneurship exposure and work experience in the formation of entrepreneurial intentions in the South African context.

Determinants of Entrepreneurial Intention in Gender Perspective: Evidence from Indonesia

This study aims to investigate entrepreneurial intention and its determinants in a gender perspective of professional pharmacists within the Greater Jakarta of Indonesia by referring to the theory of planned behavior (TPB). Research on entrepreneurial intention and its determinants in the field of ‘pharmapreneurship’ with professional pharmacists as research subjects is still not widely revealed. This research uses a quantitative approach with a cross-sectional survey model. The population of this study is all pharmacists registered with the Indonesian Pharmacists Association (IAI) in the area of the Greater Jakarta of Indonesia. Based on the Slovin formula (error 5%) obtained a sample number of 391 pharmacists, with proportional random sampling. The Independent t-test was conducted to investigate mean differences of the EI and its determinants between male and female of professional pharmacists. The results showed that the mean difference on entrepreneurial intention (EI), entrepreneurial attitude (EA) and entrepreneurial self-efficacy (ESE) between male and female of professional pharmacists are significantly rejected except for entrepreneurial education (EE). The paper provides evidence that equality between gender settings need to be considered in the design and delivery of the determinants except EE if they are to have the desired impact on entrepreneurial intention. The research findings are of interest to business, academia and policy makers.

Entrepreneurial Intention of Saudi Women in the Covid-19 Pandemic Era: The Role of Personality Traits

Purpose: This study examines the relation between personality traits and entrepreneurial intention among Saudi women during the COVID-19 pandemic era (c. 2020-2022). Theoretical framework: Previous studies indicate that personality traits can stimulate entrepreneurial intention (EI). This study examines the relationships between personal traits in terms of three major dimensions: risk-taking (RT), need for achievement (NfA), locus of control (LoC), and EI. Design/methodology/approach: This study applied a quantitative research method. A total of 919 electronic questionnaires were received from Saudi women via non-probability sampling using emails and social media. Findings: The results showed that the studied personality traits (LoC, NfA, and RT) can positively affect entrepreneurial intention of Saudi women. Research, Practical & Social implications: Entrepreneurship has attracted research interest due to its great role in development and economic growth. Therefore, the study of the factors that stimulate people to become entrepreneurs has been of a great interest to many researchers. The findings of this study provide insights about the mechanisms of promoting female entrepreneurial intention in Saudi Arabia. Originality/value: Few studies have examined personality traits, including LoC, NfA, and RT as determinants of EI. The current study addresses this research gap by examining the relationship between these personality traits and entrepreneurial intention among Saudi women during the COVID-19 pandemic era in Saudi Arabia.

Bibliometric Analysis of Determining Factors in Entrepreneurial Intention

In entrepreneurship, its various theories and elements gain importance in the academic community for the orientation in the professional and entrepreneurial training processes that are being carried out by higher education institutions HEIs. Therefore, this paper provides a systematic review of the published literature based on the determinants of entrepreneurial intention. To that end, an analysis was conducted using bibliometric and network indicators within the Scopus data source, which was restricted to objective search criteria. The main findings show that, since 1943, certain success factors such as: attitude, learning, behavior, economic growth, education, value creation, incubation resources, personality traits, and entrepreneurial intentions have been linked.
 
 Received: 23 November 2022 / Accepted: 22 January 2023 / Published: 5 March 2023

Personality traits, entrepreneurial self-efficacy, and entrepreneurial intention among vocational students

<span lang="EN-US">Entrepreneurship in technical and vocational education is a current and relevant topic. While the role of entrepreneurial self-efficacy (ESE) and personality traits as determinants of entrepreneurial intention (EI) has been extensively studied, the role of ESE and personality traits as determinants of vocational students’ EI is still poorly understood. Thus, this study employed ESE and big five personality traits to explore the determinants of EI among vocational college students. This study’s survey had a sample size of 162 technical vocational education and training (TVET) college students, enrolled in technology in automotive, technology in welding, and technology in refrigeration and air conditioning programs. Data were analyzed using Pearson Correlation and Multiple Linear Regression. The results indicate that apart from neuroticism, openness to experience, conscientiousness, agreeableness, and extraversion were positively associated with EI. The results also confirm that ESE is a predictor of EI. Going forward, the article intends to contribute to a better understanding of ESE and personality traits that influence vocational students’ EI, as well as provide some important insights into the unique aspects of TVETs that empower youth to actively participate in micro-entrepreneurial initiatives. This study encourages academics and policymakers to reconsider the approach used in entrepreneurship education in the vocational setup.</span>

Institutional and individual determinants of entrepreneurial intentions: evidence from developing and transition economies

This study aims to examine the effect of institutions on entrepreneurial intentions, the mediation of individual motives in this relationship, and the moderating effect of the country. We tested a sample of 678 questionnaires using quantitative research methods. We used confirmatory factor, correlation, multiple regression, mediation, and moderated mediation analyses to analyze the data. Findings show that normative institutions affect entrepreneurial intentions in Turkey and Kosovo. They also reveal that the personal attitude, subjective norm, perceived behavioral control, and need for achievement have a full mediation relationship between regulatory institutions and entrepreneurial intentions and a partial mediation relationship between normative and cultural-cognitive institutions and entrepreneurial intentions. Finally, we found no moderating effect of the country in the relationship between institutions and entrepreneurial intentions. The study contributes to the literature and provides policy and managerial implications on the macro and micro factors that affect entrepreneurial intentions in developing and transition economies.

Psychological and sociological determinants of entrepreneurial intentions and behaviors.

Research concerned with the personality of entrepreneurs entails an important part of the research into the management of small and medium-sized enterprises and entrepreneurship. This research has added new knowledge about the role of entrepreneurs' personality characteristics, their family entrepreneurial background, and the local supportive entrepreneurial background in entrepreneurial start-up intentions and behaviors. Hypotheses and a model were developed and verified using structural equation modeling and regression analysis considering data from a sample of entrepreneurs and students. This research revealed that several personality and sociological factors can be important for entrepreneurship when it comes to starting a business. The most important were the Big Five personality factors openness, extraversion, and non-agreeableness and, to a smaller extent, emotional stability (non-neuroticism), and conscientiousness. The second-most important group of factors were the specific motivational characteristics entrepreneurial self-efficacy, internal locus of control, and risk-taking propensity. Sociological factors were much less important than psychological elements for establishing business.