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Who is an Entrepreneur

Who is an Entrepreneur. Entrepreneur. Generally, small business. Small Business. Independently owned and is not dominant in its field (fewer than 500 employees) Requirements: (2 must be present). Small Business Impact on Economy. 99.7% of all employer firms

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Who is an Entrepreneur

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  1. Who is an Entrepreneur

  2. Entrepreneur • Generally, small business

  3. Small Business • Independently owned and is not dominant in its field (fewer than 500 employees) Requirements: (2 must be present)

  4. Small Business Impact on Economy • 99.7% of all employer firms • Employ 50% of private sector employees • 44% of total U.S. private payroll • 65% of new jobs over the past 17 years • 52% home-based, 2% franchises

  5. Contributions

  6. Small Business Risks • 2009 – 552,600 open; 660,900 closed • 7-10 new firms survive 2 years • 5-10 – 5 years • 25% - 15+ years

  7. Challenges Facing Small Business

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