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Prakhar SharmaTop Contributor
Social media marketer, Content Writer
Asked a question last year

What is Nascent entrepreneurship?

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Prakhar SharmaTop Contributor
Social media marketer, Content Writer

A nascent entrepreneur is someone in the process of establishing a business venture.In186 this observation, the nascent entrepreneur can be seen as pursuing an opportunity, i.e. a possibility to introduce new services or products, serve new markets, or develop more efficient production methods in a profitable manner.But before such a venture is actually established, the opportunity is just a venture idea.In160 other words, the pursued opportunity is perceptual in nature, propped by the nascent entrepreneur's personal beliefs about the feasibility of the venturing outcomes the nascent entrepreneur seeks to achieve.

Scholars interested in nascent entrepreneurship tend to focus less on the single act of opportunity exploitation and more on the series of actions in new venture emergence,Indeed, nascent entrepreneurs undertake numerous entrepreneurial activities, including actions that make their businesses more concrete to themselves and others. For instance, nascent entrepreneurs often look for and purchase facilities and equipment; seek and obtain financial backing, form legal entities, organize teams; and dedicate all their time and energy to their business