2. LOCUS OF CONTROL
An attribute indicating the sense of control that a
person has over life.
3. 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.
4. 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
5. ENTREPRENEUR CHARACTERISTICS
Childhood family Environment
Education
Personal Values
Age
Work history
Role Model
Moral –support System
Professional –support System
9. FACTORS RESPONSIBLE FOR
ENTREPRENEURSHIP
Background Factors:
Education ,training and experience
Family background
Support system
Financial conditions
Motivational Factors:
Need for achievement
Locus of control
Business environment
10. CONT…
Economic Factors:
Supportive government policies
Availability of funds
Availability of technical factors
Ancillary support
Rewards
Recognition
Social status
11. BARRIERS TO ENTREPRENEURSHIP
Environmental Barriers:
Raw material
Labour
Machinery
Land and Building
Infrastructure Requirements
Financial Barriers
12. PERSONAL BARRIERS
Lack of Confidence
Lack of dependability on others
Lack of Motivation
Lack of patience
Inability to Dream
Sense of embarrassment