What makes an entrepreneur?

A Brazilian entrepreneur, that is.  First and foremost, entrepreneurship is predicted by family characteristics, most of all having other entrepreneurs in the family and coming from a large family.  What predicts finding a successful entrepreneur?: "the individual’s smartness and higher education in the family."  Entrepreneurs are not more self-confident than non-entrepreneurs and overconfidence is a big danger.  Social networks predict who becomes an entrepreneur but not who becomes a successful entrepreneur.  Entrepreneurs in Brazil exhibit more trust but this result does not seem to generalize across countries.

Here is the paper, from the World Bank.  I thank Russ Roberts for the pointer.


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