Factors Affecting Entrepreneurship

Personality Factors

Initiative: Acting proactively without being told. Crucial for internal drive in entrepreneurship.
Proactive: Identifies and seizes opportunities.
Problem Solver: Maintains good relationships with people and solves issues as they arise.
Perseverance: Pursues goals despite challenges.
Persuasion: Can convince people to buy products/services even if they're not initially interested.
Planner: Plans ahead and monitors progress.
Risk Taker: Willing to take calculated risks.

Political Climate: Political stability and policies influencing business.
Legal System: Laws and regulations governing business operations.
Economic Conditions: Economic stability and growth affecting business opportunities.
Social Conditions: Social trends and culture impacting market demand.
Market Situation: Current state of the market including competition and demand.

Economic and Dynamic Activity: Involves creating and operating enterprises to create value and wealth using limited resources efficiently.
Innovation: Constantly seeking new and better ideas.
Profit Potential: Balancing risk with potential profits.

Innovative Entrepreneurs: Create new things and ideas; think out of the box.
Imitating Entrepreneurs: Follow and implement the ideas of others.
Fabian Entrepreneurs: Skeptical about changes; initiate only after thorough validation.
Drone Entrepreneurs: Rely on the efforts of others and avoid change.
Social Entrepreneurs: Initiate social change and drive innovation in various fields like education, health, and human rights.