A Brief Note On Behavior And Activities Of Nascent Entrepreneurs

BEHAVIORS AND ACTIVITIES OF NASCENT ENTREPRENEURS

I. Introduction Can nascent entrepreneurs learn how to behave so as to achieve their ambition of creating new ventures? Nascent entrepreneurs are people who are engaged in creating new ventures. Our knowledge about individuals who navigate various obstacles at the very earliest stages of entrepreneurial activity remains limited. Many people who begin the process of starting a new business fail to achieve their goal, while others are quite successful. Do individuals who attempt to start businesses begin with different activities or behaviours? Do these endowments affect their rate of success? The focus of research on entrepreneurial behavior is about exploring “how” various activities undertaken

This process, analogous to biological creation, can be considered to have four stages (conception, gestations, infancy, and adolescence), with three transitions. The first transition begins when one or more persons start to commit time and resources to founding a new firm. If they do so on their own, and if the new venture can be considered as independent start-up, they are called nascent entrepreneurs. If they are sponsored by and existing business, they are considered nascent intrapreneurs. The second transition occurs when the gestation process is complete, and when the new venture either starts as an operating business, or when the nascent entrepreneurs abandon their effort and a stillborn happens. The third transition is the passage from infancy to adolescence the fledgling new firm’s successful shift to an established new firm. (Reynolds, 2000). These researchers are interested in the behaviours or activities surrounding the start-up process (Carter, Gartner, & Reynolds, 2004). Using a variety of theoretical frameworks to better understand the start-up process, these behaviour-oriented scholars conduct research on topics such as the number of activities nascent entrepreneurs undertake (Carter et al., 1996), the grouping of those activities into a logical ordering (Manolova, Brush, & Edelman, 2002), the timing of start-up activities (Lichtenstein, Carter, Dooly & Gartner 2004), which activities precede other important start-up