The entrepreneurial process in construction and real estate ventures

Abstract

This study determines the fit of the success pattern defined by Timmons' model with the entrepreneurial process of two successful ventures. One is Northland Investment, a real estate venture, and the other is Collaborative Structures, a construction-related Internet venture. The results show a strong fit between the model and the two successful ventures, which generally exhibited characteristics of higher potential ventures as described by the model. There are, however, some characteristics of the ventures that did not fit certain criteria defined by the model. In these instances, mitigating circumstances tend to suggest that the opportunities were not necessarily lower potential.