Exploring the Relationship: “Resilience and Entrepreneurial Motivation for the Entrepreneurial Success"

Abstract

Entrepreneurs face challenges and difficulties as they venture into entrepreneurial and income-generating activities.  In times of adversity, entrepreneurs withdraw from their entrepreneurial ventures due to factors such as loss, failures, lack of knowledge and skill, lack of capital, etc. In this article, the authors have developed a conceptual framework for resilience and entrepreneurial motivation which involves outlining the key components, relationships, and factors that enable the entrepreneurs to face the challenges and get motivated in an entrepreneurial context. This article deals with entrepreneurial motivation, resilient factors, personal characteristics, external environment, feedback, mediating, and moderating factors in different business environments. An entrepreneur's resilience and motivation are influenced and there is space still for the research scholars to strengthen the association between resilience and entrepreneurial motivation by critically looking at the business environment in this context.