ABSTRACT
This chapter examines the issues around entrepreneurial mindset, capabilities, and goals. The mindset and intention to become an entrepreneur is often thought to result from the personality traits the individual possesses. Researchers have also examined the role of personality and biographical characteristics in driving entrepreneurial intentions. Entrepreneurship has been seen as an act of creativity in that entrepreneurs often look at things in a novel way or find innovative solutions to problems. The issue of entrepreneurial motivations has received significant attention from researchers and scholars over the years. The inconclusive results on the relationship between personality traits and entrepreneurial success discussed earlier may be explained by examining the role of abilities and skills. Various elements of the skills and capabilities required for successful entrepreneurship have been identified such as the ability to critically evaluate complex situations and problems, networking, financial literacy, planning, marketing, etc.
