Entrepreneurship Development

ENTREPRENEURSHIP DEVELOPMENT FOR RURAL FAMILIES 4(1+3)

Lesson 10 : Entrepreneurial Motivation

Motivating factors

Following are the factors that motivate the entrepreneurs. They are of two types.

1. Internal factors
1. Desire to do something new
2. Educational qualification
3. Technical background
4. Number of years of experience
5. Occupational background


2. External factors
1. Government support and assistance
2. Availability of factors of production
3. Encouragement from already established firm
4. Promising demand for the product