Booming Entrepreneurship

Entrepreneurship is a vast frontier of freedom! It discriminates against no one. It doesn’t matter if you are young or old, male or female, black or white, Asian, Hispanic or Native American. Anyone with an idea and a strong work ethic can enter the entrepreneurial theater. Consequently, interest in entrepreneurship is booming! More people than ever before are trying to start and operate their own business. Government statistics show that 500,000 people each month are in the process of launching a new venture. As a result, millions of households in this country are having experiences with entrepreneurial activities.

The attitude of the up and coming workforce is particularly telling. Approximately two-thirds of college students intend to be entrepreneurs at some time in their careers, and three-fourths of high school students say they want to own their own business. In addition, more women and other minorities are launching new ventures. In the past twenty years, the number of firms owned by women has more than doubled. The number of people they employ has grown four-fold, and their revenues have grown five-fold. Companies owned by women now account for 30 percent of all businesses in the United States. This is all great news as entrepreneurship is the key to product innovation, job creation and continued economic growth.