Timmons
and Spinelli (2007) maintain that despite the great variety of businesses,
entrepreneurs and technologies there are central themes that can be identified
in the entrepreneurial process. Rwigema and Venter (2004),
say that
entrepreneurship rests on the shoulders of an individual who orchestrates three
independent variables namely: opportunity, resources and an appropriate team.
Timmons and Spinelli (2007) identify the following central themes in the
entrepreneurial process:
-
An opportunity;
-
A lead entrepreneur and an
entrepreneurial team;
-
Resources and creativity;
-
That there is a fit and balance
amongst above mentioned elements;
-
That the process is integrated and
holistic; and
-
That the process is sustainable.
Rwigema
and Venter (2004) in their rendition also make mention of a business plan and
an appropriate structure as elements of the entrepreneurial process. The above
mentioned elements are the controllable components of the entrepreneurial
process that can be assessed, influenced and altered. The interdependence of
these elements is illustrated by the Timmons model of entrepreneurial process.
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