Entrepreneurial Phenomenon: Some Reasons for Career Choice Intentions

Abstract

Self‐employment and entrepreneurship become increasingly important in our modern economies. This paper tries to provide a timely, definitive and comprehensive overview of the field. The key issues addressed include the impact of ability, risk, personal characteristics to the entrepreneurship. The aim of this article is to provide some information that someone needs in order to decide if the life of an entrepreneur is right for him or the decision to be a self employed is a good one. Making the choice on becoming an entrepreneur can be a challenge. How to know if entrepreneurship is right or not is another question. Also, understanding the attitude towards risk and the correspondent reward for an entrepreneur is very important. The main purpose of this paper is to provide a review and offer a theoretical extension of research on the psychological factors that influence the entrepreneur behavior. There is a meaningful and positive relationship between all psychological dimensions of empowerment (self‐efficiency, self‐determination, personal consequence, meaning, trust in others) and entrepreneurship.