ENTREPRENEURSHIP DEVELOPMENT (II) - ENTREPRENEURSHIP

 

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ENTREPRENEURSHIP DEVELOPMENT (II) 

 

ENTREPRENEURSHIP

 

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Entrepreneurship:
 

- it is the activity of starting a business,
- taking on financial risk
- in order to make profit

 

Characteristics of Entrepreneurship
 

• Economic activity

• Lawful activity

• Systematic activity

• Innovative activity

• Risk – bearing activity

• Creative activity

 

 

Factors affecting the growth of entrepreneurship
 

    I.Economic factors
     

    II.Non - Economic factors
 

 

I. Economic factors: 

• Lack of adequate infrastructural facilities

• Non- availability of capital

• Presence of high risk

• Non – availability of skilled labour

• lengthy procedure to start a business

 

II. Non – economic factors:

• social factors

• psychological factors 

 

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