The Psychology of the Successful Entrepreneur (original) (raw)
The entrepreneurship development is mainly due to the entrepreneurial motivation. Motivation of entrepreneurs is influenced by the external as well as internal environmental factors. Though there is no research study which reveal the extent with which the entrepreneurs are motivated by these two environments it is found that the entrepreneurial motivation is due to the influence of both the external and internal environmental factors. The psychological behaviours of the entrepreneurs are also equal playing its role while motivating the entrepreneurs, which are also discuss here. This paper also helps entrepreneurs to identify the different business opportunities and growth of the existing business. A real entrepreneur is a person who generally motivated by intrinsic psychological and also economic rewards. He indigenously tries an entrepreneurial venture for his personal satisfaction in work, ego or status. This paper reviews the psychological literature on entrepreneurs. Assessment and generalizations for the entrepreneurs are risky since there is no definite population of entrepreneurs. Psychological characteristics: In the modem days a suitable entrepreneurial culture must be created by developing healthy work environment and modem attitude towards work giving social recognition etc. These factors will give psychological stimulus which in turn promotes innovation, inspiration, ethics and values which are essential for successful entrepreneurs. The psychological behaviours of the entrepreneurs are also playing a vital role while motivating the entrepreneurs.
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