ABSTRACT
During early phases of the entrepreneurial process, nascent entrepreneurs focus on activities as identifying opportunities, performing initial evaluations of the feasibility of the opportunities, and forming intentions to actually launch a new venture. There are three broad phases of new venture creation were considered: early (nascent), middle, and later (post-launch). These variables were as follows: age, education, gender, and previous managerial experience of entrepreneurs; several motivational variables; and several personality characteristics. The chapter describes specific hypotheses concerning the effects of these variables during each phase of new venture creation. It suggests that obtaining data relating to basic assumptions that underlie process-based views of entrepreneurship. Longitudinal research is necessary to fully test all major implications of process models of entrepreneurship. Individuals high in need for achievement are deeply concerned with the question of how well they are doing on various tasks.
