Factor Analysis of Entrepreneurial Motivation and Entrepreneurship Success

Few studies have been made on the factors influencing entrepreneurial motivation and entrepreneurship success in local context. The writer of this essay adapted from western constructed scales and conducted a survey to the entrepreneurs of small? and? medium-sized? enterprises in Changsha, Hunan Province.Through analysis, this paper extracts three components: "sense of achievements", "individual independence" and "interior factor" as the factors influencing entrepreneurial motivation in the local context, and extracts four components: "social position", "management ability", "business support" and "entrepreneur attributes" as the factors influencing entrepreneurship success in the local context.