Situational factors and entrepreneurial intentions

Entrepreneurship can provide a satisfying and rewarding working life, providing a flexible lifestyle and considerable business autonomy. It is becoming an increasingly important career option for school and university graduates. At a national level, entrepreneurial activity contributes to prosperity and economic growth {Hindle, 2000 #316}. Economies are more robust if there are people who can combine technical knowledge with business acumen, and thereby also compete in a world market. Understanding the factors that influence and shape individuals’ intentions of starting a business is critical if programs and policies are to be developed to encourage entrepreneurial behaviour.