MOTIVATION

_{Motivation is the act of stimulating someone or oneself to get a desired course of action, to push the right button to get the desired results.}

_{MOTIVATING FACTORS}

_{·    Education background}

_{·    Occupational experience}

_{·    Family background}

_{·    Desire to work independently in manufacturing line}

_{·    Assistance from financial institution}

_{·    Availability of technology}

_{·    Other factors}

_{WHO IS AN ENTREPRENEUR?}

_{ENTREPRENEUR IS A PERSON WHO BRINGS IN CHANGE THROUGH INNOVATION FOR THE MAXIMUM SOCIAL GOOD.}

_{DEFINITION OF AN ENTREPRENEUR: JOSEPH A. SCHUMPETER DEFINES ENTREPRENEUR FOR AN ADVANCED ECONOMY AS:}

_{·    AN INDIVIDUAL WHO INTRODUCES SOMETHING NEW IN THE ECONOMY}

_{·    i.e. METHOD OF PRODUCTION (NEW).}

_{·    A PRODUCT}

_{·    RAW MATERIAL}

_{·    NEW MARKET.}

_{DEFINITION OF ENTREPRENEUR}

_{·    IN CASE OF A DEVELOPING ECONOMY}

_{·    ONE WHO STARTS AN INDUSTRY OLD OR NEW, UNDERTAKES RISK, UNCERTAINITIES}

_{·    PERFORMS MANAGERIAL FUNCTIONS.}

_{PETER DRUCKERS SAY:}