Opportunity lost: understanding entrepreneurial hesitation through a configuration approach

Purpose Despite global governmental efforts to promote entrepreneurship and create opportunities, many individuals remain hesitant to seize these opportunities. This study employs a configurational approach to examine key features that contribute to entrepreneurial hesitation. Design/methodology/approach Drawing on the Regulatory Focus theory, the study analyzes data from 1,458 individuals in the United Arab Emirates sourced from the Global Entrepreneurship Monitor database, focusing on five features: innovativeness, long-term career planning, pessimism, fear of failure, and entrepreneurial skills and knowledge. Findings The analysis identifies three distinct profiles of individuals associated with high entrepreneurial hesitation, labelled as “Innovative Bystanders”, “Sceptical Planners” and “Disillusioned Innovators.” Practical implications Understanding these profiles provides a foundation for developing diagnostic tools aimed at customizing government support and guidance, moving away from a one-size-fits-all strategy. Originality/value This study examines the complexities of entrepreneurial hesitation and offers new insights into the intricate profiles of individuals who exhibit a high level of hesitation.