Theoretical frame work and hypothesis:The main concept behind the whole survey is to analyze the main factors of engaging in entrepreneurship. The main indicators of any countrys economic situation are how favorable the conditions are for the working of small and medium enterprises. We will look at many factors which boost the chances of becoming entrepreneurs and the impact which human, social, cultural and financial capital on nascent entrepreneurs.

Human Capital:Human capital provides ample chances to become entrepreneurs, the education, the knowledge and the skills which individuals possess can be of great help for them as an entrepreneurs. In our survey we found that among our respondents 32 percent of our respondents had an education of high school and secondary level followed by 26.9 percent at primary level and 19 percent at university level where as the illiterate entrepreneur are the lowest with only 1 percent. Thus we can positively say that H1: there is a positive relation between education and formal entrepreneurship.

Social Capital:Having strong social capital means more support for the entrepreneurship activity thus you can have more helping hand for physical and moral support and will also have someone who you can trust with matters relating to competition and finance. In our survey data this is also demonstrated by the stats which shows that the biggest number of entrepreneurs in our survey have the family size of five to six persons which represents around 36 percent among our respondents and then 32 percent represent the family size of three to four persons. Have strong social capital means you can share the collective economic and financial benefits among the family and have increased cooperation. You can enjoy the value of networks among the social circle and have increased understanding in the community which can help you in the venture.H2: We can say that there is a high relevance among high social capital and becoming a formal entrepreneur. Entrepreneurial entry:Having a financial capital is compulsory to start any new entrepreneurial entry. More finance can mean more chances to manage the business in more good way dealing with all cash flow problems or identifying new opportunities. There can be mixed review on this matter especially there will be difference among developed and developing countries with government state and efficient fianc system. In our survey we have also found a strong indication which can lead us to believe that strong financial capital provides more chances of becoming a successful entrepreneur. H3: There is positive relationship with having strong finance with more chances of becoming entrepreneur. Method:We have used data collected in different markets of Lahore to test our hypothesis. We would like to know what factors can be motivating a potential entrepreneur to start a new project. The city of Lahore consist of many markets which are divided into specialist market for example the Hafeez center is specifically famous for selling electronics products like computers, mobiles and accessorize and other services that are linked to telecom and information technology and in the other part of Lahore the market in karim block is specifically famous for selling garments. A random sampling was used to conduct our surveys which provided representative sample of the small and medium sized businesses in Lahore. We have adopted a questionnaire method to take our interviews and visited Hafeez center and karim block ourselves to take interview of the shop keeper and business owners. The questionnaires we have asked in different parts are the same so it is more standardized data which we are collecting. We have collected information about the people entrepreneurial activities. We have also collected information on several other variables which can give more information of the entrepreneurial activities or the motivating factors which leads towards entrepreneurship. We have conducted interview and presented questionnaires to the respondents who are early into the entrepreneurial process thus giving us more information about their venture. Study Participants:The data used in this study were collected from 1200 adults in the city of Lahore. Our sample consisted of 1200 men. Respondents age ranged from 18 to 64 years with a mean of 37.4 years. We have scattered our areas around the different markets of Lahore with 25% respondents in Hafeez centers and 25 % respondents in the area of Iqbal town, while the remaining respondents were from other parts of the city.

Dependent variable:Our dependent variable is anybody who owns or manages his/her entrepreneur business. If the respondent is not involved in any entrepreneur activity the data will be irrelevant for our survey.

Independent Variable:There are many independent variables in our survey which are education, family size, cultural capital, income, age and marital status. Education can boost the skill level and hence indicates as a measure of human capital. We have given five options for education which (illiterate, primary, secondary, intermediate, master). Family size also represented by (less than three persons to seven or more) which also can be a positive indication linked with having more family business to having increased support the cultural capital is also stated with the options (no family business to more than two family business) income is also an indicator of financial stability and show the potential ability of the respondent to become an entrepreneur. Age is also represented with the options (18 to 41 or over) and marital status as yes/no options. The starting option is the base value option for example the minimum age of respondents is 18 with which the interviews are taken.