Write the name of element that affect entrepreneur development
Answers
Answer:
1. Aspiration and Attitude
Every person acts and behaves according to his aspirations and attitude.
The person with high ambitions helps himself to become a big entrepreneur. Similarly, if a person has the attitude to work as an entrepreneur, only then he can achieve success.
2. Personal Factors
The personal factors of an individual also influence his spirit of becoming an entrepreneur or not.
The entrepreneur having qualities of immense imaginations, maturity, optimism, foresightedness, ability to bear risks, efficiency, self-confidence, leadership ability, dynamic thinking, hard work, honesty, etc. is sure to achieve success.
3. Family Circumstances
Every person has different family circumstances. It is often observed that due to family non-cooperation enterprise get frustrated, whereas a person becomes the successful entrepreneur with family Corporation.
4. Government Policies, Facilities, and Incentives
Various government policies like the Economic policy, Taxation Policy, Import Export Policy, and Licensing Policy etc. Effect the development of entrepreneurship of entrepreneurial.
If the government provides basic infrastructural facilities, like electricity, transport, banking, insurance, communication, water, raw materials, and warehousing facilities etc. it certainly results into the development of entrepreneurship or entrepreneurial.
5. Social and Cultural Factors
Social organizations, traditions, level of education, personal behavior, situational circumstances, caste or class system, family training and another ethical level of the society are such social and cultural elements, which affect the development or entrepreneurship or entrepreneurial.
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