Entreprenuership -Motivation

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Entrepreneurship |

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A report on what motivates people to become Entrepreneurs |

ORGANIzational Behaviour

November 15, 2010

Authored by: Vishakh.V

Guidance of: Mr. Vatsal Singh

Entrepreneurship

A report on what motivates people to become Entrepreneurs

I was born in India the land of entrepreneurship where normally everyone has an entrepreneur gene in his blood. It’s like god created us to be entrepreneurs. What is so attractive about being an entrepreneur? I guess the feeling of accomplishment like in movies where the hero starts out with nothing and raises up levels to gain fame, money and power. Here in India everybody tries to become an entrepreneur in one way or the other at least once in his life. Straight from the farmer buying up land and farming plus trading on his own or the US return MBA kid starting up his own consulting firm in India, everybody is an entrepreneur .But still out of the population of 1.3 Billion and counting only around 200 million become actual entrepreneur(i.e around 18% of the population )for the long term out of which only thousands succeed to see the daylight of satisfaction and profit plus recognition.

So why is it that thousands of hopefuls take the leap of faith even though they know only a few succeed and most fail? Every day, new businesses open. More and more people want to become entrepreneurs because of the many benefits and privileges that are available as you venture into business. The business world is not exactly easy. As a matter of fact, it is complicated and could be quite stressful, but despite the negativities and pressures attached to it, many people still want to become entrepreneurs - why?

What leads a person to strike out on his own and start a business?

Before we explore into the uncharted territories let us try to understand the Magical term “entrepreneurship”. The origin of the word “entrepreneurship.” It derives from the French verb entreprendre, meaning “to undertake.” Thus,...