Entrepreneurship_Basics_2006

Entrepreneurship_Basics_2006 - Entrepreneurship: Lynn /...

Info iconThis preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
    Entrepreneurship: The Source of Economic Strength Lynn / MGMT 120
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
    Have You Considered…
Background image of page 2
    Business “Creative Destruction” Entrepreneurship Intrapreneuership Social Entrepreneurship
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
    New Products/Services
Background image of page 4
    New Products/Services
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
    New Products/Services
Background image of page 6
    Small business quiz 1. What percent of US firms  have fewer than 500  employees? a. 4.5% b. 61.2% c. 99.7% 2. Compared to large firms,  small firms create __ times  as many patents. a. one-tenth b. one-half c. thirteen 3. Small firms employ __ of  high-tech workers. a. 2% b. 7% c. 39% 1. Small firms create __ of net  new jobs annually. a. 5-7% b. 11-13% c. 60-80% 2. Small firms constitute __ of  exporters. a. 13% b. 29% c. 97% 3. __ of small firms are owned  by women, and __ by ethnic  minorities. a. 9%; 4% b. 14%; 8% c. 23%; 15%
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
    Small Businesses… Represent  99.7%  of all employer firms Employ  half  of all private sector employees Have generated  60 to 80%  of net new jobs annually over the past  decade Create more than  50%  of nonfarm private gross domestic product  (GDP) Produce  13 to 14  times more patents per employee than large  patenting firms. These patents are  twice  as likely as large firm patents  to be among the one percent most cited Are employers of  39%  of high tech workers (such as scientists,  engineers, and computer workers) Are  53%  home-based and  3%  franchises Make up  97%  of all identified exporters and produce  29  percent of the  known export value 23%  of small firms are owned by women;  15%  by ethnic minorities Source: SBA Small Business Frequently Asked Questions,  Dec 2004  (www.sba.gov/advo/research)
Background image of page 8
    Do These Overlap? Entrepreneurship Small Business Franchise
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
    Franchises
Background image of page 10
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
    Entrepreneurs and Small  Business Owners Wear Many  Hats Advertising Administration Personnel management Research and  development Manufacturing Sales Marketing Strategic planning Financial planning Accounting
Background image of page 12
Image of page 13
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 36

Entrepreneurship_Basics_2006 - Entrepreneurship: Lynn /...

This preview shows document pages 1 - 13. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online