The Importance of Resilience and Flexibility of Entrepreneur Characters for Coping with a Crisis Situation. A Systematic Literature Review During Covid-19

Abstract

What strategies do business leaders and aspiring entrepreneurs use to recover from adversity and start businesses in uncertain times? Things have changed recently when it comes to understanding what influences company decisions in challenging times. According to the findings of our recent research, certain human attributes are important to the success of entrepreneurs in the face of adversity. Resilience is also essential for entrepreneurs.

Long-term economic development and increased private sector activity both depend on new enterprises, goods, services, and employment being created. Entrepreneurs are economic actors that provide the essential and desirable commodities and services as the lubricant that keeps the economy turning, whether they operate inside an existing organization or create a new firm. Entrepreneurs and aspiring entrepreneurs must: 1) participate in business development training to build their belief in their entrepreneurial resilience; 2) seek out networking events, special lectures, and mentoring opportunities to learn from others who have been resilient in difficult times; and 3) be active in their entrepreneurial pursuits, practice business acumen.

Keywords: Entrepreneurship Characteristic; personal characteristics; Business Resilience; Crisis management; Covid-19; SMEs; Entrepreneurial personality characteristics; Entrepreneurial Resilience; SMEs business survival; entrepreneurship mindset.

DOI: 10.7176/EJBM/13-18-04

Publication date:September 30^th 2021