An IRAG often possesses an acquired but unconscious level of venturing expertise, usually gained through steady and successful past experience.  The IRAG is a conservative venturer who possesses both resources and intuition, but who lacks a complete understanding of the full expert "script" required to successfully undertake all aspects of a new venture over time. 

For the IRAG, the main drawback is that the "entrepreneurial script" has little meaning -- yet.  Hence this type should be particularly aware that there are better alternatives than guesswork, but they require deep knowledge; IRAG's require expert assistance to minimize the very avoidable risks.

WHAT TO DO:

IRAG's may benefit from the assistance of an expert consultant, a venture capital partner with experience in the domain to be entered, or an internship .  It is unlikely that an IRAG will become more willing to venture until his or her consciousness of the venturing success "script" and discernment capability is enhanced, or verifiable probabilities of success are very high.  This enhancement may be "jump-started" through specific, new venture domain-based knowledge structure induction.  Reluctance may then diminish somewhat, as venturing skills are acquired and overall ability to venture and perceived probability of success improves.

Preliminary indications show that 5 or 6% of people fit this profile.  Such activities as taking a course in entrepreneurship, or systematic exposure to expert venturers should speed the process whereby the IRAG - Cautious 1st Time Venturer - may become an expert in venturing.
 

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