Development and Validation of a Scale for Assessing Entrepreneurial Challenges

Authors- Assistant Professor Dr.A.Sudhanraj

Abstract-In particular, the study on entrepreneurship in India sees intention, motivation, behavior, and characteristics as interchangeable. This article argues that entrepreneurial challenges should be considered separately and measured objectively to draw meaningful conclusions. The authors propose developing a scale tailored to the Indian context to measure these challenges. The study’s sample consisted of 85 potential women entrepreneurs. Using factor analysis through the principal components method, six key dimensions of entrepreneurial challenges were identified: financial sustainability, organizational effectiveness, decision-making, personal risk, leadership and team building, and dealing with competition. The strength of these dimensions was assessed using a Likert-type five-point rating scale.

DOI: /10.61463/ijset.vol.12.issue4.231