Effect of Entrepreneurial Motivation and Venture Creation in Yobe State, Nigeria

This study investigates the relationship between entrepreneurial passion, risk-taking propensity, and venture creation in Yobe State, Nigeria, using primary data. Yobe State, located in northeastern Nigeria, possesses untapped entrepreneurial potential, but faces challenges such as limited access to capital and inadequate infrastructure. Understanding the interplay between these factors is crucial for fostering entrepreneurship and economic growth in the region. The study adopts a quantitative surveys design and qualitative. A sample of entrepreneurs and aspiring entrepreneurs from various industries in Yobe State is selected. The surveys measure entrepreneurial passion, risk-taking propensity, and venture creation outcomes. The findings reveal that entrepreneurial passion significantly influences entrepreneurial intentions, opportunity recognition, and venture persistence. Moreover, risk-taking propensity plays a vital role in entrepreneurial decision-making and the subsequent outcomes of entrepreneurial activities. Entrepreneurs with a higher risk appetite exhibit greater willingness to explore uncertain opportunities and take calculated risks. Furthermore, the study explores the impact of entrepreneurial passion and risk-taking propensity on venture creation in Yobe State. It reveals that individuals with high levels of entrepreneurial passion and risk-taking propensity are more likely to identify and exploit business opportunities, mobilize resources, and establish successful ventures. Based on the study's results, recommendations are provided for policymakers, stakeholders, and aspiring entrepreneurs to foster a conducive entrepreneurial ecosystem in Yobe State. These recommendations include improving access to capital, enhancing infrastructure development, implementing supportive policies, and promoting entrepreneurship education and training programs. Overall, this study contributes to the existing literature on entrepreneurship by shedding light on the relationship between entrepreneurial passion, risk-taking propensity, and venture creation in the specific context of Yobe State, Nigeria. The findings offer valuable insights for policymakers and stakeholders in formulating evidence-based strategies to support entrepreneurship, attract investments, and stimulate sustainable economic development in the region.

Entrepreneurial passion, Risk-taking, Venture creation

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