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
FACTORS RESPONSIBLE FORENTREPRENEURSHIPBackground Factors: Education ,training and experience Family background Support system Financial conditionsMotivational Factors: Need for achievement Locus of control Business environment
CONT…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