Study links entrepreneurial optimism with business success
Wednesday, September 21, 2016 - 08:31
in Psychology & Sociology
Widespread collective entrepreneurial optimism in the United States is highly predictive of the number of new venture startups and small business growth, according to a University of Oklahoma study. This optimism can be contagious in its ability to encourage others to start firms when optimism is a widespread social phenomenon. This finding challenges the notion that necessity is the mother of invention in regards to startups.