In the last decade, the use of artificial intelligence (AI) to promote entrepreneurial opportunities has grown, providing a strong platform for digitally enabled entrepreneurship. AI is advancing the progress of entrepreneurship by redefining and reshaping business and strategy and is a key element in enabling competitiveness and the ability of entrepreneurs to navigate uncertain environments (Olan, et al., 2024). Entrepreneurship is often discussed in terms of ideas, funding, and market opportunity, yet one of the most powerful drivers of business growth is far less visible. Entrepreneurial self-efficacy, defined as an individual’s belief in their ability to successfully perform entrepreneurial tasks, shapes how entrepreneurs interpret challenges, make decisions, and persist under uncertainty. While capital and strategy matter, belief in one’s capability often determines whether these resources are used effectively or squandered. Cutting-edge technologies continue to transform entrepreneurial development. These new digital paradigms are now implemented by the financial world and help financial technology (FINTECH) to form efficient frameworks for the financial and entrepreneurial sectors such as banks and start-ups (Chaklader, et al., 2023). Business growth rarely follows a smooth or predictable path. Entrepreneurs encounter setbacks, ambiguity, and repeated rejection. In such environments, self-efficacy influences whether founders take initiative, recover from failure, and continue pursuing opportunity. Understanding the role of entrepreneurial self-efficacy provides insight into why some ventures scale successfully while others stall despite similar external conditions.
Miguel Virgen (Tue,) studied this question.