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TRANSCRIPT
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DID YOUKNOW?
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Business experts are predicting a massive rise in entrepreneurial activity world wide:
“We’re seeing the beginning of the entrepreneurial economy.”
Jason Daley, Entrepreneurs Magazine
"In the future, the net source of new jobs will be predominately created
from an entrepreneurial climate, not from revitalizing old industries.”
George Solomon, George Washington University
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© 2010 NEURS.COM . All Rights ReservedUSA Today , September 30, 2009.
In the second quarter of 2009, nearly 1 in 10 jobs seekers found employment by becoming an entrepreneur,
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And the pace of new startups has skyrocketed: a
100% increase in the first quarter of 2009 compared to the previous year!
USA Today , September 30, 2009.
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69%More UNEMPLOYED
American workers started a business in 2009 than in
2008.
Source: Challenger Job Market Index 2009, Gray & Christmas
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We are in the midst of the LARGEST entrepreneurial surge
the world has ever seen.
Everybody wants in. By Phaedra Hise, Fortune Small Business February 2007. Everyone Wants to Start a Business, also by Phaedra Hise.
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Enrollment in entrepreneurship programs at universities is also BOOMING.
http://www.entrepreneur.com/magazine/entrepreneur/2009/december/204086.html. The Entrepreneur Economy by Jason Daley, December 2009 Entrepreneur magazine.
No, not just traditional business classes! . . .
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Number of Universities offering ENTREPRENERSHIP COURSES
161970
More than 2,000TODAY
More than 500 of them granting
entreprenuership degrees!
Source: Dr. Craig Columbus, EP News April 2010
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This Universities get it… Entrepreneurs are the
future.
Source: entrepreneur.com. Names, trademarks and logos are copyright of each individual educational institution and are only used to explain that they currently provide entrepreneurial classes. Neurs.com is not related to any of these colleges or universities and does not endorse their curriculum or enrollment in these programs.
Are you getting it yet?
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© 2010 NEURS.COM . All Rights ReservedNortheastern University’s School of technological Entrepreneurship Survey
But you don’t need to get a degree to start a business. Just an IDEA or concept you are passionate about!
IDEA
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© 2010 NEURS.COM . All Rights ReservedNortheastern University’s School of technological Entrepreneurship Survey
66The percentage of entrepreneurs that claim they were inspired by a innate desire to start their own business . . .
Not education or
training.
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You don’t have an idea or solid
concept?Try
franchising…
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DID YOUKNOW?
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That Franchising is used in more than 70 industries, with more than 3,000 different brands, almost 1 million
establishments, generating over $1 trillion in revenue annually!
Source: http://en.wikipedia.org/wiki/Franchising
70 industries
3000 brands
1 million establishments
1 Trillion in
revenue
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Much like the word Entrepreneurs, the word 'franchise' is of Anglo-French derivation -
from franc- meaning FREE!
Source: http://en.wikipedia.org/wiki/Franchising
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Free! Think again…
Source: http://en.wikipedia.org/wiki/Franchising as seen on 03-18-2010
$26,427 - $84,094
$40,500- 775,300
$84,300 - $258,300
$102,250 - $161,150
$111,000 - $239,700
$537,750 - $1,765,300
$995,900 - $1,842,700
$3,716,000 - $13,148,800
Startup costs:
Do you have that kind of money?
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Don’t despair, the biggest number of franchise
opportunities are well below the $80,000 range.
Entrepreneurs.com Viewed December 9,2009
In that range, the typical initial
franchise fee costs
$20-$35,000…
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DID YOUKNOW?
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The U.S. franchise industry alone contributes 11 million direct jobs to our economy and
20 million in-direct?
Source: http://en.wikipedia.org/wiki/Franchising as seen on 03-18-2010 , http://growsmartbusiness.com/wp-content/files/Homepreneurs_A_Vital_Economic_Force.pdf
Start a franchise and help the world get out of this
current recession.
That’s more jobs than:
The entire construction
industry
7,336,000
The entire manufacturing
industry
8,955,000
The entire financial industry
8,153,000
The entire oil and gas
industry
9,200,000
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So, when is the best time to launch a new business?
C: When unemployment is low!
If you chose D, you’re right?
D: During or after tough economic times?...
A: During great economic times!
B: When credit is flowing!
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DID YOUKNOW?
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…plus millions of other companies that employ millions of people today and have generated
trillions of dollars to our economy…Source: Wikipedia.com . Names, trademarks and logos are copyright of each individual company and are only used to explain the time period where these great companies begin operation. Neurs.com is not related to any of this company and does not endorse the company or their products.
…that these companies were started during or right after the GREAT DEPRESSION of the lat 1920’s and 1930’s?
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…ALL started by entrepreneurs during or right after the GREAT
DEPRESSION of the 1920’s and 1930’s!!!
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In fact, according to the Kauffman Foundation, more than half of the largest and fastest-growing companies in the country were formed during economic tough
times.
http://www.entrepreneur.com/magazine/entrepreneur/2009/december/204086.html. The Entrepreneur Economy by Jason Daley, December 2009 Entrepreneur magazine.
>50%!!!
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DID YOUKNOW?
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55-64The Age group
showing the highest rate of
entrepreneurial activity.
Surpassingly, the 20-34 age
bracket has the lowest rate.
Source: Dane Strangler, senior analyst at the Kauffman Foundation
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It shouldn’t be!
Business week, October 19, 2009
The continuing job crisis is hitting young people
especially hard
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© 2010 NEURS.COM . All Rights ReservedUnemployment rates for ages 24 and under, august 2009* Business week, October 19 th 2009. Data by Eurostat, Japanese Statistics Bureau; seasonally adjusted expect for Japan. June 2009
In the US , the unemployment rate for 16-24 year olds has climbed to more
than 18%.
39.2%SPAIN
24.4%FRANCE
19.3%BRITAIN
18.2%U.S.
It’s much worse in other
countries…
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But aren’t young
entrepreneurs
leading the INTERNET revolution?
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What’s the average age of a U.S. born TECH entrepreneur, when they
founded their company?
C: 24
If you chose D, you’re correct!
D: 39
A: 18
B: 29
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3 biggest reasons why
young people don’t start a business sooner:
Not having the capital to jump start their business.
Not having an idea or concept they believe in.
Not having the right connections to help them
get started.123
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How about getting a loan from the bank?
CNNMoney.com November 17, 2009: 10:11 AM ET By Catherine Clifford
Where will most entrepreneurs find the capital they need to launch their
businesses?
“The 22 banks that got the most help from the Treasury's bailout programs
cut their small business loan balances by a collective $10.5 billion”
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How about starting a home-based business
or trying a network marketing company?
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Source: Emergent Research
50%Percentage of U.S. business that are home-based!
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retail sales produced by Network marketing in the US.
http://www.buzzle.com/articles/network-marketing-funded-sponsoring-franchises.html
people involved in network marketing worldwide . . . and
growing!
the number of people that enroll in network marketing
companies . . . every week!
40 million$100 billion50,000
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Think it’s just a few housewives selling makeup? .
Source: Emergent Research
8% have incomes of
$500,000 or more
. . . Think again . . .
35% of home based businesses have incomes of $125,000 or
more
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What about the high failure rates of new
business?
Business week 09-30-99. What's Behind High Small-Biz Failure Rates? By Karen E. Klein
According to the National Federation of Independent
Business, it’s mostly a myth.
69% of business OVER A LIFETIME, will break even or
make a profit!
When failure in business is defined as bankruptcy… the
number of “failures” drops to less than 1% annually!
Translation:
Don’t be afraid to start!
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Home-based business employ more than 13 million people in the US alone.
Yes, that's 2 million more than Franchising! . .. And millions more than the construction, Financial, manufacturing, and oil and gas
industries.Surprised?The world is changing fast. Keeping up yet?
Home-based business
Franchasing
You shouldn’t be?
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DID YOUKNOW?
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Entrepreneurs are more likely to get involved in their communities… and they lead
the nation in charitable donations.
Everybody wants in. By Phaedra Hise, Fortune Small Business February 2007. Everyone Wants to Start a Business, also by Phaedra Hise.
$232,206
$109,745
$11,015Those who inherited
wealthThose who’s
wealth came form real state
Who gives the least???
Entrepreneurs gave an a average of
Among the wealthy…
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However ...
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66%
Number of American entrepreneurs that have
seen their sales and profitability decrease
during the last recession.
Carl Schramm, President & CEO, Ewin Marion Kauffman Foundation
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How are charities making up for this short-fall in contributions from
entrepreneurs?
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The world needs a new wave of
entrepreneurs. It’s coming!
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percentage of teenagers would like to start their own business
someday.
Junior achievement, Teens and Entrepreneurship poll, September 2009 . --Forrester, October 2005
51%Where will millions of young adults find
the resources to start their own business in the current economic
environment?
There are 73 million people under the age of 18 in the United States.
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Consider that…
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50%Of entrepreneurs
worldwide said it
was more
DIFFICULT to
start a new
business in 2009
than in 2008.GEM – Global Entrepreneurship Monitor 2009 Survey
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Yet the RICH keep getting RICHER…The average wealth of all BILLIONAIRES' rose by
500 million dollars in one year! The one’s on top made significantly more…
Source: Forbes, March 29th, 2010. Fortune October 19th, 2009
$13 Billion$10 Billion
$6.5 Billion$2 Billion
Carlos Slim
$18.5 Billion
Bill GatesWarren Buffett
The oldest Billionaire?
John Klunge
The youngest Billionaire?
Mark ZuckerbergOne thing they all have in common? They ALL started their own business!
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Only 8% of America's affluent
inherited their wealth.
--Harrison Group and Worth Taylor Harrison, March 2006
FACT:
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start your own
business!SO,play the odds
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DID YOUKNOW?
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Baby boomers will transfer
$10 trillion to later generations.
--Robert Avery, Cornell University, February 2006
The majority of boomer wealth is held in 12 million privately owned
businesses, of which more than 70% are expected to change hands
in the next 10-15 years.
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DID YOUKNOW?
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That . . . President Obama has
repeatedly called on entrepreneurs
to lift the U.S. out of the
economic crisis.
In September, his Commerce Department
launched the Office for
Entrepreneurship and Innovation to
bolster startup companies.
http://www.entrepreneur.com/magazine/entrepreneur/2009/december/204086.html. The Entrepreneur Economy by Jason Daley, December 2009 Entrepreneur magazine.
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Why is Entrepreneurship suddenly so popular?
Sources: National statistics; Eurostat
Think about it…
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Who were the countries hardest hit?
How many millions of jobs were lost during the global recession?
10%FRANCE
9.8%UNITED STATES
8.6%CZECH REPUBLIC
8.4%CANADA
POLAND 10.9%SPAIN 19.3%
Sources: National statistics; Eurostat
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Most jobs that were lost during the last world wide recession will never come
back.
The ones that will, will come back slowly over the next 5-7 years.
FACT:
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Could I afford to wait that long for the
“good jobs” to come back?
And how “good” were those jobs …that
suddenly disappeared?
What if it happens to me again?
Ask yourself:
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If you have asked yourself these questions, you are not
alone.
What will happen if only a small percentage actually took
ACTION?
Millions of people worldwide are thinking the same thing!
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WHATdoesthis allMEAN?
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The stage is SET for one of the greatest success stories of our
generation . . .
Will revolutionize the world of entrepreneurs as we know it …
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Come back on 1-1-11 and find out how
Will empower a new wave of Worldwide Entrepreneurs with the
CONCEPTS, CONTACTS, and CAPITAL they need to being, or grow their own
businesses.Join our newsletter, and be ready to see the
world change right before your eyes on 1-1-11!