However, in comparison to more developed regions, some of the differences in Pakistani entrepreneurs’ behaviors included: favorable schema regarding imitation for mitigating risk, cognitive heuristics of not trusting temporary employees, training of wives for business continuity, unfavorable schema regarding bank borrowing, and use of anchoring heuristics for start-up planning, networking, and managing finances. Due to conservative risk taking approach and limited loss sustaining capability, guerrilla entrepreneurship was not practiced in selected ventures. A general tendency to retain control was observed in the selected entrepreneurs. Unwillingness to give up control also resulted in subsequent inability to develop a self-managed team. High turnover rate and lack of trust were some issues emerged as a result of lack of effective human resource policies.