Entrepreneurship is about opportunity
The concept of opportunity has existed for a long time in the literature on entrepreneurship but it has recently taken a more prominent place. Timmons (1994: 7), for instance, considers that the transformation of an opportunity is performed independently of the directly controllable resources: ‘Entrepreneurship is the process of creating or seizing an opportunity and pursuing it regardless of the resources currently controlled.’ Timmons also talks about the opportunity being created and shaped by the entrepreneur.