Entrepreneurial personality is a complex and multifaceted construct. Personality traits such as innovation, creativity, or self-efficacy affect motivation, opportunity awareness, decision-making skills, and risk tolerance, which are necessary for an entrepreneur to achieve success.
- Entrepreneurial personality traits are essential for those with high levels of risk tolerance and social intelligence.
- Not a single personality type is prevalent among entrepreneurs, but they all have certain characteristics in common.
- Entrepreneurs are not only interested in personality traits but also in understanding how individual differences can contribute to business success.
Entrepreneurial personality is a complex and multifaceted construct. Psychological traits such as personality, intelligence, and individualism have long been touted as key success factors in entrepreneurship. This article discusses the nature of the association between different facets of entrepreneurial personality and psychological traits and reviews how these relationships impact entrepreneurs’ performance. Specifically, this article focuses on how entrepreneurial personality traits (such as innovativeness, intuitiveness, risk-taking, or temptation-seeking) can be crucial in determining the likelihood of an entrepreneur’s success.