"As manager’s adviser to a possible new firm, set out the entrepreneurial new business lifecycle to help the business owners develop a strategic plan, also the options and challenges they will face in the growth and development phase ,and later on , when pursuing a “going global’ focus."

At the beginning, what is Entrepreneurship?
Entrepreneurship is strategic thinking and risk-taking behavior that results in the creation of new opportunities.

The Entrepreneurs are either;

* A classic entrepreneur is someone willing to pursue opportunities in situations others view as problems or threats. * A serial entrepreneur starts and runs businesses and nonprofits over and over again, moving from one interest and opportunity to the next. * A first-mover advantage comes from being first to exploit a niche or enter a market.

What many people think is that entrepreneurial ventures and small businesses are one and the same, but they aren't.

Entrepreneurial ventures are organizations that pursue opportunities, are characterized by innovative practice, and have growth and profitability as their main goals.

While, Small Businesses are organizations that are independently owned, and financed; has fewer than 100 employees; doesn't necessarily engage in any new or innovative practices; and have relatively little impact on its industry.(p292)

Attitude & Personal Interests of Entrepreneurs

* Internal locus of control. * High energy level * High need for achievement * Tolerance for ambiguity * Self-confidence * Passion and action orientation * Self-reliance and desire for independence * Flexibility

"Whether your interest is low-tech or high-tech, online or offline, opportunities for new ventures are always there for the true entrepreneur. To begin, you need good ideas and the courage to give them a chance."

So,