The elements of entrepreneurship - statistics

WHAT IT TAKES:THE ELEMENTS OFENTREPRENEURSHIP

2BUSINESS STRATEGY REVIEWBusiness reportWhat does it take to become a successful entrepreneur?The elements of the entrepreneurial periodic table arediverse and demanding – perseverance, vision,confidence, optimism and much more. But their poweris undoubted. If world economies are to recover,entrepreneurs will be the agents of growth.www.london.edu/bsr

3BUSINESS STRATEGY REVIEWEntrepreneurship statisticswww.london.edu/bsr

4BUSINESS STRATEGY REVIEWOnly 39% ofentrepreneurial businesseshave a ‘very good idea’ oftheir competitors’business.Deloitte Entrepreneurship UK 2009 Reportwww.london.edu/bsr

5BUSINESS STRATEGY REVIEWThere are around 4.8 million private sectorenterprises in the UK, employing 22.8 millionpeople with an estimated combined annualturnover of £3,200 billion.stats.bis.gov.ukwww.london.edu/bsr

6BUSINESS STRATEGY REVIEWA latent pool of hiddeninnovators (over 50s, ethnicminorities, the disabled)could potentially add £15 billion tothe UK economy by 2012 if the rightconditions were created.Cass Business School Centre for NewTechnologies, Innovation and Entrepreneurshipwww.london.edu/bsr

7BUSINESS STRATEGY REVIEWSME s regard four factorsas equally importantbarriers to innovation:problems in access tofinance, scarcity ofskilled labour, a lackof market demandand the high cost ofhuman resources.ec.europa.euwww.london.edu/bsr

8BUSINESS STRATEGY REVIEWSmall and medium-sized enterprisestogether account for 99.9% of all UKenterprises, 59.8% of private sectoremployment and 49% of privatesector turnover.stats.bis.gov.ukwww.london.edu/bsr

9BUSINESS STRATEGY REVIEWResearchers at MI T found that companiesheld by living MI T alumni employed more than3 million people and did $2 trillion in businessworldwide, equivalent to the 11th-largesteconomy in the world.entrepreneur.comwww.london.edu/bsr

10BUSINESS STRATEGY REVIEWWomen account for around onein four of all enterprises in theSlovak Republic.euractiv.comwww.london.edu/bsr

11BUSINESS STRATEGY REVIEWOf the 4.7 million UK enterprises,only 15% are led by women“Inspiring Women: Corporate best practice in Europe”,London Business School.www.london.edu/bsr

12BUSINESS STRATEGY REVIEWSamoa went from one of the toughest places inthe world to start a business to one of the best —131st out of 183 to number 20.online.wsj.comwww.london.edu/bsr

BUSINESS STRATEGY REVIEWThis report was part of Business Strategy Review,Volume 22 Issue 2 – 2011Subscribe to Business Strategy ReviewWorld-class thinking, World-class writingReceive EXCLUSIVE content including in-depth business reports onglobal business, distilled digests of academic research and interviewswith business leaders.bsr.london.edu/subscribe

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The elements of entrepreneurship - statistics

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