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Explain the role of society and family in growth of an entrepreneur

Posted by Nigar Khanam 3 years, 5 months ago

CBSE > Class 11 > Entrepreneurship

1 answers

Gaurav Seth 3 years, 5 months ago

What family and friends think or opine about entrepreneurship has a crucial role to play.
Besides, the view of the family, their support and the society with regard to failure is also a very important factor.
Family’s support is very essential as the entrepreneur needs to borrow initial finances from the family and friends.
The family’s attitude towards education and other careers in fields like medicine, engineering, etc. are also likely to dominate the youth’s mindset towards entrepreneurship.
A prospective bridegroom can also become a deciding factor, promoting or inhibiting entrepreneurship.

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