Johnny Ch Lok

The Difference Between Economy And Psychology Factors Johnny Ch Lok

Generally, small or medium scale enterprises include the production of light consumer products that are primary related to food and beverages, clothing, electrical parts, automotive parts, manufacture, leather product, soap and detergents, woodworks. Small scale businesses are divided into three sectors: production sector of agricultural processing, manufacturing, and mining . Service sectors and trading sector including wholesales and retails. The purpose to examine factors influence performance of both small and medium scale businesses . Thus, what variable factors can influence small or medium scale businesses. An increasing number of psychologists believed that motivation and goals of an entrepreneur affect business performance. The motivation of an entrepreneur determines success of such from small scale to medium scale entrepreneurs. The reasons to motivate entrepreneur, it is possible that because of economic status and survival. Thus, motivation is as a factor shows a strong relation to business performance. The financial resources challenges will influence entrepreneur's effort of motivation include: inability to control costs, inadequate competent staff and problems of policies, incentives and operation etc. financial challenges factors. In conclusion, however, entrepreneur's goals and motivation will influence whose business performance from small scale to medium scale to large scale expansion for whose entrepreneurship growth for long term.