This research investigates which specific behaviors and the number and sequences of behaviors by nascent entrepreneurs are likely to result in the creation of a successful business. The primary objective is to answer these questions: (1) What activities were undertaken? (2) How many activities...

The gestation patterns of new firms areinvestigated, especially the duration of gestation. Two present theories ofbusiness startup are examined, which consider the business as rational economicactors or as a biologic analogy. The definitional and theoretical issuesinvolved in defining the...