MODELS

OF
ENTREPRENEURSHIP
 CONSULTANT MODEL
• This model is common among academicians
and those with who gained expertise in the
industry.
• Many corporate executives, after retiring from
their regular jobs also take the consulting
route, either directly or by taking on director
roles at different companies.
• Many IT professionals, especially those with
niche skills and/or certifications also tend to
move on to consulting roles.
 MOONLIGHTING MODEL
• This model is common among those want to
experience entrepreneurship “part-time” without
taking the risks associated with full-time
entrepreneurial activities.
• This model is not really new.
• Opportunities with industries that use their
expertise to implement the research ideas
finetuned in academia.
• Some professionals take the public speaking or
column writing route where they try to publish
their ideas outside the confines of their
organisations.
 BRILLIANT IDEA MODEL
• Model applied to professionals and others
working in the corporate world or for regular
employers.
• They realise that they have a “million dollar idea”
that they can capitalise on.
• Employees take their new/innovative idea to the
employer with a suggestion to implement it on
the job.
• When the ideas are not taken up by the
management, they contemplate the
entrepreneurial route if they feel strongly about
it.
 BUSINESS/FRANCHISE MODEL
• Individuals who do not want to continue in
the corporate world decide to start their own
venture.
• Entrepreneur approaches a corporation.
• Takes on the responsibility of running his
business using the brand and marketing
support from the enterprise.