The Impact of Mentorship and Funding Support on Stimulating Entrepreneurship Motivation among Family Members

Abstract

This study investigates and assesses factors that influence entrepreneur’s motivationto start up a project and explores government support programs. A study model wasdeveloped, and a quantitative approach was used for this purpose to collect data frompotential entrepreneurs among family members. Two influential factors were used in thestudy that would impact entrepreneur’s motivation which are mentoring and funding support.This study is based on the expectancy theory to investigate impact on entrepreneur’smotivation. A simple random sampling approach was used on the targeted population andstudy results were tested to determine their validity. The findings show that the existenceof mentorship and accessible funding support have a favorable relationship and remarkableimpact on motivation of entrepreneurs especially in the early stages of the project. Thestudy indicates that entrepreneur’s ideas and goals would not be achieved without properfunding. Potential entrepreneurs may not be able to start their own business people andface the risks in the absence of financial support. It is critical to enhance the understandingof potential entrepreneurs in the early stages on how such substantial efforts might benefittheir entrepreneurial journeys. The study suggests focusing on mentorship and funding supportprograms to stimulate potential entrepreneurs in Bahrain. This step can attract andincrease investment in the market and contribute to economic growth of the country.