Nature and Characteristics of

Entrepreneurship

1. Innovative function
2. Organizing function
3. A function of group level pattern
4. Managerial and leadership functions
5. Gap filling function

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 Nature and Characteristics of
Entrepreneurship

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 Barriers of Entrepreneurship

Lack of worthwhile concept

Lack of market knowledge
Lack of technical skill
Lack of initial capital
Lack of motivation
Time pressure and distractions
Inhibitions due to patents

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 Barriers of Entrepreneurship

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 Government/Political Action

Government encourages entrepreneurship by creating

basic facilities, utilities and services and by providing
incentives and concessions

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