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Changing Demographics In Entrepreneurship

Over the last 10 years, entrepreneurship has become a growing trend with growing importance within the global marketplace. In fact, according to the Global Entrepreneurship Monitor (GEM), about 330 million people, or 14% of the adults in the 35 countries surveyed, are involved in forming new businesses.

Whether it is the desire to be your own boss, pursue your own ideas, or the hope of financial rewards, people are changing their outlook on how to do business. Within the scope of entrepreneurship there are four demographics that are increasing faster than ever.

Women Entrepreneurs

In 2002, the most recent year the U.S. Census Bureau collected business ownership data, there were 6.5 million women-owned businesses. That number is up 20% from 1997. Traditionally, women-owned businesses were most prevalent in the health care and professional services industries. But surprisingly, the fastest growing areas of women-owned businesses are construction (up 30%), agricultural services (up 24%) and transportation (up 20%).

Minority Entrepreneurs

The number of minority-owned businesses has also risen sharply over this same period. Growth in African-American owned businesses is up 45% from 1997 to 2002. Both Asian-owned businesses and Native American-owned businesses have also increased, at a rate of 24%.

Senior Entrepreneurs

Although the U.S. Census Bureau does not specifically collect data on senior-owned businesses, there is strong evidence to suggest more seniors are getting involved in entrepreneurship. This dramatic increase can be attributed to corporate downsizing, growing worries that seniors are going to need more income to cover future health care expenses, and an increasing desire for older workers to obtain personal fulfillment in their lives after retirement.

Young Entrepreneurs

Perhaps the fastest growing demographic of entrepreneurship is young people. According to a Gallup study, 7 out of 10 high school students want to start their own companies. Interest in entrepreneurship is also growing on college campuses. Presently there are 1992 two and four-year colleges that offer at least one course in entrepreneurship. This number is up from just 300 colleges in 1985.

No matter who is starting all these new businesses, entrepreneurship is undoubtedly a growing trend throughout the world. As the economy is struggling and people are getting laid-off, more and more people are realizing the benefits of entrepreneurship. The desire to become a corporate eight to fiver is losing steam, when are you going to jump on board?

Tags: Changing, Demographics, Entrepreneurship

How Entrepreneurship Training Program Help You Excel in Your Business

Have you shunned the 9 to 5 job and ventured into a business to become your own boss? This will probably be one of the most tumultuous times you’ve ever had. There are myriads of aspects that need to keep track of, such as how to raise funding, creating the right team and ensuring your paper work is in order. Even a small slip up could result in disaster.

Why Entrepreneurship Training

Entrepreneurship comes with more baggage than you would expect. From developing a logo to selecting a financial planner, a lot requires to be grasped and executed simultaneously to succeed in commercial endeavors. The order and pattern of things could be specifically tough to comprehend if you are a novice entrepreneur. Here comes entrepreneurship training that can enable you handle the business of doing business in a better way. If you already own a business, then also entrepreneurship training can enable you get more efficient, by bridging any gaps there might be in the way you run your show.

How to Find One

Most training program packages offer many modules spanning from personal finance to business strategy.

Entrepreneurship courses and trainings are generally offered at vocational schools, business schools, and often online schools. Training can include a broad array of classes to aid the dreams of initiating and running a successful new enterprise.

What Entrepreneurship Training Program Offers

If you are planning on venturing into a new business, or are contemplating the purchase of an existing business, vocational schools could be a prudent option to gain entrepreneurship education. Studies will encompass training in business management. Students will learn the nitty-gritty of cost, benefit and competitive assessment; investment returns; legal aspects; e-commerce; marketing and sales; supply and demand; and prevalent tax laws.

To the aspiring entrepreneur, a college degree alone cannot ensure success on the world’s business stage; but right education in entrepreneurship can enable you to better comprehend the business aspects of smoothly operating a new venture, and how to capitalize on intrinsic talents and learned skills.

Who Should Opt for Entrepreneurship Training Programs

Additionally, entrepreneurship training is of essence to those who will ultimately be hiring and developing a winning team of performers. After completion of course of study, you will not only be able to effectively ascertain which candidate will be most productive for you and your business, but you will also be able to realize how to efficiently manage, finance, and launch your small business; identify new and potential business enterprises; and design strategic business plans.

Tags: Business, Entrepreneurship, Excel, Help, program, Training

Entrepreneurship Case Studies|entrepreneurship

Hi

I love case studies , in this article I am explain what is entrepreneurship

If u are very interested to know much detailed on entrepreneurship go through the site http://www.ibscdc.org so let we start

Entrepreneurs: people who create and grow enterprises

Entrepreneurship: the process through which entrepreneurs create and grow enterprises: Entrepreneurship development…the infrastructure of public and private policies and practices that foster and support entrepreneurship.

Some of the entrepreneurs are:

Survival entrepreneurs: who resort to creating enterprises to supplement their incomes because there are few other options available. Sometimes called “entrepreneurs by necessity”

“Lifestyle entrepreneurs” are people who chose self-employment because they no longer want to work for someone else, or because it provides a better way of balancing work and home demands, or because it enables them to stay in communities to which they have great attachment. The focus is usually on providing a living for the entrepreneur and her or his family. They are often called “Mom and Pop” businesses,

“Growth entrepreneurs” are those who are motivated to grow their businesses so that they can create wealth and jobs in their community.

“Serial entrepreneurs” are people who enjoy the process of business creation and over their lifetimes will create several businesses, often selling their ventures in the process.

The process of entrepreneurship is something to which Cathy Ashmore at the Consortium for Entrepreneurship Education has given much thought over several years.

 some of the case studies available in ibscdc.org are:

1.Dean Kamen’s Technological Entrepreneurship
2.Robert E. Rubin: Executive Entrepreneur
3.Social Entrepreneurship: Serving the ‘Niche’ Business
4.Aravind Eye Hospitals: A Case in Social Entrepreneurship
5.Matrix Laboratories – Road to Success
6.Patrick J. McGovern’s International Data Group: Growth Strategies in Asia
7.Vijay Mallya, the Indian Business Baron: A ‘Bon Vivant’ Entrepreneur?
8.Technology and Business Incubation in India-Challenges and Opportunities
9.Global Hospitals – Where Life Gets a Second Chance

Tags: CASE, Entrepreneurship, Studies|entrepreneurship

Social Entrepreneurship

                                   “SOCIAL ENTREPRENEURSHIP”

                                                           BY

                                              YESHWANT  G. TRASI

                             FREELANCE U.N. DEVELOPMENT JOURNALIST

Long shunned by Economists, whose interests have gravitated toward market-based, price-driven models that submit more readily to data-driven interpretation, entrepreneurship has experienced something of a renaissance of interest in recent years. Any definition of the term “Social Entrepreneurship” must start with the word “Entrepreneurship”. The word “Social” simply modifies Entrepreneurship. If Entrepreneurship doesn’t have a clear meaning, then modifying it with Social won’t accomplish much, either.

Social Entrepreneurship is as vital to the progress of societies as is Entrepreneurship to the progress of economies; and Social Entrepreneurship merits more rigorous and serious attention than it has attracted so far. The Social Entrepreneurship should be understood as someone who targets an unfortunate but stable equilibrium that causes the neglect, marginalization, or suffering of a segment of humanity; who brings to bear on this situation his or her inspiration, direct action, creativity, courage, and fortitude; and who aims for and ultimately affects the establishment of a new stable equilibrium that secures permanent benefit for the targeted group and society at large. But interest in Social Entrepreneurship transcends the phenomenon of popularity and fascination with people. Social Entrepreneurship signals the imperative to drive social change, and it is that potential pay off, with its lasting, transformational benefit to society, that sets the field and its practitioners apart.

 (The Writer is a Certified Management Consultant (CMC) & Managing Consultant, Management Development Systems Consultants (MDSC), Bangalore, India. He is also a Freelance U.N. Development Journalist and Communications & Social Marketing Consultant, U.N.Global Compact).

Tags: Entrepreneurship, Social

Reality And Entrepreneurship (Red Pill Entrepreneurship)

This article is a selection from the book Red Pill Entrepreneurship.  Future selections will come in an 8-part series.  Please email sample@redpillentrepreneurship.com to receive the free pre-published sample of Red Pill Entrepreneurship.

Red Pill Entrepreneurship Introduction

 This book is for those individuals contemplating owning or starting a business.  Information contained in Red Pill Entrepreneurship is not meant to cast a shadow of pessimism on entrepreneurship.  I love and have loved being an entrepreneur, but entrepreneurship is not for everyone.  Over the years, I have felt a need to expose the reality of business to those who are wasting away their lives dreaming of having that “little shop” on the side of the road that they think will make them rich.  Not to say that it is impossible to become rich from a new business, but it is definitely requires taking a second look. 

My hope is that you can eagerly join me in recounting a stream of funny stories and broken dreams of multiple entrepreneurs.  Understand these stories not as bitter rants of failure, but as grand learning experiences.  Learning from such turbulent experiences will facilitate your building of a bigger and brighter future for yourself.  In short, setting foot on the right track now will allow you to finally live your dreams, or to change your dreams before it is too late.  Be prepared before the hand of reality smacks you senseless.

 Your Dream

To begin, I want you to participate in a visualization exercise.  Vividly think about your dream to buy, start or join a business (in reality, this exercise can be done for any dream).  Close your eyes now and imagine that dream in detail.  In essence, dream your dream.  To help you get started extracting detail from your dream, start imagining the individual components.  What is the main goal of your business?  What is the product or service you are selling?  Does the image in your mind consist of a large office with modern furnishings, secretaries and assistants, and maybe a large boardroom with suit-clad business people negotiating a million dollar contract? 

Or, does your visualization include a restaurant, retail store, etc.?  Each of your dreams should be highly detailed and include imaginations similar to my colleague Tim’s.  Tim was a restaurant entrepreneur who imagined walking through the door of his eclectic restaurant with waiting customers filing out into the parking lot.  He imagined smiling at polite employees churning out thousands of dollars worth of food and pouring over a front-page newspaper feature that entailed his restaurant’s success in the local newspaper. 

 Perhaps you are not visualizing so much the details of the business, but what you stand to gain from the future business.  For example, does your dream include buying whatever you want and having a comfortable life?  Some dream of having the prestige of talking about their business with friends and acquaintances.  Others find motivation in proving their success to naysayers who have opposed or have been cynical about their business aspirations.  Regardless of your dream, the act of dreaming is healthy.  Dreams allow us to achieve greater things.  As in all facets related to success, dreams need direction and some logic.  So, let’s develop a map for your dream using the information provided within Red Pill Entrepreneurship and establish some logic, if any.

Dream Or Medium To The Dream

In order to establish a direction for your dream, ask yourself the following question.  “Is having a business your dream or is having the benefits that are commonly linked to business ownership your dream?”  The idealistic benefits generally associated with business ownership for the average person consist of more money, more free time, more freedom, etc. than one would presumably have while working for someone else. 

Why is this distinction between your dreams focused on the benefits of the business or the business itself important?  The answer to this question will determine your levels of satisfaction and success associated with owning a business.  A true entrepreneur is one that loves his business and accepts the benefits and consequences.  Many of us just want the benefits.  If you are still unsure of your answer (benefits vs. love of the business), hopefully you will find your answer through Red Pill Entrepreneurship.  If you are sure of your answer, hopefully Red Pill Entrepreneurship can still give you more information to increase your chance of success.

While dreaming, it is common to overlook present opportunities.  Rather than improving current situations, dreaming entrepreneurs often look for change.  Hence, this benefit vs. business distinction is especially important to those (want-to-be-business-owners) who are looking forward to just the benefits of a business.  Change can be beneficial while trying to increase energy and passion, but you must be careful while initiating change.  Oscillating from opportunity to opportunity can be detrimental.  Each time one initiates change, there is a loss of focus and a need to start over. 

Carefully consider whether a business is the way or a way to achieve your dreams.   If not, assess what improvements and changes within your current scope or situation may be a more feasible approach before setting out to turn your life upside down.  Do not be afraid to change the medium of your dream!  Life is too short to jump around from failure to failure.

The Scope of Red Pill

Assuming that you have decided on owning a business, the experiences and advice contained within this book will be invaluable.  Red Pill Entrepreneurship gives an interesting perspective on some areas of business organizations commonly overlooked (consciously or subconsciously).  Some may find that they have been focusing too much on the dream of having a business and that all they really want is more money and more freedom.  These people will read some of the points within Red Pill and rethink their timing, preparation, and motivation behind owing a business.  While others may find that owning a business really does suit them well. 

The chapters of this book begin by assessing the motivations of having a business and follow through with key components of business ownership.  Application of the information provided could determine the shaping of the rest of your business career.

In an attempt to fully analyze the reality of your business dreams, write down, in as much detail as possible, your dream, as previously tasked to envision, in the space below.

In general, if your dream can be achieved in a day, week, or month then you need to rethink your dream.  Small, easily achievable goals are only practical if they aim toward a larger, long-term accomplishment.  Throughout this book, this larger goal will be assessed.  It has been said that you should shoot for the stars and you will capture the moon. 

Hard Fact: Just because a certain dream enters your mind, there is not anything that says that you should strive to attain it.  For example, I once thought I could sing, but it does not mean that I should or could become a rock star.  Fame of being a rock star may have been appealing, but singing is definitely not the way to achieve success for me. Trust me and trust all of the broken ear drums from my attempt at singing.

Thank you for taking the time to read this selection from Red Pill Entrepreneurship.  Please contact me to receive subsequent selections of the book.  This 8-part series will be released over the next few months.

Tags: Entrepreneurship, Pill, Reality