Where Do Most Entrepreneurs Come From?

Entrepreneur Facts on KirstyTV.com

Did you know that?  Think about the entrepreneurs in your life.  Are they part of the 90 percent?

I found a bunch of great insights into entrepreneurship online at the Ewin Marion Kauffman Foundation:  

‘Professional networks were important to the success of their current businesses for 73 percent of the entrepreneurs. In comparison, 62 percent felt the same way about personal networks.

Only 11 percent of the first-time entrepreneurs received venture capital, and 9 percent received private/angel financing. Of the overall sample, 68 percent considered availability of financing/capital as important. Of the entrepreneurs who had raised venture capital for their most recent businesses, 96 percent considered financing important.

Eighty-six percent of Ivy-League graduates ranked university education as important, as compared with 70 percent of the overall sample. Only 20 percent of entrepreneurs and 18 percent of Ivy-League graduates ranked university education as extremely important.

Most company founders (86 percent) ranked state or regional assistance as slightly or not at all important.

In identifying barriers to entrepreneurial success, the most commonly named factor – by 98 percent of respondents – was lack of willingness or ability to take risks. Other barriers cited by respondents were the time and effort required (93 percent), difficulty raising capital (91 percent), business management skills (89 percent), knowledge about how to start a business (84 percent), industry and market knowledge (83 percent), and family/financial pressures to keep a traditional, steady job (73 percent).’

Are you an entrepreneur?  What is your unique profile?  

Stay tuned to www.KirstyTV.com for full episodes of our interviews, when our talk show launches in March 2013. We will be sharing inspirational stories from our interviews with everyday people, celebrities and experts.

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