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The Individual Entrepreneur

The Individual Entrepreneur. Entrepreneurial Feelings. Locus of control Internal External Feelings about Independence Need for Achievement Risk-taking. Entrepreneur Background & Characteristics. Childhood Family Environment Birth order Parents’ occupation Social status

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The Individual Entrepreneur

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  1. The Individual Entrepreneur

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

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

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

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

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

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

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

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

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