ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -New entrepreneurs are motivated by the desire for fulfillment. They come into being because of the possibility of making and marketing some new product for the use of customers. If the product is developed to saleable stage, the entrepreneur is further motivated by reward in terms of profit.

Detailed explanation-2: -Self-Motivation In Entrepreneurs Self-motivation is motivation arising from individual’s internal desire for the satisfaction and fulfilment of specific needs.-Personal drive to achieve, the desire to improve or to meet certain standards; -Optimism, the ability to keep going and pursue goals in the face of setbacks.

Detailed explanation-3: -Entrepreneurs are often motivated by a desire to be recognized as a world-leader in a specific field. Their desire to share their knowledge and engage with their subject matter is often a source of frustration to privacy-obsessed VCs, but is a key internal motivation for the inventor.

Detailed explanation-4: -In analyzing what ends up driving these entrepreneurs, researchers and observers find 4 particularly strong motives: control, freedom, impact and wealth (in alphabetical order.) Some or all of these motivations may be important to you as an entrepreneur.

Detailed explanation-5: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022