Promoting youth entrepreneurship in Lagos, Nigeria - SNHU ...

3.7.7 Perceived incentive/motivation to start-up Own Business:# Answer Response %1 Earn more money and become rich 7 41%2 to be your own boss 13 76%3to seek the challenge (to compete withothers)5 29%4 to be respected 4 24%5 to do something new 7 41%6 to realize your ideas/vision 12 71%to connect your job/business with7your passion/hobbyFigure 19: Perceived incentive to own a business9 53%When asked about their motivation or incentive for participating in entrepreneurship, 76% saidthat participating in a business is because they wants to be their own boss, 76% said they wantedto earn more money and become rich, 29% said challenges, 24% wanted to be respected, 41%said they want to do something new, 71% said they want to realize their own vision /ideas and53% said their man motivation was to connect with their passion or hobby in business.3.7.8 Career choice:# Answer Response %1 I did not have another choice! 5 28%2I had other options, but l recognizeda business opportunity!13 72%Total 18 100%Figure 20: Career choiceMore than one-third of the youth responded that they had other options, but recognized businessas an opportunity. While 28% said they don‘t have another choice. When you look at it critically,the majority said that they have needed passion to run an enterprise and not because there was noother option for them.The motivation to engage in business and the decision to become an entrepreneur is closely linkedto the level of awareness and familiarity with the concept of entrepreneurship as being a viablecareer path3.7.9 Major factors that influences entrepreneurship decision:47