Friday, August 11, 2006

Study of Interest: U.S. Leads In High-Potential Entrepreneurship

As first reported in the Babson Women's Business Blog.

U.S. entrepreneurs are in a league of their own when it comes to building innovative businesses that keep the economy dynamic and productive, according to the seventh annual U.S. Global Entrepreneurship Monitor (GEM). GEM is directed by Babson College and London Business School.

More than in any other nation, U.S. entrepreneurs are motivated by opportunities in what GEM researchers call ‘high-potential entrepreneurship’ -- fast growing, new ventures involved in the latest technologies and knowledge-transfer businesses.

High-potential entrepreneurs (HPE) are the innovators who keep the U.S. economy competitive in the global marketplace. HPEs increased U.S. productivity levels more than 100% in recent years.

Who are U.S. HPEs?

• Young males
• From upper income groups
• Motivated by opportunity
• Have almost no fear of failure
• Social beings who benefit from a deep network of entrepreneurs and angel investors
• Skillful in choosing opportunities from the business, not the consumer sector
• Believe they have no competitors
• Think differently than the general population.

Are you an HPE?

Find out here and learn more about the study's findings.

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