Analysis of the Psychological Characteristics and Entrepreneurial Intentions among University Students

Abstract

Today’s technological development and rapid advancements are increasing day by day, simultaneously the rate of unemployment is also rising, especially in developing economies. In the view of long-term perspective, the global economic cycle has also been affected and is leading towards economic crises. Hence, with the dearth of employment opportunities, the youth in developing economies are inclined towards entrepreneurship and startups. Startup ventures provide them with specific sources of income as well as self-independence and self-sufficiency. Hence, the researcher in this paper attempts to explore the entrepreneurial intentions among university students. It has been observed that the reason behind this inclination is the outstanding potential the university students possess and their ambition to try new things and risk-taking tendencies. Furthermore, the new generation has the ability to develop various variations in businesses. The work is conducted on a Pakistani youth segment from the Quaid-i-Azam University Islamabad, which has a diverse pool of students belonging to various regions of Pakistan. Data analysis and findings demonstrate that the students of Quaid-i-Azam University, Islamabad, not only possess a positive attitude toward entrepreneurial intention, but they also face ambiguities and difficulties in taking initiatives. Business assistance is required by them, in the form of financial and moral support, as well as professional guidance for understanding the business background. The study provides some useful insights on the subject and presents future study recommendations and practical implications.