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RISK, PERSISTENCE and FOCUS: A LIFE CYCLE OF THE ENTREPRENEUR

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  • Ian Hunter

Abstract

Adapting a life cycle model from managerial literature, conclusions are drawn about the nature of colonial entrepreneurship from a case analysis of 133 New Zealand entrepreneurs, active between 1880 and 1910. Five stages in the life cycle of the entrepreneur are investigated: preparation, embarkation, exploration, expansion and transformation. Characteristic behaviours observed include the prevalence of entrepreneurial partnerships; a propensity for commencing multiple business ventures; and persistence in the face of business failure. Strategically, the colonial entrepreneur leveraged personal skills and abilities as a modus operandi for business expansion, often relying on family ownership and family management structures.

Suggested Citation

  • Ian Hunter, 2005. "RISK, PERSISTENCE and FOCUS: A LIFE CYCLE OF THE ENTREPRENEUR," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 45(3), pages 244-272, November.
  • Handle: RePEc:bla:ozechr:v:45:y:2005:i:3:p:244-272
    DOI: 10.1111/j.1467-8446.2005.00138.x
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    Cited by:

    1. Jiao, Jian-ling & Zhang, Xiao-lan & Tang, Yun-shu, 2020. "What factors determine the survival of green innovative enterprises in China? -- A method based on fsQCA," Technology in Society, Elsevier, vol. 62(C).
    2. Aisha Salim Ali Al-Harthi, 2017. "Understanding Entrepreneurship Through The Experiences Of Omani Entrepreneurs: Implications For Entrepreneurship Education," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-20, March.
    3. Zaheer, Hasnain & Breyer, Yvonne & Dumay, John & Enjeti, Mahesh, 2022. "The entrepreneurial journeys of digital start-up founders," Technological Forecasting and Social Change, Elsevier, vol. 179(C).

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