Others do it for non-monetary benefits associated with being their own bosses and setting their own schedules. At times, some of these activities succeed to an extent that they become primary activities. 16. Finally, there is entrepreneurship driven by ideas and innovation.
Typically, these are start ups that have a well-defined growth plan and exit strategy and rely for funding on venture capital or institutional finance. Typically, these involve new or relatively untried technologies and often untried promoters. These high risk ventures, when they succeed, create breakthroughs and have the potential to create substantial wealth. The success stories are legendary and too many to enumerate.