Lifestyle entrepreneur Lifestyle entrepreneur is the person who starts a business to reduce work hours and create a more relaxed lifestyle.
Classic entrepreneur Classic entrepreneur is a person who identifies a business opportunity and allocates available resources to tap that market.
Social entrepreneur An individual or organization who seeks out opportunities to improve society by using practical, innovative, and sustainable approaches
Entrepreneurial & Managerial services Entrepreneurial services refer to those services that generate new market, product, and service ideas.
Managerial services are the routine functions of the firm
Prior entrepreneurial experience Prior entrepreneurial experience is one of the most consistent predictors of future entrepreneurial performance. Because launching a new venture is a complex task, entrepreneurs with prior start-up experience have a distinct advantage.
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.
Entrepreneurial alertness A sixth sense of entrepreneurs that allows them to see opportunities that others miss, is called entrepreneurial alertness which is defined as the ability to notice things without engaging in deliberate search.
Entrepreneurial process The entrepreneurial process consists of four steps:
Step 1 Deciding to become an entrepreneur,
Step 2 Developing successful business ideas...
Entrepreneurial Firms Entrepreneurial firms are companies that bring new products and services to market by creating and seizing opportunities. Google, eBay, and Apple are well-known, highly successful examples of entrepreneurial firms.
Entrepreneurial intensity Entrepreneurial intensity is referred to the position of a firm on a conceptual continuum that ranges from highly conservative to highly entrepreneurial.
Definition
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