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In order to become novice, portfolio or serial entrepreneurs, individuals must first establish themselves as nascent entrepreneurs. Hence, the focus of this article is the factors that lead early stage career individuals to choose business venturing rather than any other career path. In this article, taxonomy of entrepreneurial typologies is developed based on determinants of entrepreneurial competence. By employing Wood and Bandura’s (1998) mastery experience, vicarious experience and social experience, eight tentative typologies emerge.

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