Open AccessWhat Motivate Youths to Start a Business: An Empirical Evidence from Eastern Nepal
Author(s) -
Arjun Rai,
Chandra Kumar,
Khagendra Adhikari,
Min Bahadur Karki
Publication year - 2021
Publication title -
deleted journal
Language(s) - English
Resource type - Journals
ISSN - 2091-1734
DOI - 10.3126/jom.v4i1.38657
Subject(s) - start up , entrepreneurship , profit (economics) , business development , marketing , survey data collection , business , psychology , business administration , economics , finance , statistics , mathematics , microeconomics
This survey attempted to explore the motivating factors of young entrepreneurs in eastern Nepal to start a business. Primary data were collected from 204 young entrepreneurs from eastern Nepal using a self-administered questionnaire. The collected data were coded, entered, and processed in the Statistical Package for the Social Science (SPSS, version 25). This survey used a quantitative technique to analyze the collected data. The study's findings revealed that most young entrepreneurs of eastern Nepal were motivated by profit potential to start the business, followed by a perceived difficulty tofind a job in Nepal and willingness to do something new through entrepreneurial activity. The least number of entrepreneurs had started their business for legacy purposes and to take advantage of a supportive business network.