Factors That Encourage Entrepreneurial Aspirations To Initiate New Business: A Study Of Top B-Schools In India.

Abstract

As the global population continues to increase daily, unemployment remains a significant challenge, with job opportunities not expanding at the same rate. The economies of India and other developing nations are particularly affected by this rising unemployment problem. Therefore, this study examines the factors that encourage entrepreneurial aspirations to start a business. This current study explores the effect of self-adequacy, family assistance, strong passion and desire for recognition on entrepreneurial aspirations. With the help of these factors, the young generation may initiate their business ventures. The data was gathered through a questionnaire and 256 young graduates and post-graduates from top B-schools in India were responded. The data collected were analyzed through descriptive and inferential statistics. For the analysis of data, SPSS & Smart PLS 4 have been used. The result of the current research illustrated that self-adequacy, family assistance, strong passion and desire for recognition have a positive impact on the entrepreneurial aspirations of the young generation.