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
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?