Author(s): Sunita Sukhija
Objectives: The purpose of the present study is to examine motivating factors, problems and prospects faced by entrepreneurs in Delhi. Research Methodology/Design: In the present study, descriptive research design has been used and 150 respondent’s positive and cooperative response is collected through a customized structured questionnaire, which included 25% of women entrepreneurs with the help of judgmental sampling from industrial area of Okhla, Najabgarh and Karnal Road in Delhi State. Data has been analyzed by data reduction techniques factor analysis to get the justifying results of motivating, problems and prospects of entrepreneurs. Findings: The findings with respect to the dimensions of motivating factors in case of Delhi, six factors have been extracted. These factors comprises of dissatisfaction from previous job and challenges, environmental assistance, infrastructural and social status, family history, self urge to excel and market potential and financial assistance. As far as the dimensions related to the problems faced by entrepreneurs is concerned, eight dimensions of problems have been explored on the data provided by respondents residing in Delhi. These factors are lack of support and knowledge, lack of major encouragements, lack of finance, lack of awareness, inadequate banking support, lack of skilled workers and marketing centres, lack of marketing facilities/Skills and lack of financial resources. As regards to the dimensions related to the future prospects of entrepreneurship and women entrepreneurs in Delhi is concerned, four factors have been extracted. These include government support, relaxation in micro finance schemes and vocational training, adequate training and support to women entrepreneurs. Practical Implications: Since government is pursuing for the future prospects of entrepreneurship and women entrepreneurs, this implies that they are doing well on such aspect. They are expected to frame specific schemes for SSI sector for the future prospects of entrepreneurship and women entrepreneurs. Generally, it has been suggested to organize awareness programmes at the schools and colleges by government agencies and regulatory authorities to educate the young blood about various opportunities they can avail to start their business rather than searching for the job, so as to make them job creators not the job seekers