Individuals without a new venture infrastructure, new venture willingness, nor new
venture knowledge are unlikely to successfully initiate a venture. Your role as
a Non-Venturer, therefore, suggests that even though you might have an interest
in entrepreneurship, you are not yet ready to venture out and launch a new business.
However, some new ventures that succeed are started by individuals in this novice
group. In these cases, however, the learning curve can be daunting. Many times new
venture failure is unavoidable.
In order to become a Venturer, the Non-venturer
must acquire the
following three venturing attributes:
- Arrangements -funds, a track record
of success, technology, and experience.
- Willingness- an eagerness to take
risks, to act versus missing an opportunity, to go after a piece of the big money.
- Opportunity Ability - capability
to recognize, capture, and protect new venture opportunities, solve new venture
problems with specialized knowledge, and take action consistent with Entrepreneurial Success Script, requirements.
The non-venturer has many opportunities to improve their expertise before venturing.
Most often, the motivation to venture is initiated by an acquaintance or
family member who possesses and transfers the willingness to consider venturing.
The time and attention invested in building a venturing infrastructure, may not
be well spent, considering that the motivational information source may be questionable.
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Mark Elliot Zuckerberg
(born May 14, 1984)] is an American software
developer and Internet entrepreneur. He is best known for creating the social networking
site Facebook, of which he is Chief Executive and President. It was co-founded as
a private company in 2004 by Zuckerberg and classmates Dustin Moskovitz, Eduardo
Saverin, and Chris Hughes while they were students at Harvard University. Although
an amazingly successful entrepreneur now, it appears that at the time he was conceiving
the concept of what would become Facebook, his “Role” in new business creation would
have been non-venturer. Not surprisingly, this could be seen as a significant cause
for Facebook’s precarious early beginnings. Zuckerberg quickly cultivated key relationships,
acquired resources, and developed his own willingness to start a business. He surrounded
himself with others who possessed expertise and were willing to take action, and
developed an uncanny ability to gain specialized knowledge of a new industry and
protect his new business in that environment.
In 2010, Zuckerberg was named Time Magazine’s Person of the Year, and as of 2011,
his personal wealth is estimated to be $13.5 billion.
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Mitchell under license to Wayne Brown Institute and VentureCapital.Org