Definition Of

Solo and Network Entrepreneurs

Solo entrepreneurs are those who identified their business idea on their own and network entrepreneurs are those who identified their ideas through social contacts. The researchers found that network entrepreneurs identified significantly more opportunities than solo entrepreneurs but were less likely to describe themselves as being particularly alert or creative.

Share it:

More from this Section

  • New Venture Team
    A new venture team is the group of founders, key employees, and advisers that either manage or help manage a new business in its start-up years.
  • Multiple-unit franchisee
    An individual, who owns and operates more than one outlet of the same franchisor, whether through an area or a master franchise agreement, is called a multiple-unit franchisee.
  • International new ventures
    International new ventures are businesses that, form inception, seek to derive significant competitive advantage by using their resources to sell products or services in multiple countries.
  • Nondisclosure and Noncompete agreement
    There are also two important written agreements that the majority of firms ask their employees to sign. (1) A nondisclosure agreement- a promise made by an employee...
  • Buying Intentions Survey
    Buying intentions survey is an instrument that is used to gauge customer interest in a product or service. It consists of a concept statement or a similar description of a product...
  • Balance sheet
    Balance sheet is a snapshot of a company’s assets, liabilities, and owners’ equity at a specific point in time. The left-hand side of a balance sheet (or the top, depending on how...
  • Anticipatory purchasing
    Anticipatory purchasing is a purchasing agent stockpiles an extremely large supply, well in advance of need, anticipating future problems.