Entrepreneurship is: The "Process by which individuals - either on their own or inside organisations - pursue opportunities without regard to the resources they currently control"(Sevenson, Roberts & Grousbeck, 1989( in Giannantonio, C.M. & Hurley-Hanson, A.E. 2016.)

characteristics of successful entrepreneurs

why entrepreneurs fail despite planning

approaches entrepreneurs may use to identify business opportunities

business feasibility analysis

how it is done

why it is important

industry and competitor analysis

purpose

how such analyses may be conducted

business plan

What should be included

how to present a business plan to potential investors.

forms of organizations available to new firms (in Finland)

sources of funding for entrepreneurial firms

Venture Capital

Crowdfunding

Business Angels

Leasing

Demographic variables

Work and non-work experiences

Family background variables

Having a role model who is an entrepreneur may lead to the child pursuing entrepreneurship (Eccles, 1993; Aldrich & Kim, 2007; Uusitalo, 2001)

Absent father (not present or involvend in their life, who was never home, or was perceived as being missing or weak, or having no father figure in their life (Kaplan, 2007)

Controling, domineerin, and unsupportive mothers (Dvir & Pines, 2007; Kets de Vries, 1996; Pines, 2003; Pines et al., 2002)

Entrepreneurial careers can happen at many different ages (Katz, 1994; Shaver & Scott, 1991; Singh & DeNoble, 2003; Schweikart & Doti, 2009)

Most companies founded by older individuals

Tend to be first-born children or "the child that the parents were counting on, a state of mind that could be called being first born psycholigically" (Kaplan, 2007)

Men more likely to start new firms than women (Reynolds & Miller, 1989)

Enrolling in certain college classes

Hobbies and clubs

Dropping out of high school or college

International travel

Failure has role on later success by providing information and knowledge for the entrepreneur which helps them to improve the performance of their subsequent ventures (Eggers & Song, 2015)

Previous startup experience has positive effect on success of a venture

Education = investments individuals make in themselves - returns from educational attainment in terms of pay, promotions, job satisfaction, and achievement of personal goals are significant (Baruch & Leeming, 2001; Judge et al., 1995; Psacharopoulos, 1985)

Important factors

Quantity

Quality

Bachelor's degree from a top ranked college or master's degree in business are important in order to move into top corporate management (Useem and Karabel, 1986)

Small number of schools have produced a large number of leaders (Pierson, 1969)

Types of entrepreneurs

Novice

Habitual

Forms only one company

Start more than one firm

Serial entrepreneur - starts more than one firm but does not retain the previous firm

Portfolio entrepreneur - starts more than one firm but doesn't leave previous firms

Venture repeater - usually starts the next venture out of necessity or in response to their current situation

Opportunistic serial venturers - want to develop a new firm and are actively looking for opportunities