The Effective Motivational Factors of Entrepreneurship: Knowledge and Training - An Empirical Study in Relates to Chennai (South India)

Entrepreneurial Development makes a powerful impact on the development of the country. The success of the entrepreneur depends on the environmental factors such as economic, legal, social, political and technological factors which influence the motivational factors thus leading to successful entrepreneurship. The motivational factors are the key factors influencing the entrepreneurial behavior and operation of the business and thus the need for the study on the entrepreneurial behavior and their due influence. This paper attempts to throw light on the infrastructures that has to be developed in order to cultivate the quality of leadership among potential enterprising young men. Attempts are being made to inculcate the spirit of entrepreneurship. The empirical results revealed that most of the selected entrepreneurs (small scale industries) perceived the relevance of these factors which motivate the entrepreneurs to the highest degree. The study also reveals that the factors which are not considered to be of high importance in the earlier days like education, knowledge and training which plays crucial role in motivating most of the entrepreneurs in the recent period. There exists necessity for Government and the related sponsoring institutions to look into these factors and encourage the young entrepreneurs who in turn will render their full support towards national economy.