A 32-year-old funeral director launching a funeral firm after seven years in the industry is an example of which concept?

• A. Franchise entrepreneurship
• B. Small business entrepreneurship
• C. Corporate entrepreneurship
• D. Intrapreneurship

Answer: (B)

Starting and owning a new funeral firm after several years in the field is small business entrepreneurship. It shows taking the initiative to create an independently owned enterprise that serves a local market, using your industry experience but operating outside any larger corporate or franchised framework. This differs from franchise entrepreneurship, which would mean operating a business under an established franchisor’s brand and system; from corporate entrepreneurship, which occurs within a large company to spin out new ventures; and from intrapreneurship, which is innovating inside an existing organization rather than starting a separate business.