Factors of Entrepreneurship development:
Personal factors
· Ability to cope with the situation
· Age
· Education
· Personality
· Intrapersonal communication ability
· Achievement motivation
· Self-confidence
· Competence
· Emotion
· Understanding capacity
Environmental factors
A. Socio-cultural factors
· Religion
· Values
· Rural-urban orientation
· Marginality
· Education
· Tradition
B. Political and legal factors
· Govt. legal bindings
· Govt. policies
· Rules and laws related to the industry and business
Institutional factors
· Financial institution
· Training and development institution
· Consulting firms
· Incubators organization (old & pioneer)
· Research organization
Micro factors
· Enterprise itself
· Suppliers
· Intermediaries
· Customers
· Competitors
· Public
Macro factors
· Demographic factors
· Economic factors
· Physical factors
· Technological factors
· Cultural/social factors
Others
· Venture capital
· Experience entrepreneurs
· Technically skilled labor force
· Supplier’s accessibility
· Proximity to universities
· Availability of land facilities
· Accessibility of transportation
· Favorable loan and financial policies
· Decepted population
· Availability of supportive
· Attractive living condition
· Capital intensiveness
· Research and development activities
· Capital incentive ness
· Proximity to corporate head quarters
· Competitive situation
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