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Entrepreneurial Roles

The real value of this role identification is to assist you in understanding your strengths, to evaluate areas where you might need to involve others who have additional expertise, and to seek training to increase your chances of success. Think of your entrepreneurial role as a snapshot that helps you to define a starting point in enhancing your personal entrepreneurial expertise.

Arrangements
Willingness
Opportunity-Ability
Investor Initiator Promoter Venturer Advisor Incubator Mentor Non-Venturer

Venturer

Your role as a venturer indicates that you have high scores in all three measurements of new venture formation attributes. Individuals of this type can be expected to form new ventures. They have the arrangements or new venture infrastructure in place, the willingness to venture, and the ability to recognize, capture, and protect new venture opportunities.


ENTREPRENEURIAL CHARACTERISTICS

STRENGTHS: Venturers usually have funds, a track record of success, technology, and experience. They also possess an eagerness to take risks, to act versus missing an opportunity, and to go after a piece of the big money. The venturer is able to solve new venture problems with specialized knowledge, and takes action consistent with Entrepreneurial Success Script, requirements.   Although not every successful venturer will fit this type, it is expected that a significant proportion of new venture experts will fall into this category.   INCREASE YOUR CHANCES FOR SUCCESS: You are where you should be in terms of skills and resources. Sharpening those skills with the Entrepreneurial Success Script, is still worth your time. Awareness is the key to making a good thing great.

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Mary Kay Ash

Mary Kay Ash (May 12, 1918 – November 22, 2001)was a woman who, after many years of working in the direct selling industry, was frustrated when passed over for a promotion in favor of a man that she had trained. So she retired in 1963, intending to write a book to assist women in business. The book was never published, but instead turned into a business plan for her ideal company. So with a $5,000 investment, she and her second husband began the direct sales firm Mary Kay Cosmetics. It is not surprising that this new venture became a global powerhouse as Mary Kay Ash transformed herself into a venturer, the entrepreneurial “Role” with the highest probability of success. She had the funds, experience and relationships to start a new business. She had tremendous drive to succeed, wanted a piece of the big money, and was willing to take the risk of starting a new business rather than missing the opportunity. She had gained expertise, knew the industry in which she wanted to operate, and was able to solve the problems of a business in that industry.

At the time of her death, Mary Kay Cosmetics had annual sales topping $2 billion in more than 35 markets worldwide, with an independent sales force exceeding over 2 million.