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![](/i/favi32.png) Chapter 1: The Foundations of Entrepreneurship
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səhifə | 5/6 | tarix | 23.12.2023 | ölçüsü | 18,31 Kb. | | #154807 |
| 2. The Challenge of EntrepreneurshipCloud computing: - Cloud computing:
- Internet-based subscription or pay-per-use software services that allow business owners to use a variety of business applications, from database management and inventory control to customer relationship management and accounting
Entrepreneurs as heroes - Entrepreneurs as heroes
- Entrepreneurial education
- Demographic and economic factors
- Shift to a service economy
- Technology advancements
- Independent lifestyle
- The Internet, cloud computing, and mobile marketing
- International opportunities
- Young entrepreneurs
- Women entrepreneurs
Young entrepreneurs - Young entrepreneurs
- Women entrepreneurs
- Minority-owned enterprises
Young entrepreneurs - Young entrepreneurs
- Women entrepreneurs
- Minority-owned enterprises
- Immigrant entrepreneurs
- Part-time entrepreneurs
- Home-based businesses
- Family businesses
- Copreneurs
- entrepreneurial couples who work together as co-owners of their businesses.
- Corporate castoffs
- Corporate dropouts
- Retiring baby boomers
Corporate castoffs: - Corporate castoffs:
- Those individuals who are unemployed and are highly educated and skilled, and had corporate executive jobs.
- Corporate dropouts:
- Executives who leave the corporate to pursue their own dreams and aspirations by starting their own businesses.
Retiring baby boomers - Retiring baby boomers
- Baby boomer is a group of people who were born between 1946 and 1964.
- Labeled so because during this period of time , there was a statistically significant increase in the number of births that occurred.
- During the 22-year period , 76.4 million people were born (one quarter of US population)
Small businesses (employs less than 100 people). - Small businesses (employs less than 100 people).
- Make up 99.7% of the 27.8 million businesses in the United States
- Employ 49.2% of the nation’s private sector workforce
- Create more jobs than big businesses
- Gazelles
Gazelles are small companies that are growing at 20 percent or more per year with at least $100,000 in annual sales; they create 70 percent of net new jobs in the economy - Gazelles are small companies that are growing at 20 percent or more per year with at least $100,000 in annual sales; they create 70 percent of net new jobs in the economy
Small businesses: - Small businesses:
- Produce 46% of the nation’s private GDP.
- Account for 47% of business sales.
- Create 16 times more patents per employees than large companies.
- Zipper, light bulb, FM radio, laser, air conditioning, escalator, personal computer, automatic transmission, and many more!
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