Question

As with all decisions in life, making the move to entrepreneurship is a decision that reflects the perceived utility of alternative courses of action”

Answer 1

Push factors are factors that push someone away from their current state.

Pull factors are factors that attract someone to a new state.

With that and the quote in mind, lets list the factors down that might affect my decision of becoming an entrepreneur.

Push Factors-

• A day to day job is not satisfying in the long run. While my current job pays the bills, I am just a cog in the big machine and that doesnt feel satisfying and doesnt seem like I am doing something I really want to do.
• The current job also has hierearchy that I must adhere to, rules that I must follow and people I must listen to and obey. This is something that pushes me away from it.

Pull factors-

• Entrepreneurship will give me a chance to contribute positively to the society. It is where I can feel good morally and spiritually also.
• The monetary rewards can also be extremely high. While there is risk, if succesful I will reap monetary rewards far beyond my current job.

Key inhibiting factor

The key inhibiting factor right now is the monetary stability my current job provides. I have loans to repay, rent to pay and other spendings that give me a comfortable lifestyle. All these will have to be sacrificed, at least initially, if I become an entrepreneur.