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ABSTRACT
The purpose of the study was to analyze the differences between the motivational factors which lead to becoming an entrepreneur in Tirunelveli District. To achieve the purpose of the study, 570 entrepreneurs have been selected equally from each of the 19 blocks of the district by adopting a purposive sampling. The study adopted a combination of two research designs, namely cross-sectional and survey-based questionnaire design. A well-structured and pretested interview schedule was used for collecting the data by personal interview method. The interview schedule focused on the factors of Personal, Social, Economical, Family and Intellectual. For the inferences, the researchers used the Friedman test to analyze the significant difference between the motivational factors which lead to becoming an entrepreneur. The primary data collected were analyzed by using Statistical Package for Social Sciences (SPSS 16). The result of the study revealed that there is a significant difference between the factors of Personal, Social, Economical, Family and Intellectual. It was also found from the study that Family factor is the most important reason for the entrepreneurs to become an entrepreneur in Motivational factors of motivation and the Social factor is the least important one. The study suggested that the governmental and nongovernmental agencies and the policy makers for the entrepreneurs should consider the priorities of motivational factors to become an entrepreneur when they prepare the training programme and schedule for the Entrepreneurial Development Programme (EDP).
Keywords: Economical Factor; Entrepreneurs; Family Factor; Intellectual Factor; Personal Factor; Social Factor; Tirunelveli District.
INTRODUCTION
An Entrepreneur is a person who perceives a need and then brings together manpower, material, and capital required to meet that need. In other words, an entrepreneur is an individual or team that identifies the opportunity, gathers the necessary resources, creates and ultimately responsible for the performance of the organization. To be specific, the entrepreneur is a person, who tries to do something new, visualizes a business opportunity, organizes the necessary resources for setting up the business and bears the risk involved. Thus, an entrepreneur may be termed as an innovator, an organizer, and a risk bearer. As an innovator, the entrepreneur introduces new products in the market; finds out new markets for existing products; introduces new production technology; launches new marketing strategy and so...