The New Entrepreneur - 2010 & Beyond
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Transcript of The New Entrepreneur - 2010 & Beyond
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“We're seeing the
beginnings of the entrepreneurial economya system built on nimble, low‐overhead,
oftentimes small companies”
Jason Daley, Entrepreneur Magazine
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fBut first,some FACTS aboutsome FACTS aboutentrepreneurs
Image Source: Corbis
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5555 64645555‐‐6464the age group showingthe age group showing the highest rate of
entrepreneurial activity. Surprisingly the 20 34Surprisingly, the 20‐34 age bracket has the
lowest rate
Dane Stangler, Senior analyst at the Kauffman Foundation
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average age of U.S. born techaverage age of U.S. born tech entrepreneurs when they founded their companies
Dane Stangler, Senior analyst at the Kauffman Foundation
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of entrepreneurs claim they were inspired bythey were inspired by innate desire, not
education or training
Northeastern University's School of Technological Entrepreneurship Survey
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5050%%of all U.S. businesses
5050%%businesses are home‐based
Emergent Research
Image Source: lifestylecareers
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13 Million people are employed by home businesses13 Million p p p y y
Emergent Research
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66 66 MillionMillion66..6 6 MillionMillionhome businessesbusinesses contribute at least 50% of their total household income
Emergent Research
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88%%88%% of home businesses haverevenues of $500,000 or more
3535%%3535%%have revenues of $125,000 or more$125,000 or more
Emergent Research
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b h i ?Remember the recession?
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of American entrepreneurs added employees over the past year8% employees over the past year8%
Image Source: Times OnlineCarl Schramm, President & CEO, Ewing Marion Kauffman Foundation
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66% of American entrepreneurs have seen theirsales and profitability decrease66% sales and profitability decrease
Carl Schramm, President & CEO, Ewing Marion Kauffman Foundation
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71% of entrepreneurs don’t expect to add any new jobs in 201071% to add any new jobs in 2010
Image Source: flickr/brianjmatisCarl Schramm, President & CEO, Ewing Marion Kauffman Foundation
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61% of entrepreneurs think theeconomy is on the wrong track61% economy is on the wrong track
Image Source: flickrCarl Schramm, President & CEO, Ewing Marion Kauffman Foundation
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of entrepreneurs worldwide said it was moredifficult to start a new business in 2009 than in 200850% difficult to start a new business in 2009 than in 200850%
GEM – Global Entrepreneurship Monitor 2009 Survey
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50% of innovation‐driven countries, including the U.S., show a decrease in startups50% including the U.S., show a decrease in startups
Image Source: PhotobucketGEM – Global Entrepreneurship Monitor 2009 Survey
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h ’ hBut there’s hope…
Image Source: moddb
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“More than half of the largest and fastest‐growing companiesin the country were formed during economic tough times”y g g
Dane Stangler, Senior analyst at the Kauffman Foundation
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69% more unemployed American workers started a business in 2009 than in 200869% a business in 2009 than in 2008
Challenger Job Market Index 2009, Challenger, Gray & Christmas Image Source: flickr/ rizalgeo
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New and young firms have been the primary source of new jobs in the United States over the past three decadesjobs in the United States over the past three decades
Carl Schramm, President & CEO, Ewing Marion Kauffman Foundation
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2010 and beyond
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1.19 or 35% of global workforce will be mobile by 20131.19
Billionwill be mobile by 2013
Sean Ryan, Research Analyst at the IDC’s Mobile Enterprise
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41%of entrepreneurs said Twitter delivers "great value" to their company while 84% expect their use of 41% Twitter to grow over the next 6 months
Marketingprofs
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25% of entrepreneurs say they willcommit more resources to social media25% commit more resources to social media
Ad‐ology 2009 Survey Image Source: sxc.hu
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“At some point in 2010, all search results will consist of
real time information scores reviews tweetsreal‐time information, scores, reviews, tweets and all, right there and up to the minute”
John Jantsch, Marketing & Digital Technology CoachImage Source: Washington Post TimeSpace
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Your location, or that of your customers and prospects, will become another data point in the marketing mixwill become another data point in the marketing mix
John Jantsch, Marketing & Digital Technology Coach Image Source: Wired.com
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Find Your Inner EntrepreneurStart a side business while you're still employed:
Find Your Inner Entrepreneur
The risk is lower, security is much higher, and your current job can open the
doors that you needdoors that you need
Rohit Bhargava, Award winning author “Personality Not Included” Image Source: sxc.hu
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