The purpose of this paper is to investigate the individual and firm specific factors influencing entrepreneurial performance in Addis Ababa City. The study used both primary and secondary data types. The primary data were collected from a sample of 217 entrepreneurs through questionnaire whereas the secondary data has been collected using document review technique. To analyze the primary data binary logistic regression technique (Logit Model) was deployed. The main findings of the study suggested that individual specific factors captured by innovation, risk taking, opportunity seeking, locus of control, and independence explain entrepreneurial performance. However, the odd of pro-activness to explain entrepreneurial performance is not significant. Besides, the result indicates that firm specific factors that were captured in terms of strategy and networking are key determinants for entrepreneurial performance in Addis Ababa City. But the odd of structure to explain performance is insignificant.
