Course Content
Intrapreneurship
Intrapreneurship: Concept and Process
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Innovations in Business
Innovations in Business: Types of Innovations, Creating and Identifying Opportunities, Screening of Business Ideas
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Business Plan and Feasibility Analysis
Business Plan and Feasibility Analysis: Concept and Process of Technical, Market, and Financial Analysis
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Role of Government in Promoting SSI
Role of Government in Promoting SSI
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Sickness in Small Industries
Sickness in Small Industries: Reasons and Rehabilitation
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Institutional Finance to Small Industries
Institutional Finance to Small Industries: Financial Institutions, Commercial Banks, Cooperative Banks, Micro Finance.
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Unit X: Entrepreneurship Development

Entrepreneurs are motivated to start business enterprise because of various factors. Entrepreneurs are influenced and motivated to start a business enterprise by a combination of personal, external, and situational factors. These include:

  • (a) Ambitious factors:
    ✅ These are internal desires such as the urge for independence, achievement, self-fulfillment, and recognition. Many entrepreneurs are highly driven by personal ambition.

  • (b) Compelling factors:
    ✅ These are push factors like job dissatisfaction, unemployment, economic necessity, or lack of career growth that force individuals into entrepreneurship as an alternative.

  • (c) Facilitating factors:
    ✅ These are supportive conditions that make entrepreneurship easier, such as availability of capital, favorable government policies, market opportunities, and supportive infrastructure.

  • (d) Family factors:
    ✅ Family background, such as coming from a business family, support from family members, and expectations to carry on family traditions, can be a strong motivator in pursuing entrepreneurship.

All four categories play a significant role in shaping entrepreneurial motivation, and often, a combination of these factors leads an individual to start a business.