<p>The current research investigated the association between self-efficacy, risk perception, decision logics, and venture performance of businesses in northern India. An empirical approach was employed to test and validate the hypotheses. A questionnaire was used to gather data from 530 respondents using representative and referral sampling from entrepreneurs whose business ventures were based in northern India. The results of our study revealed that self-efficacy and risk perception had a significant and positive impact on decision logics (Causal and effectual). The impact of effectual logic was negative on venture performance, whereas causal logic had a positive impact on venture performance. The current research is unprecedented in drawing a linkage between the three major constructs in entrepreneurship research and highlighting their importance in venture growth and development. The theoretical foundation of the study provides a strong perspective related to the theory of effectuation and causation and its underlying dimensions. The present study has significant implications for potential entrepreneurs as these principles of effectuation and causation are teachable and shall help to build a strong link between academics and industry to boost the spirit of entrepreneurship.</p>