“What prevents us from becoming an entrepreneur?”(part II)

This work is in the continuation of the paper “What prevents us from becoming an Entrepreneur?”(Part I) published in South Asian Journal of Marketing &Management Research (SAJMMR), Volume 2, Issue 7 (20 July, 2012).

In the much-pursued search how often do people actually “choose” what they want? How often do they “seek” what they want, in an area they want? The potential rewards attached to being an “Entrepreneur” are unlimited. Business owners can profit greatly. Many of the wealthiest people on earth are entrepreneurs, yet majority of us prefer to be working employees. Through this paper we would like to present the personal views of people on this subject and thus reassess factors which discourage people from becoming ‘Entrepreneurs’.

Based on a survey questionnaire of 143 respondents. Research period was from November 2011 to March 2012. Analysis of “various factors due to which the people don’t get into a business” with the “work experience” has been done. Analysis has been done with the help of bar diagrams in excel.

The study provides an important theoretical insight into the barriers to entrepreneurship. The analysis of 143 respondents reveals the fact that 50% respondents stated that they could not become entrepreneurs due to the lack of required finance, 49% respondents believed that it was a risky job. Factors like non-availability of dedicated partners, lack of a good business idea, lack of knowledge about doing business, have got the lowest weight age i.e. 24% each.