Entrepreneurs are typically innovative.

Entrepreneurs are high risk-takers.

Entrepreneurs have a low need for affiliation.

Social entrepreneurs are not interested in profit.

Technology entrepreneurs tend to have higher levels of education and experience than other entrepreneurs.

Family background and personal psychology explain the success of new ventures.

Universities are the most common incubator of new venture spin-out firms.

The Schumpeter Model 1 of innovation focuses on the role of individual entrepreneurs and smaller firms in innovation and growth, but the Schumpeter Model 2 emphasizes more the role of larger organizations, characterized by greater economies of research, development, production and sales. This means that entrepeneurs are now less important sources of innovation than than large firms.

The best source of funding for an innovative start-up company are the retail clearing (cheque) banks.

A business plan must include an exit or harvest route to allow investors to realise their investment.