1. Entrepreneurial Mindset
Project
Kelly G. Shaver
President, MindCette®, LLC
#GEC18IST | ISTANBUL, TURKEY | APRIL 16 – 19, 2018

2. Why study entrepreneurs?
Even slowly-growing entrepreneurial companies create jobs
Policy-makers would like to support this economic development
But there are significant failure rates
Top three reasons for failure (CB Insights):
No market need
Ran out of cash
Not the right team

3. Individual factors to consider
Reasons to create a company
Broad personality dispositions
Narrow individual traits
Cognitive processes
Behavioral predispositions that support action
Aspects of persistence
Resilience in the face of failure

4. Why another test? (I)
Construct
ASTEE
EMP
GET2
OURS
Achievement x
Action orientation
Autonomy
Creativity
Locus of control
Risk acceptance
Self-confidence
ASTEE = EU Assessment tools and indicators for entrepreneurship education.
EMP = US Entrepreneurial mindset profile
GET2 = UK General measure of enterprising tendency, v. 2

5. Why another test? (II) Construct ASTEE EMP GET2 OURS Adaptability x
Coachability
Curiosity
Financial motives
Grit
Innovation
Metacognition
Normative structure
Opportunity recog.
Personal motives

6. Current status of the project
Pilot testing with undergraduate entrepreneurship students
Large-scale pilot in South Africa (N = 600)
Preliminary analysis
Females and males differ
Checking for skewness, across items and within people
Wordings may need to be made more extreme