Although the motivations for venturing out alone vary greatly, the following are some of the reasons cited for becoming an entrepreneur:
Internal motivations and drives include:
- Need for self actualisation
- Need for achievement
- Need to take up a challenge
- Need for inadequacy
- Need for success in certain class (social)
- Need for adventure – discover the business world
- Need to reduce tension
- Need to acquire the social status
- Need to control power
- Unemployment
External motivations and drives
- Role models – looking at those already successful in business
- Family background
- Training
- Support social systems
- Geographical position of the area
- Needs for external income as a push
- Government incentives
- Market availability
- Infrastructure
- Credit facilities
(Visited 1,034 times, 1 visits today)
