Abstract Entrepreneurship is a critical driver of economic growth, creating employment opportunities and fostering innovation. In Indonesia, efforts to enhance entrepreneurship have increased, yet psychological measurement to assess psychological readiness for entrepreneurship remain underdeveloped. This study addresses this gap by validating the Entrepreneurship Psychological Readiness (EPR) instrument for Indonesian university students. A survey involving 678 students from Pekanbaru, Riau, utilized Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyze the measurement model. The results confirmed the validity and reliability of 24 items across five factors: Passion Achievement, Personal snowledge, Personal Relationship wits Others, Personal Adversity, and Personal Growth. Composite Reliability (CR) values ranged from 0.837 to 0.890, with Passion Achievement scoring the highest CR value. The validated EPR instrument is recommended for assessing psychological readiness for entrepreneurship and can support the Ministry of Education, Culture, Research, and Technology in designing targeted programs to enhance students' entrepreneurial capabilities. This study also highlights the need for improving higher education systems to better prepare graduates for creating businesses, particularly within the MSME sector.
Farradinna et al. (Wed,) studied this question.
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