This paper presents new data on entrepreneurs’ self-described decision processes 5 when choosing where to locate, based on scripted interviews with 49 well-placed business 6 owners and senior managers in charge of location choice. Consideration sets are surprisingly 7 small, especially among those who are successful. According to entrepreneurs’ own accounts, 8 locations are frequently discovere...

The literature on employee spinoffs has, for a long time, stressed the importance of industry-specific skills and experiences in explaining the success of new firms. We argue that employees also develop skills that are associated with their occupation within an industry, and that success as an entrepreneur, therefore, is also contingent on the relation between the entrepreneurs' previous occupa...

How do potentially optimistic entrepreneurs attract prospective investors? We investigate an entrepreneur’s decision to pursue either disclosure—where investors inspect the invention—or a contingent payment scheme (CPS) offer (e.g., salary deferral, royalty-based license)—where an invention’s value is inferred from the entrepreneur’s willingness to make her pay contingent on the invention’s suc...

We analyze how entrepreneurial opportunity cost conditions performance. Departing from the common practice of using survival as a measure of entrepreneurial performance, we model both failure and cashout (liquidity event) as conditioned by the same underlying process. High-opportunity-cost entrepreneurs prefer a shorter time to success, even if this also implies failing more quickly, whereas en...

This paper highlights the ‘magic of diasporas’ − as a source of progress in a globalizing world − with special attention for migrant (or ethnic) entrepreneurship. The present study aims to identify and examine the critical critical success factors of migrant enterprises and their socioeconomic implications in modern cities. We will assess the business performance of migrant entrepreneurs by emp...

This research seeks to extend previous findings concerning the relationship between entrepreneurs’ social skills and new venture performance. Two potential mediators of such effects (entrepreneurs’ success in obtaining information and essential resources) were investigated, and data were collected in a culture not included in previous studies (China). Results indicate that several social skills...

That which constitutes competence in an occupational therapy entrepreneur is not well delineated, even though the role of entrepreneur requires that such a person possess a particular set of knowledge and skills in order to be competent. The question of competence in an occupational therapy entrepreneur is increasingly important because the number of practitioners assuming this role has grown i...