Table 3

Entrepreneurial self-efficacy

Factors and variablesFactor loading
SearchingPlanningMarshallingImplementing
Searching—(How much confidence do you have in your ability to … ?)
Brainstorm a new idea for a product or service0.862   
Identify the need for a new product or service0.858   
Design a product or service that will satisfy customer needs and wants0.772   
Planning—(How much confidence do you have in your ability to … ?)
Determine a competitive price for a new product or service 0.837  
Estimate the amount of start-up funds and working capital necessary to start your business 0.781  
Estimate customer demand for a new product or service 0.766  
Marshalling—(How much confidence do you have in your ability to … ?)
Network, i.e., make contact with and exchange information with others  0.827 
Get others to identify with and believe in your vision and plans for a new business  0.730 
Clearly and concisely explain verbally/in writing your business idea in everyday terms  0.559 
Implementing people—(How much confidence do you have in your ability to … ?)
Supervise employees   0.797
Recruit and hire employees   0.781
Inspire, encourage and motivate your employees   0.775
Train employees   0.727
Delegate tasks and responsibilities to employees in your business   0.698
Deal effectively with day-to-day problems and crises   0.660
Eigenvalue6.9882.0331.2911.083
% Variance43.11412.7048.0696.767
Note(s): Extraction method: principal component analysis
Rotation method: varimax with Kaiser normalization
KMO and Bartlett's test
Kaiser-Meyer-Olkin measure of sampling adequacy0.878
Bartlett's test of sphericity1895.7022548.098
120105
0.0000.000
Reliability statistics
Cronbach's alpha*Cronbach's alpha based on standardized itemsNo. of items
0.9100.91116

Note(s): *Cronbach's alpha does not improve if any of the items is deleted

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