Economy Shifts U.S. Entrepreneurship
Entrepreneurial activity in the U.S. has been affected by the economic downturn in recent years, but starting a business seems to be a more attractive option here than in many other developed countries, according to a new report by the Global Entrepreneurship Monitor of Wellesley.
The prevalence of early-stage entrepreneurs in the country fell slightly - from 8 percent in 2009 to 7.6 percent in 2010. That was significantly higher than the average for developed nations, 5.6 percent.
In a more significant change, the numbers of Americans driven to entrepreneurship by necessity grew in comparison to those driven by opportunity. Necessity-driven ventures grew 25 percent and represented 28 percent of total ventures in 2010, while opportunity drove 51 percent of startups.
Internationally, 20 percent of ventures were driven by necessity, and 54 percent by opportunity.
In the U.S., entrepreneurship by men fell significantly, from 8.8 percent in 2009 to 6.7 percent in 2010. Women increased their participation as entrepreneurs from 5 percent to 5.6 percent.
WBJ Web Partners
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