Most Entrepreneurial Businesses Are Very Small聴We Might Accurately Call Them 聯Tiny?i>
Recent research published by the National Federation of Independent Business (NFIB) has reported that approximately one-third of small businesses with nine or fewer people are located in someone聮s home (National Business Poll: Business Structure Cheap Nikolaj Ehlers Jersey , Dennis, 2004). Most small businesses (59 percent) 聯are owned by one individual (including hisher spouse if applicable),?and 聯twenty-seven (27) percent or over one in four have two owners.?br > The U.S. Census Bureau identifies through its data a classification it calls 聯nonemployer businesses?(which is based on Internal Revenue Service (IRS) data obtained from annual business tax forms that are filed). According to the Bureau聮s latest available nonemployer data, it has indicated that there are approximately 17 million nonemployers across all industry sectors. To place this number of nonemployer firms in perspective, consider this: there are a 5.7 million firms with employees as compared to 17 million without employees (for a total of 23.7 million businesses). As a whole Cheap Bryan Little Jersey , small businesses with less than 500 employees account for 99.7 percent of all businesses.
So what does this all mean, you might ask? Well for starters, it means that although large corporations may dominate news headlines, small businesses are the very 聯soul?of our economy. It also means that despite any misconceptions that you may have, most entrepreneurial small businesses are very small Cheap Jacob Trouba Jersey , indeed. We might accurately call them 聯tiny,?by virtue of their ownership structure, number of employees, and other dimensions by which they could be measured and described.
Overwhelmingly, Startup Businesses Are Founded by Bootstrappers
Once one begins to construct a realistic view of entrepreneurship in the U.S. Cheap Dmitry Kulikov Jersey , it becomes apparent that there are millions of businesses with quaint beginnings. Instead of imagery that might be associated with the likes of Microsoft, Dell, and Amazon, three that made it to the 聯big time,?you might consider more accurate imagery associated with the vast majority of businesses as portrayed by the data. In provoking these alternate images Cheap Patrik Laine Jersey , I might suggest a small business owner, whose condition is such that most of the assets of the business ride around in the back of a pickup truck with a trailer in tow.
The majority of businesses are also founded by bootstrappers聴individuals who use creative financing, ingenuity and hard work as a substitute for capital. While many entrepreneurs clearly do complain about a lack of startup capital, it is also the case that some individuals are driven to succeed, regardless of the odds that are stacked against them. This is the type of individual who Cheap Blake Wheeler Jersey , after 聯making it,?is invited to speak at somebody聮s annual meeting or a convention. Their stories often have a similar theme: 聯Life handed me a bunch of lemons, and I threw them back.? They are walking, talking, living Wholesale Winnipeg Jets Jerseys , breathing business heroes who defied the odds and snatched a piece of the American dream. In some other cultures, it聮s an insult to point out that an individual is a product of 聯new money?and the crassness of industry versus 聯old money?and the 聯pedigree?associated with privileged classes by birthright. However, in this culture, we very much admire and cheer for underdogs who win against adversity. The more humble the beginnings, the more these stories give the rest of us who are stuck in the trenches Wholesale Jets Jerseys , hope.
Now, we can crack open some textbooks on entrepreneurship, and some will begin with arguments over 聯what is entrepreneurship?,?or 聯who is an entrepreneur?? Among those who pose the arguments, are some who discount franchise owners and the independently employed in favor of the traditional model that is often taught in business schools (and in elite schools Cheap Winnipeg Jets Jerseys , they can truthfully boast that it works聴of course it works when many of the students have roommates with parents who hail from upper class backgrounds themselves). The model looks something like this: Have a great idea; write a business plan; present the plan to a group of bankers, lawyers, investors, angels and well-heeled friends; get the money; lease the space; fill it up with inventory and hire the employees; enjoy meteoric growth and profitable sales; cash out after an IPO (initial public offering); and live happily ever after. Unfortunately, this portrayal is largely a fairy tale.
You Can Pucker up All You Want
Most entrepreneurs are more like the frog hoping and waiting to be kissed. You can pucker up all you want Cheap Jets Jerseys , but I would not recommend closing your eyes. The good news is that there is a great deal of hope to be found in the positive interpretation of the data. There are literally millions of people who have their own small business, working independently as compared to working as an employee. I have phrased this last sentence carefully: even business owners have a 聯boss? there聮s no escaping the fact that unless you are independently wealthy, you are going to have to please somebody. Your new 聯boss?will be your clients and customers. You will need to get along well with your suppliers and build a cohesive team of individuals who are also dedicated to this cause. (In instances where I have switched from entrepreneurial roles to employment roles, I have sometimes been aggravated by recruiters who did not recognize the ludicrous stereotype of the entrepreneur If you are lookin. Wholesale Jerseys OnlineWholesale Authentic JerseysWholesale Jerseys China Free ShippingWholesale NFL Jerseys From ChinaWholesale College Jerseys From ChinaWholesale Basketball Jerseys Free ShippingCheap Wholesale JerseysWholesale New NBA JerseysCheap College Jerseys WholesaleWholesale Jerseys