“…In this context, motivations for starting a business are a function of the goals one hopes to accomplish, which can include extrinsic and intrinsic motivators. Extrinsic motivators typically refer to obtaining monetary compensation, building equity in the firm (Langan-Fox and Roth, 1995), earning supplemental income after retirement (Aspaas, 2004), acquiring personal wealth, increasing personal income, and/or increasing income opportunities (Kuratko et al, 1997). Intrinsic motivators, on the other hand, include psychological rewards such as self-fulfillment (Aspaas, 2004;Kuratko et al, 1997;Robichaud et al, 2001), an opportunity for creative expression (Aspaas, 2004), personal growth, recognition, challenge, excitement and satisfying a need for achievement (Kuratko et al, 1997;Robichaud et al, 2001).…”