Factors affecting entrepreneurial growth

In a study conducted in India [1986], Rao and his team identified three sets of factors behind entrepreneurial growth. Thous factors affecting entrepreneurial growth are as under:

Factors affecting entrepreneurial growth

Ambition related Factors

  1. To make money
  2. To continue family heritage
  3. To gain social prestige
  4. Other ambitions pleasure of doing something creative, creating employment for others etc
  5. To make self- employment
  6. To fulfill self or others’ desire

factors_affecting_entrepreneurial_growth

Compelling Factors

  1. Unemployment
  2. Dissatisfaction in existing job/occupation
  3. Family pressure
  4. Revival abandoned /sick units owned by the parental or wife’s family
  5. Make use of idle funds
  6. Make use of available -technical or professional

Facilitating Factors

  1. Success stories
  2. Previous experience in the line of activity
  3. Influence or encouragement of the powerful quarters
  4. Association as apprentices/ sleeping partners
  5. Previous employment in the line of activity
  6. Inherited business

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