WHAT IT TAKES: THE ELEMENTS OF

ENTREPRENEURSHIP

Entrepreneurship stats

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Business report

What does it take to become a successful entrepreneur? The elements of the entrepreneurial periodic table are

diverse and demanding – perseverance, vision, confidence, optimism and much more. But their power

is undoubted. If world economies are to recover, entrepreneurs will be the agents of growth.

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Entrepreneurship statistics

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Only 39% of entrepreneurial businesses have a ‘very good idea’ of their competitors’ business.

Deloitte Entrepreneurship UK 2009 Report

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There are around 4.8 million private sector enterprises in the UK, employing 22.8 million people with an estimated combined annual turnover of £3,200 billion. stats.bis.gov.uk

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A latent pool of hidden innovators (over 50s, ethnic minorities, the disabled)

could potentially add £15 billion to the UK economy by 2012 if the right conditions were created.

Cass Business School Centre for New Technologies, Innovation and Entrepreneurship

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SME s regard four factors as equally important barriers to innovation: problems in access to finance, scarcity of skilled labour, a lack of market demand and the high cost of human resources.

ec.europa.eu

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Small and medium-sized enterprises together account for 99.9% of all UK enterprises, 59.8% of private sector employment and 49% of private sector turnover.

stats.bis.gov.uk

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Researchers at MI T found that companies held by living MI T alumni employed more than 3 million people and did $2 trillion in business worldwide, equivalent to the 11th-largest economy in the world.

entrepreneur.com

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Women account for around one in four of all enterprises in the Slovak Republic.

euractiv.com

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Of the 4.7 million UK enterprises, only 15% are led by women

“Inspiring Women: Corporate best practice in Europe”, London Business School.

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Samoa went from one of the toughest places in the world to start a business to one of the best — 131st out of 183 to number 20.

online.wsj.com

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This report was part of Business Strategy Review, Volume 22 Issue 1 – 2011

Visit our website www.london.edu/bsr