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Take place for the business to be created in the

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take place for the business to be created in the earliest stage. The more BRIE activitiesthat were pursued, the greater the likelihood of the new business surviving.The Timmons’s Entrepreneurship model bases itself on the entrepreneur. Theentrepreneur searches for an opportunity, shapes the opportunity into a high-potentialventure by drawing up a team and gathering the required resources to start a business thatcapitalizes on the opportunity. In the process of starting the business, the entrepreneurrisks his or her career, personal cash flow and net worth. The model bases itself on thepremise that the entrepreneur earns rewards in commensuration with the risk and effort
involved in starting or financing the business.Timmons Model of Entrepreneurship, three critical factors of a successful ventureare opportunities, teams, and resources. Unlike conventional entrepreneurship modelsthat start with a business plan and identify an opportunity, the Timmons model starts witha market opportunity. The business plan and the financing receive secondary importance,
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Business, Entrepreneurship, Timmons, Timmons s Entrepreneurship

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