“Towards Relationship of Age with Entrepreneurship in India”

Mrs. Smita Ritika Kenneth, Asst Professor

Mr. Amit Singh, Asst.Professor

Ms. Ashi Sharma, Asst.Professor

Ms. Tanu Bhatnager, Asst.Professor

Department Of Business Administration

SR Group of Institutions,

Jhansi (U.P).

Entrepreneurship is a major force in the Indian economy, encompassing businesses frompart-time, home-based work to major enterprises. Three major causes of the importance of entrepreneurship are making wealth, developing technology and creating productive employment. Entrepreneurship is the process of producing employment and making profit from valuable combination of sources. An entrepreneur is the person who undertakes to organize, run and accept the risks of an economic activity. He is a body of psychological characteristics such as risk taking, creativity, innovation, internal control, independence, progress motivation and so on. He plays an important role in the movement of economic development and are considered as the sources of the great evolution in fields of industry, production and services at organizations. The study indicated that, along with age, other biographical characteristics including gender, marital status, employment, birth arrangement, parents‟ education level, also have meaningful relationship with the entrepreneurial spirit.

Overall, entrepreneurship can reasonably be seen as money-making through participationin any part of the process of establishing, operating, or investing in business ventures. Thisdefinition covers self-employment, including innovative as well as copycat businesses, andmakes no requirements as to the hours spent in the business, the percentage of ownership, orlegal structure, nor does it make any assumptions about the size of the financial ambitions of theentrepreneur.

The present study of the researcher aims at investigation of different age groups and its correlation to entrepreneurial spirit.

Key words: - Entrepreneur, age group, correlation spirit