An individual who scores high on all three New Venture Formation (NVF) component scales can be expected to form new ventures.  This type of individual has the arrangements or NV infrastructure in place, the willingness to venture, and the ability to recognize, capture, and protect NV opportunities.

In terms of Expert Information Processing Theory (EIPT), a lack of expertise indicated by script failure (Leddo & Abelson, 1986) is unlikely, since both script "entry" and script "doing" are possible for this type of individual.  Although not every successful venture initiator will fit this type, it is expected that a significant proportion of NVF experts will fall into this category.

DISCLAIMER:
The information provided by this instrument IS NOT SUFFICIENT BY ITSELF to predict the success of any given new business.  Instead, it is designed to add to the store of information available  most preferably before the venture is started, or even if the venture is already underway, with the intention that the chances of success will be improved.
 

©Copyright 1998-2003 Ron K. Mitchell under license to Wayne Brown Institute