man101_Chp5

man101_Chp5 - Entrepreneurship Today Why do people become...

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Entrepreneurship Today Why do people become entrepreneurs, and what are the different types of entrepreneurs? 1
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1 Today’s small businesses: Total 25 million in the U.S. with 75 per cent having no employees Represent 99.7 percent of all employer firms Employ half of private sector employees and 41 percent of high tech workers Pay 45 percent of the total U.S. payroll Generate 60-80 percent of new jobs annually Are 53 percent home-based and 3 percent The Economic Impact of Small Business
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Entrepreneurs People with vision, drive, and creativity who are willing to take the risk of starting and managing a business to make a profit, or greatly changing the scope and direction of an existing firm. 1 Entrepreneurs
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Types of Entrepreneurs 1 Employees who apply their creativity, vision, and knowledge within a large corporation Risk takers who start their own companies Entrepreneurs who start a series of companies Multipreneurs Classic Entrepreneurs Intrapreneurs
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Why Become an Entrepreneur?
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man101_Chp5 - Entrepreneurship Today Why do people become...

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