A Study on Barriers Faced In Incubation Centre by Entrepreneurs –Analysing the Factors Using One Way ANOVA
- August 15, 2018
- Posted by: RSIS
- Category: Management
International Journal of Research and Innovation in Social Science (IJRISS) | Volume II, Issue VIII, August 2018 | ISSN 2454–6186
Dr J. Krithika
Associate Professor, Department of Management Studies, Rajalakshmi Engineering College, Chennai, Tamil Nadu, India
Abstract: – This study explores the barriers faced by the students when they are attached with the Incubation centre of their colleges. These students are supposed to manage both their academics and their entrepreneurial aspiration. Although they get adequate support from their friends, family members and faculty members, having a mentor would help them in shaping the student’s entrepreneurial aspirations. Mentor could be a professional, who can share his knowledge and guide the students. A well-structured questionnaire was circulated among the students and asked to prioritize their barriers, and their expectations on mentor’s qualities.
Key words: Explore, Entrepreneurs, Mentors, students, quality.
I. INTRODUCTION
The nation develops through “Job creators”, it represents the entrepreneurs. Developing country like India provides many opportunities for entrepreneurship. The country can gear up to use entrepreneurship as prime engine for growth and development. Entrepreneurship can be encouraged by inculcating the entrepreneurial attitude and intention among young blood. In general, entrepreneurs face various challenges while starting their business venture and have a very high failure rate. Lack of managerial competencies, legal requirements to start the business, capital investment, and increasing cost, scale of economies, new product innovations, lack of skilled labours and lack of previous experience are the major challenges for any entrepreneur. Apart from these major factors, entrepreneurs in developing countries face even some unique challenges like accessibility to physical infrastructure, strict government policies, ineffective R & D facilities; inadequate entrepreneurial education and low recognition from society are few among those challenges.
