Get premium membership and access questions with answers, video lessons as well as revision papers.

Explain four internal and four external factors which motivate individuals to develop entrepreneurial behavior.

      

Explain four internal and four external factors which motivate individuals to develop entrepreneurial behavior.

  

Answers


Martin
Internal and external factors which motivate individuals to develop entrepreneurial behavior
Internal factor include

- Positive Thinking

A positive attitude can motivate you to accomplish your business goals. It is a must for entrepreneurs starting their own small businesses, as there are always many obstacles to conquer on the way to establishing your own venture. Adopt a positive mindset if you are not an optimist by nature. Do this by banishing negative thoughts, working with upbeat person and reminding yourself of your strong points on a daily basis.

- Reaching Objectives

Setting goals is a –great self-motivator, Make strong goals and focus on them to push you to succeed. Plan how you will achieve the goals and set a specific time frame. Remind yourself frequently regarding what you are working for to keep yourself on track, reaching incremental steps along the way to overall goals helps keep you inspired. Plan personal rewards for each objective met, such as taking a weekend trip or, celebrating at a favorite;- restaurant.

-Security

Basic survival is a primal self motivator. The need to provide food, clothing and shelter for yourself propels you to Work, Providing for a family, as well, can be particularly motivating.- You tend to work harder and accomplish more when you know others depend on you for their needs.

- Recognition

Most people enjoy the recognition that comes with a job well done. When others notice your achievement and comment on them, your motivation to excel at an even higher level is triggered. Praise and appreciation is important to spur on your efforts. Share your accomplishments with those who care about you in order to satisfy your personal need for acknowledgement.

marto answered the question on February 4, 2019 at 06:00


Next: Describe features of the five stages of the business life cycle.
Previous: Discuss five factors that an entrepreneur should put in consideration before deciding on the form of business ownership.

View More CPA Entrepreneurship and Communication Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions