Any discussion about small business requires a discussion about small business owner-managers, and we cannot talk about small business owner-managers without also talking about entrepreneurs. The approaches and methods used have varied between countries and between continents. In Great Britain for example, from Bolton (1971) until the 1980s, much was said about owner-managers (Stanworth, Westrip et al., 1982; Stanworth and Gray, 1991), but since then attention has shifted increasingly to entrepreneurs (Bums and Dewhurst, 1989; Birley, 1989; Deakins, 1996). In the United States both subjects are addressed, but entrepreneurs have gained favour as a research field (Kent, Sexton et al., 1982; Sexton and Smilor, 1986; Sexton and Kasarda, 1992).