
Motivation is the driving force within people that get
them to act in the ways they do. Entrepreneurial motivations are necessary
steps of getting individuals to become entrepreneurs. Scholars have conducted
various researches on entrepreneurial motivations and have come up with several
factors that motivate people to become entrepreneurs.
The standard issue with the concept of “Entrepreneurial Motivation” is that
many scholars do not agree on the all the special characteristics that the
entrepreneurs are supposed to possess to function as entrepreneurs. In fact,
there have been noted cases where successful entrepreneurs haven’t been found
possessing many or all the special characteristics identified by experts to
become successful entrepreneurs.
Hence, scholars now identify a set of several human motivations that influence
the entrepreneurial process and have concluded that that entrepreneurial
spirits are not solely the result of human action. External factors, such as
the economy, the availability of business capital, competitors and government
regulations are also important factors in entrepreneurship.