Fear of Failure vs Growth Mindset: Obstacle or Accelerator to the Courage to Start a Business?

Damas Gianlugi Alrizqi, Sumiati Tahir, Siti Nardiyah Muhrami, Nurul Haeriyah Ridwan, Edy Suryanto

Abstract


This study aims to analyze the influence of fear of failure and growth mindset on the courage to start a business among economics students in Makassar, with entrepreneurial self-efficacy as a mediating variable. The study employs an explanatory quantitative approach and uses a cross-sectional survey of 150 purposively selected respondents. Data analysis was performed using SEM-PLS in WarpPLS 8.0. The results showed that a growth mindset had a positive effect on entrepreneurial self-efficacy and the courage to start a business, and entrepreneurial self-efficacy had a positive impact on the courage to start a business. Conversely, fear of failure had no significant effect on either entrepreneurial self-efficacy or the courage to start a business. The mediation test confirmed that entrepreneurial self-efficacy mediates the impact of growth mindset on the courage to start a business, but does not mediate the effect of fear of failure. These findings emphasize the importance of strengthening a growth mindset and self-efficacy to encourage students to take the courage to start a business.


Keywords


Fear of failure; Growth mindset; Entrepreneurial self-efficacy; Courtage to start a business

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