ENTREPRENEURIAL PASSION, FEAR OF FAILURE, AND TAKING ACTIONS: A STUDY AMONG ENTREPRENEURS IN QATAR

Abstract

Entrepreneurship has never been more important than the recent years, and all countries around the world are trying to create an entrepreneurial ecosystem and persuade more and more people to take action upon their ideas and steps in this journey and create a business. To persuade more individual to engage in entrepreneurship activities, one of the important factors are motivating or improving the entrepreneurial mentality to take risks without the fear of failing. This study aims to study entrepreneur's emotions, fear of failure, entrepreneurial passion towards starting a business in the state of Qatar. Based on a survey of 117 owners and/or managers of startup companies in Qatar, a partial least squares structural equation modeling was performed. The result of this study demonstrates that both entrepreneurial passion and fear of failure have significant influence on taking action and starting a business in Qatar. These results have implications for policy interventions to promote entrepreneurship.