Enterprise involves the identification and exploitation of new business opportunities.1 It can be found at different levels across all types and sizes of firm, but it is the ability and willingness to start a new business and develop it through its early stages that is considered here. Measures designed to encourage the creation and growth of new firms have become an increasingly important focus of policy in most developed economies.�
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����� �������� Entrepreneurship � the ability to seize new business�
������opportunities and implement them effectively.

������� Finance � new business ventures require finance for
���� growth

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Last updated on 22 October 2002