For an entrepreneur to succeed, he needs to do a number of activities which include:
Creative thinking, making decision, bearing risks, creation of employment opportunities, marketing and innovation, management, planning and control etc.
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PERSONAL CHARACTERISTIC: -
Education, age, work history/experience
LIFE-PATH CIRCUMSTANCE:
- Unsatisfactory work environment
- Negative displacement
- Career transition Point
- Presence of Positive-Pull Influences
PERSONAL QUALITIES OF AN ENTREPRENEUR:
- Self Confidence,
- Originality,
- Task Oriented,
- Leadership,
- Risk Taking,
- Creativity etc.
FAVOURABLE ENVIRONMENTAL CONDITIONS:
- Adequate financing
- Technically Skilled Labour Force
- Accessibility of Suppliers
- Accessibility of Customers or new markets
- Accessibility of Land
- Social Infrastructure
- Transport
- Road
- Electricity
- Water
- Security etc.
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