FACTORS EFFECTING ENTREPRENEURIAL GROWTH

 Different factors that effect the growth of Entrepreneurship are:

I. ECONOMIC FACTORS :

1. Non availability of capital.

2. Lack of adequate basic facilities 

3. Non availability of skilled labour.

4. Non availabilityof raw materials

5. Inadequate market

II.NON ECONOMIC FACTORS :

a. Socio cultural factors:

1. Social attitudes 

2. Cultural factors 

3. Lack of legitimacy of entrepreneurship 

4. Lack of social mobility.

5. Lack of security

6. Customs and traditions. 

b. Psychological and sociological factors 

1. Lack of high aspirations 

2. Absence of risk bearing attitude 

3. Deficiency in positive approach 

III. GOVERNMENT ACTIONS:

1. Lack of well formulated industrial policy

2. Lack of providing basic facilities 

3. Lack of supportive steps.