Study Of Entrepreneurs Ability In Nepal

Promoting the entrepreneur has become the focus of economic development in many countries and cities in the world.In order to promote the entrepreneur as the economic development strategy,the prevalence of metaphor is: entrepreneurial ecosystem.A successful Entrepreneurship ecosystem is the function of a number of factors working in tandem.Key ?Entrepreneurial Triggers? are: Individual Motivations,Socio-cultural Factors,Access to Early-Stage Finance Education and Business Environment.Prominent ?Motivation Triggers? are ?Independence?,?Market Opportunity?,?Family Background?,?New Idea?,?Challenge?,and ?Dream Desire?.Motivation Triggers vary according to parameters such as region,gender,age,family background,and work experience.?Challenge? is the principal ?Motivation Driver?.99.4% of the entrepreneurs interviewed did not want to be in a routine job.74% of the entrepreneurs interviewed received family support,underscoring its crucial significance.63% of the entrepreneurs interviewed were self-financed,while other sources included banks,venture capital(VC),angel investors and state finance corporations.Among those financed by banks,a majority who approached banks(61%)did receive bank finance.Yet there is a widely held perception among entrepreneurs that it isvery difficult to get bank loans at the start-up stage while becoming comparatively easier at the growth stage.Perceptions regarding bank finance have not improved in case of entrepreneurs who started ventures after 2000 and are mainly in knowledge intensive sectors.Nearly one in two entrepreneurs considered skill shortages in recruitmentto be a problem of average importance,while nearly one in three considered it ?somewhat difficult? or ?very difficult? to find candidates with the right skills.More than a third of the entrepreneurs faced problems in accessing as well as retaining employees generally.95% of entrepreneurs believe education is a critical success factor.Education is a key trigger to evoke entrepreneurial inclinations.98% of the entrepreneurs are graduates.However,only 16% chose a specific sector as a result of their educational background.