From Emerging Entrepreneurs to Microfranchise

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From Emerging Entrepreneurs to Microfranchise
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From Emerging Entrepreneurs to Microfranchise

• Kristie Seawright
• Isaac Smith

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Emerging Entrepreneurs

• Focus on identifying entrepreneurs that have
  successfully moved beyond the Subsistence Plateau
  to a point where they employ non-family members.
• We call them emerging entrepreneurs.

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Research Question
Knowledge? Skills? Attributes?

• Is there more to the basic equation

?
Credit
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Emerging Entrepreneurial Success
Pro-active, oriented to near-term opportunities
SUBSISTENCE PLATEAU

• Persistence
• Patience
• Resilient
• Business Operations
• Marketing Oriented
• Personal Attributes

• Skill Utilization
• Opportunity Seeking
• Buy Low/Sell High
• Start Small/Think Big
• Increase Sales/Decrease Costs

LESS-SUCCESSFUL ENTREPRENEURS
Re-active, oriented to longer-term biz processes
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Entrepreneurial Expertise

• The Formal Economy 17 Countries

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Entrepreneurial Expertise
Willingness
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Entrepreneurial Expertise
Arrangements
Willingness
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Entrepreneurial Expertise
Arrangements
Willingness
Ability
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Entrepreneurial Expertise

• Seeking Focus
• Commitment Tolerance
• Motivation

Willingness
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Entrepreneurial Expertise

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
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Entrepreneurial Expertise

• Idea Protection

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
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Entrepreneurial Expertise

• Idea Protection
• Having Resources

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
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Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
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Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
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Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
Ability
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Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
Ability

• Venture Experience

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Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
Ability

• Venture Experience
• Venturing Diagnostic Ability

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Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge

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Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Willingness
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Emerging Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Emerging Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Emerging Entrepreneurial Expertise

• Idea Protection
• Having Resources
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Addressed by Microfinance

• Idea Protection
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Microfranchise

• Idea Protection
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Microfranchisee

• Idea Protection
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Microfranchisee

• Idea Protection
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Microfranchisee

• Idea Protection
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Microfranchisee

• Idea Protection
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Microfranchisee

• Idea Protection
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Microfranchisor

• Idea Protection
• Access to Resources
• Venture Specific Skills

• Seeking Focus
• Commitment Tolerance
• Motivation

Arrangements
Hope/ Self-will
Willingness
Social Safety Net
Ability

• Venture Experience
• Venturing Diagnostic Ability
• Venture Situational Knowledge
• Opportunity Recognition Capability

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Emerging Entrepreneurial Success
Microfranchisees
SUBSISTENCE PLATEAU
LESS-SUCCESSFUL ENTREPRENEURS