Business Creation
Ten Factors for Entrepreneurial Success
Paul D. Reynolds
Extract
Committed nascent entrepreneurs, those serious about seeing if they can create a new business, are the majority of those pursuing business creation. Exploratory nascent entrepreneurs, who are making tentative steps but are not sure about this career choice, are a substantial minority. In either case, there are ten things to know about the entrepreneurial experience. 1. It can be very satisfying. The sense of satisfaction and self-confidence among those that create successful businesses is obvious at every turn. Further, most that get involved and discover that their initiatives may not be viable find it a rewarding experience and often pursue other start-up efforts. On the other hand, it is not for everybody and in most developed countries the majority do not participate in business creation.
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