FACTORS INFLUENCING THE SUCCESS OF ENTREPRENEURIAL VENTURES IN NEPAL
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Abstract
If given the right inspiration, concepts, and chances, young people are more than capable of launching profitable and innovative businesses. People can change from being job searchers to creating jobs for others. Many independent contractors also provide financial support for their families. Despite these possible benefits, the majority of people continue to depend on the government for employment rather than opening their own enterprises and recruiting staff. People's failure to engage in entrepreneurship has also been linked to a number of other factors, such as sociocultural attitudes toward entrepreneurship, a lack of entrepreneurial training, incomplete market information, a lack of physical infrastructure and business support, regulatory framework conditions, and in particular, challenging access to financing(Kanyenze, Bennell, & Curtain, 2000).
Description
Numerous entrepreneurship initiatives, forums, seminars, and conferences have been held in an effort to address the issues that prevent young people from being totally committed to starting their own business. To test if students can take advantage of undiscovered economic potential, numerous entrepreneurship programs have received funding from various nations. In order to influence young people's employment choices, a variety of strategies have been employed to encourage them to engage in entrepreneurial activity, such as providing bank loans, business resources, and access to money.