International Journal of Academic and Applied Research (IJAAR)   Year: 2022 | Volume: 6 | Issue: 11 | Page No.: 276-282 Entrepreneurial Spirit and New Venture Creation among Young School Leavers in Rivers State Download PDF Okoye, Amarachi Emmanuella and Professor B. Chima Onuoha Abstract: This study examined the relationship between entrepreneurial spirit and new venture creation of young school leavers in Rivers State. Cross sectional research design was adopted in studying fifteen (15) of these firms. Our respondents were managerial employees constituting the population of the study. From the field survey, we retrieved and analyzed one hundred and sixty one (161) copies of questionnaire from the participants; Spearman's rank correlation coefficient statistical tool was used to determine the relationship existing between the variables while the p-value obtained were used to test hypotheses formulated for the study. Findings revealed the existence of significant relationship between the dimensions of entrepreneurial spirit namely; innovativeness, proactiveness and risk taking and new venture creation. It was then concluded that entrepreneurial spirit of an individual reveals itself by the evidence of how innovative is the new venture birthed, the firm's attitude to risk-taking and how proactive (i.e. alert) it is to business opportunities, and how responsive it is to trends and developments in the marketplace. This gave rise to our recommendations for the firms to make efforts to ensure that every given owner of a new venture possesses an innovative skill, proactive posture and risk taking attitude; such that remains sensitive, attentive and alert to the trends so as to launch strategies that will enable the organization remain competitive and thrive.