Westhead, P., Ucbasaran, D., Wright, M., & Binks, M. (2005). Novice, Serial and Portfolio Entrepreneur Behaviour and Contributions. Small Business Economics, 25(2), 109.

Question 1

Which types of entrepreneurs are there?

Answer 1

1. Novice entrepreneur
   Individuals with no prior minority or majority business ownership experience either as a business founder, an inheritor or a purchaser of an independent business, but who currently own a minority or majority equity stake in an independent business that is either new, purchased or inherited.
2. Serial entrepreneur
   Individuals with no prior minority or majority business ownership experience either as a business founder, an inheritor or a purchaser of an independent business, but who currently own a minority or majority equity stake in an independent business that is either new, purchased or inherited.
3. Portofolio entrepreneur
   Individuals with no prior minority or majority business ownership experience either as a business founder, an inheritor or a purchaser of an independent business, but who currently own a minority or majority equity stake in an independent business that is either new, purchased or inherited.

Question 2

What do portofolio entrepreneurs have compared to serial/novice entrepreneurs?

Answer 2

They have more diverse experience and more resources

Offer more attractive growth prospects than other entrepreneurs (on average)