2.Entrepreneurial Motivation

ENTREPRENEURIAL MOTIVATION

LOCUS OF CONTROL

An attribute indicating the sense of control that a person has over life.

NEED FOR ACHIEVEMENT AND INDEPENDENCE

Need for independence :A need to do things in his or her own ways and has difficult time working for others.

Need for achievement :An individual’s need to be recognized.

RISK TAKING

They take calculated risk as they analyze risks and take decisions and even have alternate plans to work on.

Career risk Financial risk Psychological Risk

ENTREPRENEUR CHARACTERISTICS

Childhood family Environment Education Personal Values Age Work history Role Model Moral –support System Professional –support System

WOMEN ENTREPRENEURS

WOMEN ENTREPRENEURS

FACTORS RESPONSIBLE FOR ENTREPRENEURSHIP

Background Factors

Motivational Factors

Economic Factors

Rewards

Entrepreneurship

FACTORS RESPONSIBLE FOR ENTREPRENEURSHIP

Background Factors: Education ,training and experience Family background Support system Financial conditionsMotivational Factors: Need for achievement Locus of control Business environment

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Economic Factors: Supportive government policies Availability of funds Availability of technical factors Ancillary supportRewards Recognition Social status

BARRIERS TO ENTREPRENEURSHIP

Environmental Barriers: Raw material Labour Machinery Land and Building Infrastructure Requirements Financial Barriers

PERSONAL BARRIERS

Lack of Confidence Lack of dependability on others Lack of Motivation Lack of patience Inability to Dream Sense of embarrassment

SOCIETAL BARRIERS

Pressure from community Pressure from Family Pressure from peer group

CORE AND DESIRABLE ATTRIBUTES

ATTITUDES AND BEHAVIORS OF ENTREPRENEURS

CONT…