A Comparison of Student Business Plans with Actual Entrepreneurial New Ventures

Posted: 4 Nov 2009

See all articles by Chris F Achua

Chris F Achua

affiliation not provided to SSRN

Robert Lussier

Statistics Canada

Date Written: 2005

Abstract

Entrepreneurship courses have become more prevalent in today's business colleges; however, little research has been conducted to determine to what extent these courses foster an ability to perceive attractive business opportunities in the environment.This paper seeks to determine how closely related students' business plan ideas were to actual new business ventures created in the market environment. Following a brief literature review on entrepreneurial characteristics and debate surrounding such courses, the authors outline the features of their seminar course.The data sample for the study includes both past student business plans and small business start-ups in the community, all spanning from 1998-2003.A total of 138 participants (58 plans and 80 businesses) is included, separated into 8 business sectors, as classified by SIC.A frequency analysis was used to compare the data from both groups. The findings show that the student entrepreneurial instincts are similar to those of entrepreneurs in identifying potentially successful businesses.The implications for public policy are discussed and recommendations for future research are offered.(AKP)

Keywords: Startups, Business plans, Entrepreneurship education, Opportunity recognition

Suggested Citation

Achua, Chris F and Lussier, Robert, A Comparison of Student Business Plans with Actual Entrepreneurial New Ventures (2005). University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship, Available at SSRN: https://ssrn.com/abstract=1497774

Chris F Achua (Contact Author)

affiliation not provided to SSRN

No Address Available

Robert Lussier

Statistics Canada ( email )

Ottawa, Ontario
Canada

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