Right from the start, most successful entrepreneurs aim to create a large, national or multinational company and intend to do whatever is required to achieve that objective. Whether they eventually succeed or not, this difference marks an entrepreneurial growth company as a distinct endeavor from most small businesses, and shapes a whole series of decisions about the type of businesses entrepreneurs tend to start, and how they are run. Recently, the press has focused on the phenomenon that many entrepreneurial growth companies were forced to leap into the business life cycle at the later stages and did not go through the more traditional growth phase. This is particularly true when looking at the Internet sector and certain other high tech industries where the start-up costs are dauntingly high. Understanding when these myths become reality and their implications for entrepreneurial companies is important in setting public policy.
Entrepreneurs take wild, uncalculated risks to start their companies.
The time when an entrepreneur risks everything is once the business has developed to the point that he or she has a lot to lose, whether it is money or business ideas and has employees to consider. Entrepreneurial companies are all based on high tech breakthroughs. Rather they tend to make smaller innovations to products or processes and then perform exceedingly well. As companies fund research and make discoveries, they tend to develop breakthrough technologies. Founders of entrepreneurial companies are experienced experts in their fields.