What Motivate Youths to Start a Business: An Empirical Evidence from Eastern Nepal

Abstract

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.

A Multivariate Analysis of the Interest in Starting Family Businesses within a Developing Economy

“…A study examining young people’s reasons for starting a business in Nepal [ 44 ] showed that profit potential, difficulties in finding jobs, but also the desire to do something new through entrepreneurship are the main factors that motivate young people; only a few of them were motivated by the desire to continue the family business. In another study, analyzing both the expectations of young people and the experience gained by young entrepreneurs, Le Nguyen Doan [ 45 ] found that the most important reasons for starting a business were the continuation of family tradition, the need to be independent and the desire to succeed on their own.…”