Portfolio entrepreneur and serial entrepreneur

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Small Business Economics, 39 , — View 3 excerpts, cites background. Failing firms and successful entrepreneurs: serial entrepreneurship as a temporal portfolio. Entrepreneurial performance is almost always confounded with firm performance. In this paper we argue for an instrumental view of the firm by formally showing that entrepreneurs can amplify their … Expand. Determinants of novice, portfolio, and serial entrepreneurship: an occupational choice approach.

Small Business Economics. In this paper, we first develop an original theory in which, based on their individual skills and the quality of their business, entrepreneurs can keep their original business and thus remain novice … Expand.

Uncovering the effects of prior founding experience of entrepreneurs on early board selection. This study aims to show what type of directors founders or entrepreneurs first appoint to the board and how these appointments differ across experienced and novice entrepreneurs. Entrepreneurial experience and access to critical resources: a learning perspective. Purpose — Previous studies demonstrate that novice entrepreneurs access fewer resources than experienced portfolio entrepreneurs.

From an entrepreneurial learning perspective, the purpose of this … Expand. View 1 excerpt, cites background. SMEs international growth: The moderating role of experience on entrepreneurial and learning orientations. International Business Review. Abstract New and small firms operating in the high-tech environments need strong entrepreneurial EO and learning LO orientations to enhance international growth. Yet, the relationship between … Expand.

Are Serial Entrepreneurs Different? An Examination of Australian Microfirms. Abstract Serial entrepreneurs are business owner-operators who commence, operate and dispose of a number of business ventures. Whilst most entrepreneurial activity is related to one specific venture, … Expand.

To encourage economic development policy makers and practitioners need to understand the backgrounds and objectives of entrepreneurs who own businesses in rural as well as urban areas. In this study … Expand. He chartered a plane and filled it with other bumped passengers by offering a cheap one-way trip to their destination.

He then used his existing partnerships with cash-rich allies to establish the airline without spending or depleting his own reserves. But he saw an opportunity and set things in motion, leaving the rest to a group of experts.

This is the strength of portfolio entrepreneurs. Plus, they understand that people are now living longer but businesses and business ideas have shorter lifespans, so these entrepreneurs have the knack to jump on the opportunity before competitors do.

Research shows that portfolio entrepreneurs living in small towns, where they know everybody in a position of influence, will sometimes start or buy a business to increase their own reach in the community, rather than purely for profit. A portfolio entrepreneur in a large city will often add a venture as a way to increase personal freedom, such as starting a specialty travel business to satisfy a passion for travel while still making money.

He sensed an opportunity to expand an existing farm by buying a second one for his son. Years later, they partnered to buy a third farm and then more land, before diversifying their portfolio with ownership in an abattoir, a trucking business, and a car repair shop.

All of the latter were extensions and solutions to problems faced by their existing businesses. And it all happened without a business plan but with trusted partners. He looked at what was the worst that could happen and made sure he could survive the loss. And once a business generated a surplus, he used the extra cash to fund the next business. Portfolio entrepreneurs will often have fellow investors and mentors check out the potential of turning opportunities into viable businesses.

That is how they minimize the downside in terms of costs, time, and effort.