What's holding back aspiring entrepreneurs from turning ideas into action?
Mojca Svetek | 20 September 2023
When did you realize that you wanted to start your own business? Was it a month ago, a year ago, or perhaps three years ago? If you’ve taken concrete steps towards launching your own venture, congratulations – you’re in the minority. Fewer than a third of those who claim they want to become entrepreneurs actually take a single step towards becoming entrepreneurs.
Curious about what sets apart those who turn entrepreneurial intention into an entrepreneurial career? Tune into this episode where we are going to explore:
- The gap between entrepreneurial intention and entrepreneurial action;
- The role of entrepreneurial self-efficacy;
- How entrepreneurs are portrayed in media and how this can affect one’s entrepreneurial self-efficacy;
- Predictors (and strategies) of turning entrepreneurial intentions into an entrepreneurial career.
Research articles:
- Dempsey, D., & Jennings, J. (2014). Gender and entrepreneurial self-efficacy: a learning perspective. International Journal of Gender and Entrepreneurship, 6(1), 28-49.
- Erikson, T. (2003). Towards a taxonomy of entrepreneurial learning experiences among potential entrepreneurs. Journal of Small Business and Enterprise Development, 10(1), 106-112.
- Farooq, M. S., Salam, M., ur Rehman, S., Fayolle, A., Jaafar, N., & Ayupp, K. (2018). Impact of support from social network on entrepreneurial intention of fresh business graduates: A structural equation modelling approach. Education+ Training, 60(4), 335-353.
- Gielnik, M. M., Barabas, S., Frese, M., Namatovu-Dawa, R., Scholz, F. A., Metzger, J. R., & Walter, T. (2014). A temporal analysis of how entrepreneurial goal intentions, positive fantasies, and action planning affect starting a new venture and when the effects wear off. Journal of Business Venturing, 29(6), 755-772.
- Kaiser, F. G., Byrka, K., & Hartig, T. (2010). Reviving Campbell’s paradigm for attitude research. Personality and Social Psychology Review, 14(4), 351-367.
- Quan, X. (2012). Prior experience, social network, and levels of entrepreneurial intentions. Management Research Review, 35(10), 945-957.
- Ruiz-Palomino, P., & Martínez-Cañas, R. (2021). From opportunity recognition to the start-up phase: the moderating role of family and friends-based entrepreneurial social networks. International Entrepreneurship and Management Journal, 17(3), 1159-1182.
- Sheeran, P., & Webb, T. L. (2016). The intention–behavior gap. Social and Personality Psychology Compass, 10(9), 503-518.
- Townsend, D. M., Busenitz, L. W., & Arthurs, J. D. (2010). To start or not to start: Outcome and ability expectations in the decision to start a new venture. Journal of Business Venturing, 25(2), 192-202.
- Van Gelderen, M., Kautonen, T., & Fink, M. (2015). From entrepreneurial intentions to actions: Self-control and action-related doubt, fear, and aversion. Journal of Business Venturing, 30(5), 655-673.