The Grit of Entrepreneurs: Their Resilience Needs in Achieving Success

Abstract

Failure is part of the risk that is acquired to form success of a business  and entrepreneurship provides a promising future because of the profit it offers. Some of the management risks are also  experienced by entrepreneurs such as financial, marketing, operational and HR risks as part of the operational process of having a business. To optimize economic improvement, Indonesia  still needs at least 14% of young entrepreneurs as on a macro level, entrepreneurs have a role creating prosperity, equity of wealth, and good job opportunities serves as an engine of economic growth of a country. Success in entrepreneurship is what most entrepreneurs crave but it is not easy to be a success entrepreneur. However, Entrepreneurs are  individuals  with many needs that mobilize them to cultivate success and entrepreneurial success has  some characteristics that specifically contribute to a success entrepreneur.  The characteristics which shape success entrepreneurs are not only about  the ability to maintain interest (the consistency of interest) related with the business that he deals with but also about  the resilience in trying, not afraid to face challenges to achieve goals.  That entrepreneur’s grit is dealing with the  resilience and enthusiasm they have to achieve long-term goals of their business venture. Understanding that phenomena, researchers are interested in investigating the grit of entrepreneurs which support them in achieving success.  The study conducts qualitative method by interviewing 5 entrepreneurs. Data Triangulation is implemented to support the validity of the research.