The Effect of Risk Taking Propensity of Family Members on New Venture Creation in North Central, Nigeria

The study examined the effect of risk taking propensity of family members on new venture creation in North Central, Nigeria.The study used primary data collected with the aid of questionnaire.The study utilized a sample of size 400.400 copies of questionnaire were distributed, but 305 copies were returned which was used to analyze the study.The study used descriptive statistics of simple percentage and mean analysis as well as regression techniques to analyze the data.It was revealed that risk taking propensity had significant positive effect on new venture creation in North Central, Nigeria.The study therefore recommended there was a need for micro business owners to develop the attitude of high risk taking propensity through entrepreneurial family background towards promoting new venture creation in North Central, Nigeria.Lastly, micro business owners should make provision for motivation of family members to encourage new venture creation in North Central, Nigeria.