FACTORS INFLUENCING THE SUCCESS OF ENTREPRENEURIAL VENTURES IN NEPAL

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).