2Entrepreneurial Feelings Locus of controlInternalExternalFeelings about IndependenceNeed for AchievementRisk-taking
3Entrepreneur Background & Characteristics Childhood Family EnvironmentBirth orderParents’ occupationSocial statusRelationship with parentsEducationPersonal ValuesAgeWork History
4Motivation What makes an entrepreneur take these risks? Top reason= IndependenceMen= MoneyWomen= Job satisfaction, achievement, opportunity, money
5Role Models & Support Systems Support NetworkDensityCentrality
6Role Models & Support Systems Types of NetworksMoral-SupportProfessional-SupportMentorBusiness associatesSuppliersTrade associationsPersonal affiliations
7Men v. Women as Entrepreneurs Start-upDeparture pointsStart-up financesOccupational backgroundPersonalityBackgroundSupport groupsType of business started
8Minority Entrepreneurship African–American entrepreneurs“Average” minority owner15.8% of U.S. businesses have a minority share in ownership5.8% Hispanic-American4.4% African-American4.0% Asian-American1.0% Native American
9Entrepreneurs v. Inventors What’s the difference?