Idea vs. opportunity -- Genius vs. lunatic -- Skill vs. luck -- Judgment and the entrepreneurial journey -- Future -- Milestones and problems -- Managing internal pressures -- Managing external pressures -- Entrepreneurship as sport -- Entrepreneurial impact as emergent development -- Conclusion

We survey 612 entrepreneurs who are members of microcredit programs across three developing countries to examine the determinants of firm employment. We find that for opportunity-motivated entrepreneurs, a greater number of employees are predicted by pre-entry means (managerial skill,...