The Influence of Some Personality Factors on Entrepreneurial Intentions
Owoseni, Omosolape Olakitan
Abstract
This study investigated the role of some personality variables on entrepreneurial intentions. The objectives of this
study were to examine whether there would be a significant relationship between achievement motivation and
entrepreneurial intentions and self- efficacy and entrepreneurial intentions. The study employed survey research
design and primary data was collected using questionnaires from two hundred and twenty-eight respondents. The
findings of the study revealed that there is a significant relationship between achievement motivation and
entrepreneurial intentions (r=.476, N=228; p<.05) and also between self- efficacy and entrepreneurial intentions
(r=.548, N=228; p<.05). Based on the findings of the study, it was recommended among others that
entrepreneurs should check the level of risk involved in a business before venturing into it so as to avoid and
minimize future losses. Also, people are creative and with high level of innovativeness should be encouraged to
start their own business in order to reduce the rate of unemployment.
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