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All Hail the Entrepreneur

November 7, 2006 by Dane Carlson | 1 Comment

Newsweek:

Entrepreneurship is transforming America—not just for a few, but for all of us and for the better. Consider: Today roughly 45 million Americans, about 30 percent of the labor force, run their own businesses. Sometime during their careers, well over half of university graduates will start a business. Most Americans today work in firms that have entrepreneurial teams in charge. And most U.S. job growth and new technology comes from entrepreneurial companies. In short, ours is no longer an economy of big, old, stable corporations. Yes, we have many of those. But increasingly, we live in an economy of new, rapidly growing (and sometimes rapidly declining) entrepreneurial companies. America is unique in the world, a nation rebuilding itself on the principles of entrepreneurial capitalism.

In Entrepreneurial Lifestyle, News | 1 Comment

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Comments

  • Jim Coen on November 8th, 2006 5:00 pm

    Franchising represents a viable approach to business ownership and entrepreneurship. For a price, the franchisor teaches its proven business methods to the franchisee who shoulders all operating and financial responsibilities of the outlet.

    The ability and willingness to work hard is a “must have� quality in order to succeed as a franchisee. Unfortunately hard work is only a part of the franchisee picture. Not everyone is a suitable candidate for a franchise.

    To me franchisees represent the middle ground between “employees� and “entrepreneurs� I call them Frantrapreneurs.

    The vast majority of people will be most successful as an “employee�.

    True entrepreneurs are few and far between. They are founders of companies that begin from nothing more than a vision.

    Entrepreneurs are willing to take all out risk, they put it all out on the table.

    Frantrapreneurs on the other hand take a tried and proven concept that a franchisor has developed and follow established procedures to run the business.

    Frantrapreneurs are willing to accept measured risk.

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