##plugins.themes.bootstrap3.article.main##

  •   Christabel Divine Brownson

Abstract

In the face of unpredictable business environment, epileptic power supply, unstable government policies, poor infrastructural facilities, poor market network, inadequate capital among other factors affecting the Nigerian business environment which hinders motivation and has a great limitation to the functionality and development of entrepreneurship yet businesses are still being established. Hence, the aim of this study is to identify the internal factors that motivate such entrepreneurs in starting up businesses in Southern Nigeria despite the above challenges. Using a descriptive study, seventy one entrepreneurs were investigated. Findings revealed that passion, the desire to do something pioneering and innovative, and the feeling of accomplishment were the major factors that motivate the entrepreneurs in this context. Hence, government agencies and other empowerment institutions should take note of these factors if entrepreneurship is to be fostered.

Keywords: Entrepreneurs; Entrepreneurship; Motivation; Startups

References

Agboli, M. and Ukaegbu, C. (2006) Business Environment and Entrepreneurial Activity in Nigeria: Implications for Industrial Development, Journal of Modern African Studies, 44, 1 (2006), pp. 1–30.

Baum, J. R. and Locke, E. A. (2004) The Relationship of Entrepreneurial Traits, Skill, and Motivation to Subsequent Venture Growth, Journal of Applied Psychology, Aug2004, Vol. 89 Issue 4, p587-598, 12p.

Benzing, C. and Chu, H. M. (2005) Entrepreneurial Behavior in Andhra Pradesh, India, Proceedings of the Association of Global Business 2005, Miami Beach.

Brownson, C. D. (2014) Does Constituent of Entrepreneurial Culture differ in Individuals? International Journal of Small Business and Entrepreneurship Research, Vol.2, No.2, pp.22-27, June 2014 Published by European Centre for Research Training and Development.

Carr, J. C. and Sequeira, J. M. (2007) Prior Family Business Exposure as intergenerational Influence and Entrepreneurial Intent: A Theory of Planned Behaviour Approach, Journal of Business Research, Oct2007, Vol. 60 Issue 10, p1090-1098, 9p.

Carter NM, Gartner WB, Shaver KG, Gatewood EJ. (2003) The Career Reasons of Nascent Entrepreneurs, Journal of Business Venturing 18(1), 13–39.

Chakraborty, D. and Barman, R. (2014) A Study on Impact of Motivational Factors on the Growth of Rural Entrepreneurs of Assam, IOSR Journal of Business and Management, 16(3), 71-80.

Cromie, S. (1985) The Entrepreneurial Personality: A Few Ghosts Laid To Rest? International Small Business Journal, Vol. 3, pp. 43-53.

Franceis, P., Lapin, D. and Rossiasco, P. (2011) Securing Development and Peace in the Niger Delta: A Social and conflict analysis for change, United State of America: Woodrow Wilson International Center for Scholars.

Gangadhara Rao, N (1986), Entrepreneurship and Growth of Enterprise in Industrial Estate, Deep & Deep Publications, New Delhi, 1986, p. 131.

Gitile Naituli, Francis N. and Wegulo, Bertha Kaimenyi. (2008). Entrepreneurial Characteristics among Micro and Small- Scale Women Owned Enterprises in North and Central Meru Districts, Kenya. Paper presented at the Global Imaging Markets Conference at Delhouse, University, Nova Scotia, Canada.

Hornaday, J. & Aboud, J. (1971) Characteristics of Successful Entrepreneurs, Personnel Psychology, 24, 141-153.

Hornaday, J. & Bunker, C. (1970) The Nature of the Entrepreneur, Personnel Psychology, 23, 47-54.

Kalyani, Brinda. P. R & Kumar, Dileep M., (2011) "Motivational Factors, Entrepreneurship and Education: Study with reference to women in SMEs," Far East Journal of Psychology and Business, Far East Research Centre, vol. 3(2), pages 14-35, June.

Khadim Md Ekbal Hussain and Choudhury Soma Roy Dey (2018) Motivational Factors of Entrepreneurship in Micro and Small Enterprises: An Empirical Study in Cachar District of Assam, The Research Journal of Social Sciences, September 2018 volume 9 number 9.

Khanka, S. S. (2009), Motivational Orientation of Assamese Entrepreneurs in the SME Sector, Journal of Entrepreneurship, 18(2), 209-218.

Krueger, N. F. (1993) "Growing Up Entrepreneurial?": Developmental Consequences of Early Exposure to Entrepreneurship. Academy of Management Best Papers Proceedings, 1993, p80-84, 5p.

Krueger, N. (2003) The Cognitive Psychology of Entrepreneurship. In Z.J. Acs and D.B. Audretsch (eds.), Handbook of Entrepreneurship Research, 105-140, Great Britain: Kluwer Academic Publishers.

Lee, S. Y.; Florida, R. and Acs, Z. J. (2004) Creativity and Entrepreneurship: A Regional Analysis of New Firm Formation. Regional Studies, Nov2004, Vol. 38 Issue 8, p879-891, 13p.

Littunen, H. 2000. Entrepreneurship and the characteristics of the entrepreneurial personality. University of Jyväskylä, School of Business and Economics Centre for Economic Research. Research paper.

Locke, E. A. (2000). The Prime Movers, New York: Amacom.

Minniti, M., Bygrave, W. and Autio E. (2005) Global Entrepreneurship Monitor — 2004 Executive Report. London: Babson College and London Business School.

Morris, M. and Schindehutte, M. (2005) Entrepreneurial Values and the Ethnic Enterprise: An Examination of Six Subcultures, Journal of Small Business Management, Oct2005, Vol. 43 Issue 4, p453-479, 27p.

Mourdoukoutas, P. and Papadimitriou, S. (2002) Nurturing Entrepreneurship: Institutions and Policies Westport, Conn.: Quorum Books.

Panchal, R. & Dua, K. (2013), A Study On Motivational Factors for Becoming The Women Entrepreneur in Haryana (India), Abhinav International Monthly Refereed Journal of Research In Management & Technology, 2, 72-78.

Rajesh, V. (2012), Entrepreneurship in Small Scale Industrial Units, Doctoral Dissertation, Bharathiar University, Chennai.

Rauch, A. and Frese, M. (2007) Let's put the Person back into Entrepreneurship Research: A Meta-analysis on the Relationship between Business Owners' Personality Traits, Business Creation, and Success, European Journal of Work & Organizational Psychology, Dec2007, Vol. 16 Issue 4, p353-385, 33p.

Opafunso, Z. O. and Okhankhuele, O. T. (2014) Motivation as a Factor Responsible for Entreprneurial Growth in Nigeria: A case Study of Export Logistics Limited, Akure, Nigeria, Mediterranean Journal of Social Sciences, Vol.5 No.4, March 2014, pp.166-173 pg. 8.

Robinson, P. B. and Sexton, E. A. (1994) The Effect of Education and Experience on Self-Employment Success, Journal of Business Venturing 9(2):141-156 DOI: 10.1016/0883-9026(94)90006-X.

Robinson, P. B., Stimpson, D. V., Huefner, J. C. and Hunt, H. K. (1991) An Attitude Approach to the Prediction of Entrepreneurship, Entrepreneurship: Theory & Practice, Summer91, Vol. 15 Issue 4, p13-31, 19p.

Samuelsson, M. and Davidsson, P. (2009) Does Venture Opportunity Variation Matter? Investigating systematic process differences between innovative and imitative new ventures, Small Business Economics, Aug2009, Vol. 33 Issue 2, p229-255, 27p.

Schwartz, E., (1976). Entrepreneurship: A New Female Frontier, in Journal of Contemporary Business, Winter, 47-76.

Scott, C.E. (1986). Why More Women Are Becoming Entrepreneurs, Journal of Small Business Management. Vol. 24 (4), 37-44.

Scott, M.G., and Twomey, D.E (1988) "The Long Term Supply of Entrepreneurs: Students' Career Aspirations in Relation to Entrepreneurship," Journal of Small Business Management (October), 5-13.

Sharma R.A (1980), Entrepreneurial Change in Indian Industry, Sterling Publishers, New Delhi.

Sharma, P.N (1987), Development Banks and the New Entrepreneurship in India, National Publishing House, New Delhi.

Smilor, R. W. (1997) Entrepreneurship: Reflections on a subversive activity. Journal of Business Venturing, 12, 341–346.

Staff, W. G. (2017) 5 Motivational Factors that Drive People Towards Entrepreneurship, https://wealthygorilla.com/5-motivational-factors-that-drive-people-towards-entrepreneurship/ Retrived 14/4/2020.

Staw, B. M. (1991). Psychological Dimensions of Organizational Behavior. Sydney: MacMillan Timmons.

Stefanovic, Ivan, Prokic Sloboda, and Rankovic Ljubodrag (2010) Motivational and Success Factors of Entrepreneurs: The Evidence from a Developing Country, Zb. rad. Ekon. fak. Rij. 2010 vol. 28, sv. 2, 251-269.

Storey, D.J. (1994) Understanding the Small Business Sector, London: Routledge, 1994.

Subramanian, S. (2018) Motivational Factors to Become an Entrepreneur, International Journal of Management Research & Review, IJMRR/July 2018/ Volume 8/Issue 7/Article No-2/9-14.

Timmons, J. A. (2000): New Venture creation: Entrepreneurship 2000 (5thed.). Homewood, IL: Irwin. In J.R Baum and E. A. Locke (2004): The Relationship of Entrepreneurial traits, skill and motivation to subsequent venture growth. USA: copyright by the American Psychological Association. In journal of Applied Psychology. Vol. 89, No. 4, p. 588.

Uddin, Md. Mahi; Chowdhury, Mustafa Manir and Ullah Md. Maruf (2015) Barriers and Incentives for Youth Entrepreneurship Start-Ups: Evidence from Bangladesh, Global Journal of Management and Business Research: A Administration and Management Volume 15 Issue 4 Version 1.0 Year 2015.

Yimamu, Nadire (2018) Entrepreneurship and Entrepreneurial Motivation Thesis Centria University Of Applied Sciences, Business Management April 2018.

Yukongdi, V. (2018) Motivational Factors, Facilitators, Obstacles and Gender Differences: An Exploratory Study of Thai Entrepreneurs. PEOPLE: International Journal of Social Sciences, 4(1), 288-297. DOI-https://dx.doi.org/10.20319/pijss.2018.41.288297.

Downloads

Download data is not yet available.

##plugins.themes.bootstrap3.article.details##

How to Cite
Brownson, C. (2020). Internal Factors that Stimulates Business Startups in Southern Nigeria. European Journal of Business and Management Research, 5(4). https://doi.org/10.24018/ejbmr.2020.5.4.356