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ctively incompatible options to satisfy this ideal and their vision for the future. The process is initiated by the various triggering mechanisms (need, opportunity, or dissatisfaction) and is considered using a cursory cost/benefit analysis. The motivation is founded upon the belief that they will be successful because others have and rationalize the same in deference to the prevailing body of knowledge about entrepreneurial endeavors. Hence, the triggers and the motivations to conceptualize the new venture go hand-in-hand. The essence inherent in the triggers and motivations leading to the transition from scientist to businessperson and employee to entrepreneur, as a phenomenon, is one of hopeful expectation that the beneficial outcomes of a better life will be attained.

A related but distinct phenomenon is the act of engaging in the new venture. The foundation of this portion of the phenomenon is the mental selection to act upon this new reality based upon the perceived balance of advantages and disadvantages. The act of engaging in the new venture is first exhibited through perplexity. The process is entwined in grappling with the ensuing difficulties associated with the new venture creation process and the resultant cognitive dissonance associated with the hardships of this unfamiliar endeavor. Ultimately, the essence of this portion of the phenomenon can be characterized as a disenfranchisement with the hopeful expectation and the realization of under-anticipated hardships before a successful venture is attained.

CONCLUSION

This research endeavored to look behind the outward appearance of the experience, fuse the relevant statements made by the participants, and explicate meaning as to the essence of the experience to these individuals. The extant literature on entrepreneurship and scientific entrepreneurship provided a basis for this evaluation and meaning. Some of the existing theories are readily reflected in this study. The triggers and motivations of these scientists confirm much of what is currently known about the decision to engage in the new venture creation process. However, much is not. This is less suggestive of an exclusivity of these individuals and more representative of the variability in motivations and triggers even if the essence of the experience between the participants is the same.

The above suggests that the experience of deciding to engage in the new venture creation process for these scientists-turned-entrepreneurs is separate and distinct from the experiences related to the actions arising from their decision. Moreover, the essence of each phenomenon, that is the decision to engage in the process and the act of engaging in the process, at times are conceptually and contextually different, bring about different issues, and elicit different experiences and perceptions for those engaged in this process. Therefore, the derivation of the essence of this data implies that these phenomena are discrete. While these phenomena have been explored, additional insight can be gained from further qualitative and quantitative study and by exploring the conceptualization separate and apart from the act of engaging in the new venture creation process.

Assumptions and Limitations

Assumptions

Certain assumptions are inherent in the methodology of this research. Qualitative methodology differs from quantitative methodology