Entrepreneurial Resilience: A Study From Urban Bangalore

Abstract

Purpose: The purpose of this study is to examine the variables that affect entrepreneurial resilience emphasizing the connection between social and risk attitude of the entrepreneurs.

Design/Methodology: The primary responses were collected from 384 entrepreneurs operating in urban Bangalore using the Simple Random Sampling method through Survey Questionnaire. SPSS software & Smart PLS were used to examine the hypothesis through Structural Equation Modelling.

Findings:  The overall findings of the study revealed that entrepreneurial risk attitude can predict the entrepreneurial resilience by 48% and social capital by 10% respectively. There is significant impact of entrepreneurial risk attitude and social capital on entrepreneurial resilience.

Implications: The policy makers must encourage more schemes and programs to offer financial support and training program to the startup entrepreneurs to encourage more participation from the prospective entrepreneurs. This creates more employment opportunities within the local communities and enhances the economic development of the geographical region. It encourages the student community to dream about the avenues in startup companies encouraging “Make in India” campaign by the government of India.