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Founders are pivotal to the success of any new business. Founders bring the original business idea to the table, and influence the organizational culture and values and goals of the initial managers and employees. This book covers a variety of topics about founders, beginning with an overview of the motivational traits of prospective entrepreneurs, the role that entrepreneurs play in launching new businesses, the personality traits and skill sets of those who seek to form new business, and a discussion of some practical issues relating to founders with respect to their preformation duties and liabilities, particularly their relationships with prior employers, and their relationships and agreements with other members of the founding group. The book also examines the influence that founders have on the organizational culture of their firms and the positions that founders occupy if and when their firms complete an initial public offering of their securities. This book is a "must have" guide for prospective entrepreneurs. It is also an excellent resource for attorneys and other professionals advising their clients, as well as academics teaching entrepreneurship classes. Chapter 1 examines the motivational attributes of entrepreneurs. It considers such factors as the need for achievement, risk tolerance, locus of control, and belief in self efficacy, among others.

Founders are pivotal to the success of any new business. Founders bring the original business idea to the table, and influence the organizational culture and values and goals of the initial managers and employees. This book covers a variety of topics about founders, beginning with an overview of the motivational traits of prospective entrepreneurs, the role that entrepreneurs play in launching new businesses, the personality traits and skill sets of those who seek to form new business, and a discussion of some practical issues relating to founders with respect to their preformation duties and liabilities, particularly their relationships with prior employers, and their relationships and agreements with other members of the founding group. The book also examines the influence that founders have on the organizational culture of their firms and the positions that founders occupy if and when their firms complete an initial public offering of their securities. This book is a "must have" guide for prospective entrepreneurs. It is also an excellent resource for attorneys and other professionals advising their clients, as well as academics teaching entrepreneurship classes. This chapter offers an overview of how organizations come into existence and identifies what roles the entrepreneur plays in that process, the activities that the entrepreneur might be engaged in during the process, and the skills that the entrepreneur should acquire in order to be effective in that process.

Founders are pivotal to the success of any new business. Founders bring the original business idea to the table, and influence the organizational culture and values and goals of the initial managers and employees. This book covers a variety of topics about founders, beginning with an overview of the motivational traits of prospective entrepreneurs, the role that entrepreneurs play in launching new businesses, the personality traits and skill sets of those who seek to form new business, and a discussion of some practical issues relating to founders with respect to their preformation duties and liabilities, particularly their relationships with prior employers, and their relationships and agreements with other members of the founding group. The book also examines the influence that founders have on the organizational culture of their firms and the positions that founders occupy if and when their firms complete an initial public offering of their securities. This book is a "must have" guide for prospective entrepreneurs. It is also an excellent resource for attorneys and other professionals advising their clients, as well as academics teaching entrepreneurship classes. Chapter 3 explores some of the research that has been done on the personality traits of founders and most of the work in this area has been done by researchers interested in the overall phenomenon of entrepreneurship. Founders start businesses for numerous reasons, and it is difficult to identify a set of personality traits that can associated with everyone who starts a new business. In fact, a fair number of businesses are started for reasons not chosen by the founder, such as when the founder loses his or her job with an employer.

Founders are pivotal to the success of any new business. Founders bring the original business idea to the table, and influence the organizational culture and values and goals of the initial managers and employees. This book covers a variety of topics about founders, beginning with an overview of the motivational traits of prospective entrepreneurs, the role that entrepreneurs play in launching new businesses, the personality traits and skill sets of those who seek to form new business, and a discussion of some practical issues relating to founders with respect to their preformation duties and liabilities, particularly their relationships with prior employers, and their relationships and agreements with other members of the founding group. The book also examines the influence that founders have on the organizational culture of their firms and the positions that founders occupy if and when their firms complete an initial public offering of their securities. This book is a "must have" guide for prospective entrepreneurs. It is also an excellent resource for attorneys and other professionals advising their clients, as well as academics teaching entrepreneurship classes. Chapter 4 considers a founder's duties and liabilities in founding a business. Much of the planning for a new business occurs before a new legal entity, such as a corporation, has been formed and founders need to understand that even though a legal entity does not exist, they still have important duties and are subject to potential liabilities to one another, to the new entity and to investors and other outsiders.

Founders are pivotal to the success of any new business. Founders bring the original business idea to the table, and influence the organizational culture and values and goals of the initial managers and employees. This book covers a variety of topics about founders, beginning with an overview of the motivational traits of prospective entrepreneurs, the role that entrepreneurs play in launching new businesses, the personality traits and skill sets of those who seek to form new business, and a discussion of some practical issues relating to founders with respect to their preformation duties and liabilities, particularly their relationships with prior employers, and their relationships and agreements with other members of the founding group. The book also examines the influence that founders have on the organizational culture of their firms and the positions that founders occupy if and when their firms complete an initial public offering of their securities. This book is a "must have" guide for prospective entrepreneurs. It is also an excellent resource for attorneys and other professionals advising their clients, as well as academics teaching entrepreneurship classes. Chapter 5 considers some of the various issues that founders need to consider when they begin a venture. Such questions include the form of legal entity for their new business (e.g., corporation, partnership, or limited liability company); the relationships among cofounders with respect to ownership, management, and control of the business; and the amount of time each cofounder will spend on the venture. When properly discussed, answers to these questions will protect the rights of each founder while creating incentives to help the business grow.

Founders are pivotal to the success of any new business. Founders bring the original business idea to the table, and influence the organizational culture and values and goals of the initial managers and employees. This book covers a variety of topics about founders, beginning with an overview of the motivational traits of prospective entrepreneurs, the role that entrepreneurs play in launching new businesses, the personality traits and skill sets of those who seek to form new business, and a discussion of some practical issues relating to founders with respect to their preformation duties and liabilities, particularly their relationships with prior employers, and their relationships and agreements with other members of the founding group. The book also examines the influence that founders have on the organizational culture of their firms and the positions that founders occupy if and when their firms complete an initial public offering of their securities. This book is a "must have" guide for prospective entrepreneurs. It is also an excellent resource for attorneys and other professionals advising their clients, as well as academics teaching entrepreneurship classes. Chapter 6 examines the role of the founders in creating a venture's organizational culture.

Founders are pivotal to the success of any new business. Founders bring the original business idea to the table, and influence the organizational culture and values and goals of the initial managers and employees. This book covers a variety of topics about founders, beginning with an overview of the motivational traits of prospective entrepreneurs, the role that entrepreneurs play in launching new businesses, the personality traits and skill sets of those who seek to form new business, and a discussion of some practical issues relating to founders with respect to their preformation duties and liabilities, particularly their relationships with prior employers, and their relationships and agreements with other members of the founding group. The book also examines the influence that founders have on the organizational culture of their firms and the positions that founders occupy if and when their firms complete an initial public offering of their securities. This book is a "must have" guide for prospective entrepreneurs. It is also an excellent resource for attorneys and other professionals advising their clients, as well as academics teaching entrepreneurship classes. Chapter 7 considers the various roles founders play and how these roles evolves as their ventures grow and reach the stage where they have an initial public offering.

Growth-oriented entrepreneurship seeks to create and scale up businesses that will drive productivity growth, create new employment, increase innovation, promote business internationalization, and achieve sustainable economic growth. This book summarizes research on growth-oriented entrepreneurship and continues with an assessment of attempts to create the appropriate framework conditions for growth-oriented entrepreneurship. Chapter 1 defines and provides an overview of growth-oriented entrepreneurship.

Growth-oriented entrepreneurship seeks to create and scale up businesses that will drive productivity growth, create new employment, increase innovation, promote business internationalization, and achieve sustainable economic growth. This book summarizes research on growth-oriented entrepreneurship and continues with an assessment of attempts to create the appropriate framework conditions for growth-oriented entrepreneurship. Chapter 2 identifies factors in the institutional environment that are conducive to innovation and to growth-oriented entrepreneurship.

Growth-oriented entrepreneurship seeks to create and scale up businesses that will drive productivity growth, create new employment, increase innovation, promote business internationalization, and achieve sustainable economic growth. This book summarizes research on growth-oriented entrepreneurship and continues with an assessment of attempts to create the appropriate framework conditions for growth-oriented entrepreneurship. Chapter 3 examines the characteristics of innovative and emerging companies. It also considers what distinguishes them from other firms and what factors help them succeed.

Entrepreneurship has become a popular career option in developed and developing countries, and a subject of interest for researchers and policymakers. This book introduces several important topics relevant to entrepreneurship and the process of creating, or giving birth to, a new business. The chapters cover definitions and types of entrepreneurship; the relationships among entrepreneurship, innovation and development; research on entrepreneurship, comparative research into entrepreneurship in multiple countries and research into cross-border entrepreneurship (i.e., international activity of small-and medium-sized enterprises and new ventures); factors influencing entrepreneurial activities; motivational traits of prospective entrepreneurs; the influence of societal culture on entrepreneurial activities and attitudes regarding entrepreneurship as a career path; the influence of the institutional environment on entrepreneurship; and the role of entrepreneurs in launching new businesses. Chapter 1 offers an overview and definitions of entrepreneurship. From an economic perspective, entrepreneurship is generally conceptualized as the creation of a new business and the bearing of the risk associated with that business in exchange for profits to be derived from the exploitation of opportunities in the marketplace (e.g., demands of consumers that are not currently being satisfied). One of the most famous types of entrepreneurship, one that has also become closely aligned with conceptualizations of entrepreneurship, is Schumpeter's "creative destruction." In Schumpeter's view, the entrepreneur is driven by innovation, which can take the form of a totally new product or process or an innovative change to existing products or processes, which ultimately "destroy," or render obsolete, products and processes that have been used in the past.

Entrepreneurship has become a popular career option in developed and developing countries, and a subject of interest for researchers and policymakers. This book introduces several important topics relevant to entrepreneurship and the process of creating, or giving birth to, a new business. The chapters cover definitions and types of entrepreneurship; the relationships among entrepreneurship, innovation and development; research on entrepreneurship, comparative research into entrepreneurship in multiple countries and research into cross-border entrepreneurship (i.e., international activity of small-and medium-sized enterprises and new ventures); factors influencing entrepreneurial activities; motivational traits of prospective entrepreneurs; the influence of societal culture on entrepreneurial activities and attitudes regarding entrepreneurship as a career path; the influence of the institutional environment on entrepreneurship; and the role of entrepreneurs in launching new businesses. This chapter offers a broad overview of the research on entrepreneurship, which includes work on: culture/ethnicity; economic growth; education/learning; entrepreneurship theory and practice; ethics; family-owned businesses; finance; firm performance/planning; gender; human resources; intra­preneurship versus entrepreneurship; international entrepreneurship, cross-national comparisons, and individual country studies; internationalization, exporting, and small business; motivation/firm creation or dissolution/founder characteristics; quality systems; resource-based views of the firm; social networks, business groups, and alliances; strategic planning and product development; supply chain management and distribution; teams; technology and technology-based firms; and venture capital.

Entrepreneurship has become a popular career option in developed and developing countries, and a subject of interest for researchers and policymakers. This book introduces several important topics relevant to entrepreneurship and the process of creating, or giving birth to, a new business. The chapters cover definitions and types of entrepreneurship; the relationships among entrepreneurship, innovation and development; research on entrepreneurship, comparative research into entrepreneurship in multiple countries and research into cross-border entrepreneurship (i.e., international activity of small-and medium-sized enterprises and new ventures); factors influencing entrepreneurial activities; motivational traits of prospective entrepreneurs; the influence of societal culture on entrepreneurial activities and attitudes regarding entrepreneurship as a career path; the influence of the institutional environment on entrepreneurship; and the role of entrepreneurs in launching new businesses. This chapter examines what factors influence the prevalence of entrepreneurship, including the motivational traits of the prospective entrepreneur, entrepreneurial opportunities and conditions, and cognitive factors.