Click to enlarge:

Source:
What’s the profile of the typical entrepreneur?
Social Beast, September 1, 2011

Category: Digital Media, Think Tank, Venture Capital

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “What’s The Profile Of The Typical Entrepreneur?”

  1. Beancounter says:

    Single

  2. squire says:

    OK I’ll call the BS flag.
    Between 560,000 – 600,000 business started per year in the US and this chart wants to lead some into thinking that it is all about the tech industry, New York and California.
    If that is true then I think I see the problem with why the US can’t create jobs…

  3. endorendil says:

    As squire says, this is BS. Yes, there are a number of heroic startups that may make a huge difference to how we live, and these guys may be described by the graph up there. They go on to create linkedin, google or ebay. Very important, very profitable. But not much jobs there, relatively speaking, and many of these jobs are not in the US.

    Moreover, these are a tiny minority of the businesses started every year. A lot of them are professionals (plumbers, woodworkers, dentists, programmers, architect …) that start small companies because that is what is most efficient for them, or strike out by themselves after failing to find normal employment. They won’t grow much, but they may provide good, steady work for the couple of key people in them, and a lot of experience for other people that pass through them. Other startups are as simple as restaurants, dry-cleaning or yard keeping companies. Few of them ever grow much bigger. They are a crucial part of the economy, but they still really don’t create many jobs.

    And before everyone trots out the BS statistics that 60, 70 or 80% of jobs are created by small and medium sized companies, please consider that it isn’t the whole story. Most layoffs are also done by these companies. In fact, they dominate layoffs a bit more than hiring. That’s why the number of people employed by SMEs as a percentage of the workforce has been dropping for years.