Predicting Entrepreneurial Intention of the Commerce Student: An Empirical Evidence from Gujarat State

Abstract

Entrepreneurs and entrepreneurship are arguably the pillars on which economic health of societies was built. Their role has been highlighted in opportunity creation through new ventures and maintenance of existing ones (Evans, 1942; Leibenstein, 1968). To become an entrepreneur, an individual needs to take action in identifying opportunities, deriving a plan to take advantage of the opportunity, executing the plan, and constantly monitoring and adjusting the plan. What then impels some but not others toward action and keeps them going? We believe a person’s developing sense of self as an entrepreneur represents a powerful motivating force that can help explain why some individuals choose and continue to engage in entrepreneurial activity and why others do not.This study concludes that risk propensity, instrumental readiness and entrepreneur knowledge has the significant influence on the self-efficacy. where impact of the instrumental readiness was not founded statistically significant. Self-efficacyhas the positive impact on the entrepreneur intention of commerce student.