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The Individual Entrepreneur. Entrepreneurial Feelings Locus of control Locus of control Internal Internal External External Feelings about Independence.

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Presentation on theme: "The Individual Entrepreneur. Entrepreneurial Feelings Locus of control Locus of control Internal Internal External External Feelings about Independence."— Presentation transcript:

1 The Individual Entrepreneur

2 Entrepreneurial Feelings Locus of control Locus of control Internal Internal External External Feelings about Independence Feelings about Independence Need for Achievement Need for Achievement Risk-taking Risk-taking

3 Entrepreneur Background & Characteristics Childhood Family Environment Childhood Family Environment Birth order Birth order Parents’ occupation Parents’ occupation Social status Social status Relationship with parents Relationship with parents Education Education Personal Values Personal Values Age Age Work History Work History

4 Motivation What makes an entrepreneur take these risks? What makes an entrepreneur take these risks? Top reason= Independence Top reason= Independence Men= Money Men= Money Women= Job satisfaction, achievement, opportunity, money Women= Job satisfaction, achievement, opportunity, money

5 Role Models & Support Systems Role Model Role Model Support Network Support Network Density Density Centrality Centrality

6 Role Models & Support Systems Types of Networks Types of Networks Moral-Support Moral-Support Professional-Support Professional-Support Mentor Mentor Business associates Business associates Suppliers Suppliers Trade associations Trade associations Personal affiliations Personal affiliations

7 Men v. Women as Entrepreneurs Start-up Start-up Departure points Departure points Start-up finances Start-up finances Occupational background Occupational background Personality Personality Background Background Support groups Support groups Type of business started Type of business started

8 Minority Entrepreneurship African–American entrepreneurs African–American entrepreneurs “Average” minority owner “Average” minority owner 15.8% of U.S. businesses have a minority share in ownership 15.8% of U.S. businesses have a minority share in ownership 5.8% Hispanic-American 5.8% Hispanic-American 4.4% African-American 4.4% African-American 4.0% Asian-American 4.0% Asian-American 1.0% Native American 1.0% Native American

9 Entrepreneurs v. Inventors What’s the difference? What’s the difference?


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