Born vs. Educated Entrepreneurs

Abstract

Setting itself apart from previous research, which focuses on either entrepreneurship-prone personality traits or education and uses the remaining as a control, the current chapter tests the main effect as well as the interaction among e-traits, education, and experience. Further, this chapter advances the current literature, which focuses on external success (e.g., growth and profits), by also examining internal success (e.g., subjective wellbeing). Matched participants were used for three waves (nyear1 = 1,564, nyear2 = 1,474, nyear3 = 1,436). In a broad summary, educated entrepreneurs seem to perform well financially while born-to-be entrepreneurs seem happier than those low in or without e-traits across the three waves.