trait theories of entrepreneurship, we can gain a better understanding of the differences between entrepreneurship and other economic forms. Key to this understanding is examining the traits of serial entrepreneurs to see how they approach the issue of risk. When human civilization first development, most goods were produced at a subsistence level, and this was the sum total economic activity -- there was no money and no profit. Over time,

Burns (2007) indicates that the text is about that which motivates the actions and decisions of the entrepreneur, including the influence of personal social networks, family and personal background. Moreover, the text reports itself to be about the tasks of management which are associated with the entrepreneurial approach as well as how decisions are make, how risk is balanced and most essentially how there is a clear distinction between

While entrepreneurial accomplishment is common across all nations the ability to create and sustain value-based ecosystems as rapidly as American entrepreneurs are unique (Arbaugh, Camp, Cox, 2005). American Entrepreneurs' Contribution to Global Innovation Innovation in and of itself is not enough to create entirely new businesses; it is in translating innovation into unique, ingenious products and services that meet unmet needs of both consumers and businesses. The current economic downturn, it

Furthermore, during the same period there was an increase in the number of women-owned businesses in the 1-9 and 10-49 employment size categories. The idea that women do not make good entrepreneurs is countered by various facts, such as: "Research by Barclays Bank has revealed there are today nearly a third more women entrepreneurs than there were in 2000,...there are now 150,000 women-run enterprises across the UK, with the south

Entrepreneurship What Is Entrepreneurship? An entrepreneur is a person who takes on risks and seeks to create an ongoing business by coordinating resources, raw materials, time and materials to create a valued product or service. The role of the entrepreneur is to continually create new value in an economy by providing products and services that give both consumers and businesses greater value, solve their problems or contribute to their attaining their goals

Within this example there is a fundamental example of the strategy twists used by Li, i.e. The private and presale real estate tactic, which in many ways was before its time, and likely served as an example to many property developers since that time. This rather simplistic but nonetheless effective linear model of Li's business life exemplifies the spirit of entrepreneurship. Li has, from his first tentative steps in