Post on 13-May-2015
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WHAT IT TAKES
THE ELEMENTS OF
ENTREPRENEURSHIP
2 BUSINESS STRATEGY REVIEW
Business report
What does it take to become a successful entrepreneur The elements of the entrepreneurial periodic table are
diverse and demanding ndash 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
3 BUSINESS STRATEGY REVIEW
Entrepreneurship statistics
4 BUSINESS STRATEGY REVIEW
Only 39 of entrepreneurial businesses have a lsquovery good idearsquo of their competitorsrsquo business
Deloitte Entrepreneurship UK 2009 Report
5 BUSINESS STRATEGY REVIEW
There are around 48 million private sector enterprises in the UK employing 228 million people with an estimated combined annual turnover of pound3200 billion statsbisgovuk
6 BUSINESS STRATEGY REVIEW
A latent pool of hidden innovators (over 50s ethnic minorities the disabled)
could potentially add pound15 billion to the UK economy by 2012 if the right conditions were created
Cass Business School Centre for New Technologies Innovation and Entrepreneurship
7 BUSINESS 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
eceuropaeu
8 BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises together account for 999 of all UK enterprises 598 of private sector employment and 49 of private sector turnover
statsbisgovuk
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
2 BUSINESS STRATEGY REVIEW
Business report
What does it take to become a successful entrepreneur The elements of the entrepreneurial periodic table are
diverse and demanding ndash 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
3 BUSINESS STRATEGY REVIEW
Entrepreneurship statistics
4 BUSINESS STRATEGY REVIEW
Only 39 of entrepreneurial businesses have a lsquovery good idearsquo of their competitorsrsquo business
Deloitte Entrepreneurship UK 2009 Report
5 BUSINESS STRATEGY REVIEW
There are around 48 million private sector enterprises in the UK employing 228 million people with an estimated combined annual turnover of pound3200 billion statsbisgovuk
6 BUSINESS STRATEGY REVIEW
A latent pool of hidden innovators (over 50s ethnic minorities the disabled)
could potentially add pound15 billion to the UK economy by 2012 if the right conditions were created
Cass Business School Centre for New Technologies Innovation and Entrepreneurship
7 BUSINESS 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
eceuropaeu
8 BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises together account for 999 of all UK enterprises 598 of private sector employment and 49 of private sector turnover
statsbisgovuk
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
3 BUSINESS STRATEGY REVIEW
Entrepreneurship statistics
4 BUSINESS STRATEGY REVIEW
Only 39 of entrepreneurial businesses have a lsquovery good idearsquo of their competitorsrsquo business
Deloitte Entrepreneurship UK 2009 Report
5 BUSINESS STRATEGY REVIEW
There are around 48 million private sector enterprises in the UK employing 228 million people with an estimated combined annual turnover of pound3200 billion statsbisgovuk
6 BUSINESS STRATEGY REVIEW
A latent pool of hidden innovators (over 50s ethnic minorities the disabled)
could potentially add pound15 billion to the UK economy by 2012 if the right conditions were created
Cass Business School Centre for New Technologies Innovation and Entrepreneurship
7 BUSINESS 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
eceuropaeu
8 BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises together account for 999 of all UK enterprises 598 of private sector employment and 49 of private sector turnover
statsbisgovuk
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
4 BUSINESS STRATEGY REVIEW
Only 39 of entrepreneurial businesses have a lsquovery good idearsquo of their competitorsrsquo business
Deloitte Entrepreneurship UK 2009 Report
5 BUSINESS STRATEGY REVIEW
There are around 48 million private sector enterprises in the UK employing 228 million people with an estimated combined annual turnover of pound3200 billion statsbisgovuk
6 BUSINESS STRATEGY REVIEW
A latent pool of hidden innovators (over 50s ethnic minorities the disabled)
could potentially add pound15 billion to the UK economy by 2012 if the right conditions were created
Cass Business School Centre for New Technologies Innovation and Entrepreneurship
7 BUSINESS 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
eceuropaeu
8 BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises together account for 999 of all UK enterprises 598 of private sector employment and 49 of private sector turnover
statsbisgovuk
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
5 BUSINESS STRATEGY REVIEW
There are around 48 million private sector enterprises in the UK employing 228 million people with an estimated combined annual turnover of pound3200 billion statsbisgovuk
6 BUSINESS STRATEGY REVIEW
A latent pool of hidden innovators (over 50s ethnic minorities the disabled)
could potentially add pound15 billion to the UK economy by 2012 if the right conditions were created
Cass Business School Centre for New Technologies Innovation and Entrepreneurship
7 BUSINESS 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
eceuropaeu
8 BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises together account for 999 of all UK enterprises 598 of private sector employment and 49 of private sector turnover
statsbisgovuk
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
6 BUSINESS STRATEGY REVIEW
A latent pool of hidden innovators (over 50s ethnic minorities the disabled)
could potentially add pound15 billion to the UK economy by 2012 if the right conditions were created
Cass Business School Centre for New Technologies Innovation and Entrepreneurship
7 BUSINESS 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
eceuropaeu
8 BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises together account for 999 of all UK enterprises 598 of private sector employment and 49 of private sector turnover
statsbisgovuk
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
7 BUSINESS 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
eceuropaeu
8 BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises together account for 999 of all UK enterprises 598 of private sector employment and 49 of private sector turnover
statsbisgovuk
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
8 BUSINESS STRATEGY REVIEW
Small and medium-sized enterprises together account for 999 of all UK enterprises 598 of private sector employment and 49 of private sector turnover
statsbisgovuk
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
9 BUSINESS 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
entrepreneurcom
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
10 BUSINESS STRATEGY REVIEW
Women account for around one in four of all enterprises in the Slovak Republic
euractivcom
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
11 BUSINESS STRATEGY REVIEW
Of the 47 million UK enterprises only 15 are led by women
ldquoInspiring Women Corporate best practice in Europerdquo London Business School
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
12 BUSINESS STRATEGY REVIEW
Samoa went from one of the toughest places in the world to start a business to one of the best mdash 131st out of 183 to number 20
onlinewsjcom
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe
BUSINESS STRATEGY REVIEW
This report was part of Business Strategy Review Volume 22 Issue 2 ndash 2011
Subscribe to Business Strategy ReviewWorld-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
bsrlondonedusubscribe