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| ABOUT | ||
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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Sunday, December 07, 2003 | |
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If All Entrepreneurs Were Laid End to End... | |
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Across the planet, there are at least 286 million individuals engaged in start-ups. That's a lot of entrepreneurs!
According to the Global Entrepreneurship Monitor, 2002 Report, entrepreneurs constitute about 12% of the working-age population in the 37 countries covered by the study. Other results:
In the middle came the former British Empire countries (Australia, Canada, New Zealand, South Africa, U.S.). Europe followed next, then Central Europe. The lowest level of entrepreneurial activity was reported in developed Asian nations (Japan, Taiwan, Hong Kong, Singapore). Two thirds of entrepreneurs chose start-ups because they perceived an opportunity worth pursuing. The other one third started businesses out of necessity, because they lacked job options. Most new firms receive initial support from informal investments from family, friends, business associates, and other personal contacts. An extremely small proportion... 1 in 10,000, receive support from venture capital firms. Acknowledgement goes to Torsten over at TJ's Technology, Venture Capital and Entrepreneurship weblog, for alerting me to this comprehensive study. |
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