Factors of Entrepreneurship development

1573389216  - Factors of Entrepreneurship development
1573389216  672x336 - Factors of Entrepreneurship development

(A)   Personal factors

  1. Ability to cope with the situation
  2.  Age
  3. Education
  4. Personality
  5. Intrapersonal communication ability
  6. Achievement motivation
  7. Self-confidence
  8. Competence
  9. Emotion
  10. Understanding capacity

(B) Environmental factors:

  1. Socio-cultural factors
  2. Religion
  3.  Values
  4. Rural-urban orientation
  5. Marginality
  6.  Education
  7. Tradition
  8. Political and legal factors
  9. Govt. legal bindings
  10. Govt. policies
  11. Rules and laws related to the industry and business

(C) Institutional factors:

  1. Financial institution
  2. Training and development institution
  3. Consulting firms
  4. Incubators organization (old & pioneer)
  5. Research organization

(D) Micro factors:

  1. Enterprise itself
  2. Suppliers
  3. Intermediaries
  4. Customers
  5. Competitors
  6. Public

(E) Macro factors:

  1. Demographic factors
  2. Economic factors
  3. Physical factors
  4. Technological factors
  5. Cultural/social factors

(F) Others:

  1. Venture capital
  2. Experience entrepreneurs
  3. Technically skilled labor force
  4.  Supplier’s accessibility
  5.  Proximity to universities
  6. Availability of land facilities
  7. Accessibility of transportation
  8. Favorable loan and financial policies
  9. Decepted population
  10. Availability of supportive
  11. Attractive living condition
  12.  Capital intensiveness
  13. Research and development activities
  14. Capital incentive ness
  15. Proximity to corporate head quarters
  16. Competitive situation

shutterstock 10221961871565171706964 - Factors of Entrepreneurship development

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