THE FIRST STEP TOWARD A THEORY OF THE ENTREPRENEURIAL CAREER

Abstract

Through the use of structural equation modeling (SEM), on data obtained from the Panel Study of Entrepreneurial Dynamics (PSED), this research takes the first step toward developing a theory of the entrepreneurial career. Building on research from the areas of entrepreneurial traits, career development, and occupational choice, a theoretically-based model is presented and tested. Results support the differentiation of entrepreneurs from those with no current entrepreneurial intentions, representing an important first step in defining the entrepreneurial career. EXECUTIVE SUMMARY Colleges and universities nation wide have been adding entrepreneurship classes, minors, majors and even degrees at a record pace, however, the career entrepreneurship is still conspicuously missing from established lists of career choices. Therefore, to support the continued growth of entrepreneurship in the academic arena, the legitimacy of the entrepreneurial career needs to be firmly established. Through the use of appropriate research methodology, support for the differentiation of current

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