The New Entrepreneur: Research Review

Presented by Grasshopper.com

“We're seeing the beginnings of the entrepreneurial economy a system built on nimble, low‐overhead, oftentimes small companies” Jason Daley, Entrepreneur Magazine

But first, f some FACTS some FACTS about entrepreneurs Image Source: Corbis

55‐ 55‐64 the age group showing the age group showing the highest rate of entrepreneurial activity. Surprisingly, the 20‐34 Surprisingly the 20 34 age bracket has the lowest rate Dane Stangler, Senior analyst at the Kauffman Foundation

average age of U.S. born tech average age of U.S. born tech entrepreneurs when they founded their companies Dane Stangler, Senior analyst at the Kauffman Foundation

of entrepreneurs claim they were inspired by they were inspired by innate desire, not education or training Northeastern University's School of Technological Entrepreneurship Survey

50% 50%of all U.S. businesses businesses are home‐based Image Source: lifestylecareers Emergent Research

13 13 Million p p people are employed by home businesses p y y Emergent Research

6.6 Million 6 home businesses businesses contribute at least 50% of their total household income Emergent Research

8% of home businesses have revenues of $500,000 or more 35% 35% have revenues of $125,000 or more $125,000 or more Emergent Research

Remember the recession? b h i ?

8% of American entrepreneurs added employees over the past year employees over the past year Carl Schramm, President & CEO, Ewing Marion Kauffman Foundation Image Source: Times Online

66% of American entrepreneurs have seen their sales and profitability decrease sales and profitability decrease Carl Schramm, President & CEO, Ewing Marion Kauffman Foundation

71% of entrepreneurs don’t expect to add any new jobs in 2010 to add any new jobs in 2010 Carl Schramm, President & CEO, Ewing Marion Kauffman Foundation Image Source: flickr/brianjmatis

61% of entrepreneurs think the economy is on the wrong track economy is on the wrong track Carl Schramm, President & CEO, Ewing Marion Kauffman Foundation Image Source: flickr

50% of entrepreneurs worldwide said it was more difficult to start a new business in 2009 than in 2008 to start a new business in 2009 than in 2008 GEM – Global Entrepreneurship Monitor 2009 Survey

50% of innovation‐driven countries, including the U.S., show a decrease in startups including the U.S., show a decrease in startups GEM – Global Entrepreneurship Monitor 2009 Survey Image Source: Photobucket

But there’s hope… h ’ h Image Source: moddb

“More than half of the largest and fastest‐growing companies in the country were formed during economic tough times” y g g Dane Stangler, Senior analyst at the Kauffman Foundation

69% more unemployed American workers started a business in 2009 than in 2008 a business in 2009 than in 2008 Challenger Job Market Index 2009, Challenger, Gray & Christmas Image Source: flickr/ rizalgeo

New and young firms have been the primary source of new jobs in the United States over the past three decades jobs in the United States over the past three decades Carl Schramm, President & CEO, Ewing Marion Kauffman Foundation

2010 and beyond

1.19 or 35% of global workforce will be mobile by 2013 will be mobile by 2013 Billion Sean Ryan, Research Analyst at the IDC’s Mobile Enterprise

of entrepreneurs said Twitter delivers "great value" 41% to their company while 84% expect their use of Twitter to grow over the next 6 months Marketingprofs

25% of entrepreneurs say they will commit more resources to social media commit more resources to social media Ad‐ology 2009 Survey Image Source: sxc.hu

“At some point in 2010, all search results will consist of real‐time information real time information, scores, reviews, tweets tweets and all, right there and up to the minute” Image Source: Washington Post TimeSpace John Jantsch, Marketing & Digital Technology Coach

Your location, or that of your customers and prospects, will become another data point in the marketing mix will become another data point in the marketing mix John Jantsch, Marketing & Digital Technology Coach Image Source: Wired.com

Find Your Inner Entrepreneur Find Your Inner Entrepreneur Start a side business while you're still employed: The risk is lower, security is much higher, and your current job can open the doors that you need doors that you need Rohit Bhargava, Award winning author “Personality Not Included” Image Source: sxc.hu

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The New Entrepreneur: Research Review

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