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1lect Chap1&2 090799
1lect Chap1&2 090799
1lect Chap1&2 090799
250-387 Entrepreneurship
Introduction
The Entrepreneurial Perspective
(Wells Fargo/NFIB)
• 5,744,000 start-ups, about 40% are
subsidiaries of existing businesses, this means
about 1% of the U.S. population applied for a
business license
• 1,799,000 businesses purchased
• 1,333,000 businesses closed for various
reasons
• Highest incidence of start-ups is in the
southeast
• About 50% of start-ups were in the service
industries
• About 60% profitable within the first
year
• However, the number of self-employed
Creative acts
• a new product or service
• new methods or technology
• new markets
• new sources of raw materials and resources
• new forms of industrial organization
vs.
8
International Entrepreneurship
10