Factors of Entrepreneurship development

Factors of Entrepreneurship development:

Personal factors 

·        Ability to cope with the situation

·        Age

·        Education

·        Personality

·        Intrapersonal communication ability

·        Achievement motivation

·        Self-confidence

·        Competence

·        Emotion

·        Understanding capacity

Environmental factors 

         A.            Socio-cultural factors 

·        Religion

·        Values

·        Rural-urban orientation

·        Marginality

·        Education

·        Tradition

         B.            Political and legal factors 

·        Govt. legal bindings

·        Govt. policies

·        Rules and laws related to the industry and business

Institutional factors 

·        Financial institution

·        Training and development institution

·        Consulting firms

·        Incubators organization (old & pioneer)

·        Research organization

Micro factors 

·        Enterprise itself

·        Suppliers

·        Intermediaries

·        Customers

·        Competitors

·        Public

Macro factors 

·        Demographic factors

·        Economic factors

·        Physical factors

·        Technological factors

·        Cultural/social factors

Others 

·        Venture capital

·        Experience entrepreneurs

·        Technically skilled labor force

·        Supplier’s accessibility

·        Proximity to universities

·        Availability of land facilities

·        Accessibility of transportation

·        Favorable loan and financial policies

·        Decepted population

·        Availability of supportive

·        Attractive living condition

·        Capital intensiveness

·        Research and development activities

·        Capital incentive ness

·        Proximity to corporate head quarters

·        Competitive situation