Abstract
The term ‘Entrepreneurship’ has many definitions. Schumpeter (1965) associates it with individuals who exploit market opportunities, Drucker (1970) relates it to the practice of starting new organizations and Hirsch (1990) characterizes an entrepreneur as someone who demonstrates initiative and creative thinking. Drawing from the French word ‘Entreprendre’ which means ‘undertaking’, we believe that Entrepreneurship in its crudest form is undertaking risk to run a business venture. Going by this conviction, we have done a study on the Paying Guest accommodation owners in Bangalore. According to us, they are ‘Entrepreneurs’. Their business idea may not be creative, but they do undertake risks, invest carefully, and go through all the challenges that any other Entrepreneur faces. This paper revolves around two research questions. (I) What motivates a person to start a Paying Guest accommodation business and (2) what are the challenges faced by these PG owners? To arrive at the answers, face-to-face interviews with P.G. owners were conducted. Findings throw light on push and pull factors influencing the PG owner’s decision to take up such a business venture. Challenges faced by these PG owners also have been explained.
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