What does it take to become a successful entrepreneur? The elements of the entrepreneurial periodic table are diverse and demanding – perseverance, vision, confidence, optimism and much more. But their power is undoubted. Have a look at the latest entrepreneurship stats.

1. WHAT IT TAKES:
THE ELEMENTS OF
ENTREPRENEURSHIP

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

3. 3BUSINESS STRATEGY REVIEW
Entrepreneurship statistics
www.london.edu/bsr

4. 4BUSINESS STRATEGY REVIEW
Only 39% of
entrepreneurial businesses
have a ‘very good idea’ of
their competitors’
business.
Deloitte Entrepreneurship UK 2009 Report
www.london.edu/bsr

5. 5BUSINESS STRATEGY REVIEW
There are around 4.8 million private sector
enterprises in the UK, employing 22.8 million
people with an estimated combined annual
turnover of £3,200 billion.
stats.bis.gov.uk
www.london.edu/bsr

6. 6BUSINESS STRATEGY REVIEW
A latent pool of hidden
innovators (over 50s, ethnic
minorities, the disabled)
could potentially add £15 billion to
the UK economy by 2012 if the right
conditions were created.
Cass Business School Centre for New
Technologies, Innovation and Entrepreneurship
www.london.edu/bsr

7. 7BUSINESS STRATEGY REVIEW
SME s regard four factors
as equally important
barriers to innovation:
problems in access to
finance, scarcity of
skilled labour, a lack
of market demand
and the high cost of
human resources.
ec.europa.eu
www.london.edu/bsr

8. 8BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises
together account for 99.9% of all UK
enterprises, 59.8% of private sector
employment and 49% of private
sector turnover.
stats.bis.gov.uk
www.london.edu/bsr

9. 9BUSINESS STRATEGY REVIEW
Researchers at MI T found that companies
held by living MI T alumni employed more than
3 million people and did $2 trillion in business
worldwide, equivalent to the 11th-largest
economy in the world.
entrepreneur.com
www.london.edu/bsr

10. 10BUSINESS STRATEGY REVIEW
Women account for around one
in four of all enterprises in the
Slovak Republic.
euractiv.com
www.london.edu/bsr

11. 11BUSINESS STRATEGY REVIEW
Of 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

12. 12BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in
the world to start a business to one of the best —
131st out of 183 to number 20.
online.wsj.com
www.london.edu/bsr

13. BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review,
Volume 22 Issue 2 – 2011
Subscribe to Business Strategy Review
World-class thinking, World-class writing
Receive EXCLUSIVE content including in-depth business reports on
global business, distilled digests of academic research and interviews
with business leaders.
bsr.london.edu/subscribe