Post Update: April 16, 2021
FACTOR AFFECTING ENTRREPRENEURSHIP GROWTH :-
Development of entrepreneurship is not a spontaneous one but a dependent of phenomenon of economic, social, political, psychological factors supporting conditions to entrepreneurship development.
I. Economic factors
- Capital : facilities to bring together the land of one, machine of another And raw material of at another to combine them to produce goods.
- Labour : the quality rather quantity labour influences the emergence of entrepreneurship.
- Raw material : Necessary for establishing any industrial activity.
- Market : Constitutes the major determinant of probable rewards from entrepreneurship function.
- Infrastructure : Expansion of entrepreneurship presupposes properly develop communication and transportation facilities.
II. Social Factors
- Caste / Religion
- Family Background
- Level of Education
- Attitude of the Society
- Cultural Value
III. Government Policies
- Role of government in entrepreneurship development and growth
- Government policies
- Effect of government policies
Role of government in entrepreneurship development and growth
- Promote financial help via venture capitals.
- Develop entrepreneur ecosystem
- Easy taxation
- Fundraising
- Research
- Business friendly laws and function.
- Political