Portfolio entrepreneurship
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Portfolio entrepreneurship

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portofolio entreprenuership is the emerging trend

portofolio entreprenuership is the emerging trend

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  • 1. By- Sudhansu Sethi Saurabh jain Yogesh pareek Rahul kumarCentral university of rajasthan Mba-2 nd semi
  • 2. Entrepreneurship The idea of entrepreneurship as the ‘identification, evaluation and exploitation of an opportunity’.
  • 3. Types of Entrepreneurs Type 1 refers to as the “one-shot entrepreneur,” who successfully builds a big enough business and becomes a CEO of his own company. Type 2 is the “drop-out entrepreneur” those who build successful businesses before either selling or forced to move out of the businesses they created. Type 3 refers to as “business generators” and are more generally known in literature as habitual entrepreneurs.
  • 4. New Classification Individuals considering establishing a business are called nascent entrepreneurs. Novice entrepreneurs are first time entrepreneurs hence, have no prior business experience. Habitual entrepreneurs engage in repeated entrepreneurial behaviour and are therefore experienced entrepreneurs.
  • 5. The habitual entrepreneur The term habitual entrepreneur was originally coined by “Jennifer Starr.” These entrepreneurs enjoy the excitement and challenge of start ups so much so that once successful, they become bored. Although they continue to own the business, they prefer to employ professional management and then turn and start other ventures.
  • 6. Types of Habitual Entrepreneur The serial entrepreneur, those who own one business after another but only one business at a time. The portfolio entrepreneur those who own more than one business at a time.
  • 7. Types
  • 8. Portfolio Entrepreneurs “individuals who currently have minority or majority ownership stakes in two or more independent businesses that are either new, purchased and/or inherited.”
  • 9. What is portfolioentrepreneurship? A portfolio entrepreneur owns multiple businesses at the same time. Key success factors here are partners and delegation. Ideally this should be something all entrepreneurs do.
  • 10. Related literature to portfolio entrepreneurship Family business In the context of family businesses, habitual entrepreneurs add new businesses and thereby form business groups based on different motives. This entrepreneurial activity may be planned or serendipitous in nature and that family businesses do not remain the same through the generations.
  • 11. Families as actors for portfolioentrepreneurship
  • 12. The corridor principle ‘The mere act of starting a venture enables entrepreneurs to see other venture opportunities they could neither see nor take advantage of until they had started their initial venture.’ Study strongly found that those who start a second venture quickly after the initial venture had longer entrepreneurial careers than those who did not.
  • 13. + Aspects It is reasonable that portfolio entrepreneurs use a variety of heuristics in deciding to pursue and exploit identified opportunities. Portfolio entrepreneurs would most likely have good networks/contacts around them. Successful portfolio entrepreneurs are unarguably experienced business founders.
  • 14. Sources of Income
  • 15. Conclusions ♦ Almost 1 in 5 farm households operate another business. ♦ Portfolio entrepreneurship important to the rural economy growth engine.
  • 16. ExampleChristopher Fogg, aportfolioentrepreneur