Favorable environmental conditions help to create entrepreneurs. Adequate finance, technical skills, availability of cheap land, accessibility to new markets, availability of supporting services, etc. are examples of s favorable environment.
Even when personal characteristics, life path circumstances and environmental conditions are either pushing or pulling individuals towards entrepreneurship, such individuals are unlikely to become entrepreneurs unless they perceive creation of new venture both desirable and feasible. In this process support of family members, peers, teachers, relatives and friends is very useful. In assessing feasibility, presence of successful role models, availability of advice and financial support are important.
Even when personal characteristics, life path circumstances and environmental conditions are either pushing or pulling individuals towards entrepreneurship, such individuals are unlikely to become entrepreneurs unless they perceive creation of new venture both desirable and feasible. In this process support of family members, peers, teachers, relatives and friends is very useful. In assessing feasibility, presence of successful role models, availability of advice and financial support are important.
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