Entrepreneurial goals and choice of venture creation

  

Entrepreneurial motivations, goals, expectations and capabilities vary across individuals likewise opportunities are to be screened for both viability and fit the entrepreneurs before they are perused. Venture creation is a model for starting and bridging the gap between an idea and a capitalized business. The entrepreneurial goal and choice of venture creation based on external and internal factors make new venture creation possible .Entrepreneurs are lacking guidance on how to get their idea to market.  Following are the typologies of venture creation that let entrepreneurs to make the right choice about the venture creation.

Revolutionary ventures: Involve a revolutionary idea, innovation and this concept also evolves new processes and manufacturing techniques, this concept shake up matured industry or can create a new industry but the only is to think out of box.

Niche ventures: Serve segment with a unique need not served by mainstream offerings .it is based on the modest managerial and leadership skills. Ideal for entrepreneur with insightful knowledge of large market and the niche in particular, suits entrepreneurs with moderate growth/wealth ambitions and limited resources.

Hustle venture: Suits to entrepreneurs with limited resources and modest growth ambition. Fit those who value satisfaction and donot seek high growth. The hustle ventures are ideal for entrepreneurs who seek a lifestyle business and satisfactory cash flow as against high growth and wealth creation.

Speculative (deal) venture: Suits those who want quick profits and for those who are willing to take commensurate risks. The speculative ventures gave the financial strength and staying power to go through deal.