Entrepreneurial firms: 1. are small firms that yield a level of income for their owner or owners that is similar to what they would earn when working for an employer2. provide their owner or owners the opportunity to pursue a particular lifestyle and earn a living while doing so 3. bring to market new products and services that are not particularly innovative4. bring new products and services to market by creating and seizing opportunities 5. offer to customers common products that are not particularly innovative, and provide their owner or owners the opportunity to pursue a particular lifestyle and earn a living while doing so
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