Novice, Serial and Portfolio Entrepreneur Behaviour and Contributions

Question 1

Novice entrepreneurs

Answer 1

• individuals with no prior minority or majority business ownership experience either as a business founder, an inheritor or a purchaser of an independent business

Question 2

Serial entrepreneurs

Answer 2

– individuals who sold/closed a business and they currently have ownership in a single independent business

Good networks. Serial entrepreneurs appear to be more concerned with independence and autonomy relative to portfolio entrepreneurs

Question 3

Portfolio entrepreneurs

Answer 3

having ownership in 2 or mote independent businesses. Worked in more organizations that novice entrepreneurs. Prefer to be a team player . Greater managerial capabilities. Good networks