Theelementsofentrepreneurship statistics-120126080941-phpapp02

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Theelementsofentrepreneurship statistics-120126080941-phpapp02

  1. 1. WHAT IT TAKES: Entrepreneurship stats THE ELEMENTS OFENTREPRENEURSHIP
  2. 2. 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.BUSINESS STRATEGY REVIEW 2
  3. 3. Entrepreneurship statisticsBUSINESS STRATEGY REVIEW 3
  4. 4. Only 39% of entrepreneurial businesses have a ‘very good idea’ of their competitors’ business. Deloitte Entrepreneurship UK 2009 ReportBUSINESS STRATEGY REVIEW 4
  5. 5. 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.ukBUSINESS STRATEGY REVIEW 5
  6. 6. 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 EntrepreneurshipBUSINESS STRATEGY REVIEW 6
  7. 7. SME 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.euBUSINESS STRATEGY REVIEW 7
  8. 8. 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.ukBUSINESS STRATEGY REVIEW 8
  9. 9. 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.comBUSINESS STRATEGY REVIEW 9
  10. 10. Women account for around one in four of all enterprises in the Slovak Republic. euractiv.comBUSINESS STRATEGY REVIEW 10
  11. 11. Of the 4.7 million UK enterprises,only 15% are led by women“Inspiring Women: Corporate best practice in Europe”,London Business School. BUSINESS STRATEGY REVIEW 11
  12. 12. 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.comBUSINESS STRATEGY REVIEW 12
  13. 13. This report was part of Business Strategy Review, Volume 22 Issue 1 – 2011 Visit our website www.london.edu/bsrBUSINESS STRATEGY REVIEW 13

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