Category Archives: Entrepreneurship

Entrepreneurial + Spirit does Challenge The Downturn

While  current economic downturn appear to be dominating the news these days, a recent study indicates that over half of all small business owners remain optimistic and do not intend to change their expansion plans.

Some of the highlights are the following :

Around one third for UK’s entrepreneurs (34%) responded that they set up their own business in order to make more money that they would working for someone else. 21% identified their desire to make their own ideas reality as their main motivating factor.

US entrepreneurs are even more ambitious, with 46% setting up their own business to make more money.

Most Dutch and French business owners (74% and 71%) were found to be motivated mostly by the desire to “be their own boss”, compared with a 58% in the UK.

The survey also identified some of the major challenges faced by future entrepreneurs:

Tax: 68% of British entrepreneurs believe that the taxation system in the UK does not favour those who want to start their own business, with similar figures in Germany and France. In the US, only 40% of small business owners think that the taxation system is an obstacle to small businesses.

Financing: nearly two thirds (64%) of British small business owners state that finding finance for a new venture is not easy, with the corresponding figures in Germany and France being 81% and 72% respectively. In the US the situation appears to be marginally better, with 58% saying that it was difficult to raise the initial funding for their new business.

Cultural factors: in the UK, only 44% feel that culturally the UK is a nation of natural risk takers. The Germans and French appear to be even more risk-averse, with only 33% and 34%; these percentages are dwarfed by the corresponding 78% figure in the US.

Government bureaucracy: this is the biggest issue in France, with 76% identifying government red tape as a major obstacle to setting up a new business. This is also the biggest single worry for the Germans (67%), with the British following at 54%. In comparison, only 32% of Americans think that government bureaucracy was an obstacle to entrepreneurial activity.

Education: according to the survey, almost two thirds of UK’s (61%) and France’s (66%) small business owners believe that the educational system does not promote entrepreneurial activity and ideas, with the figure in Germany being much higher at 80%. In the US, only 35% of those that took part in the survey feel that their education system does not encourage entrepreneurship.

I feel humbled to work with people that enables  students in Entrepreneurship succeed in their own business


Devin Willis!

Resources:

Hiscox Study Reveals the DNA of an EntrepreneurPR Newswire,  July 23, 2008 -on BNET

Entrepreneurs defy economic downturn -Posted by peopleperhour.com – 05/08/2008 17:16

Entrepreneurial Spirit Can Challenge The Downturn,Insurance News Net

The One Minute Entrepreneur The Secret to Creating and Sustaining a Successful Business -“..Mega-bestselling author Ken Blanchard and celebrated business leaders Don Hutson and Ethan Willis present an inspiring story that reveals the secrets to becoming a successful entrepreneur…”- By ebay-garden-gnomes

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Over 100 Useful Resources for Entrepreneurs

. There are many resources online and I wanted to to share this valuble information. It is from Adnan who, is still in high school and I believe we he be doing great things soon!

As longtime entrepreneurs Ethan Willis and Randy Garn have  run Prosper Inc. with one simple objective: to celebrate its success of others!

Let me share some of Adnan’s list for you:

Communications / VoIP

The internet brings great opportunities to do business all with people from all around the world, and fortunately there are also a number of resources to help with the communication that is necessary. The resources here will allow you to communicate inexpensively with others:

    1. Skype – Free calls over the internet to other people on Skype for as long as you like.
    2. Vonage – Leading provider of VoIP internet broadband telephone services.
    3. Gizmo – Low cost international calling and free calls to users on Yahoo Messenger, Google Talk, Windows Live users and SIP networks.
    4. Vonics Digital – Plans start at $12.99 per month.
    5. VoipBuster – Free program that uses the latest technology to bring free and high-quality voice communications to people all over the world.
    6. SunISP – VoIP Plans

Finding Funding

Many entrepreneurs will need some type of funding for their ventures. If this is the case for you, these resources may be helpful. Locating potential funding sources can be a bit easier be taking advantage of the resources that are available:

1. GoBigNetwork – Angel investor network/venture capital.
2. Fundability – Puts your company in front of qualified and interested investors.
3. Find That Money – Formidable presence in consumer finance.
4. Venture Deal – Venture capital database.
5. American Capital Advance – Fast Business Loans.
6. Financing: Where to Find It

For the full list click here

Enjoy!

Devin Willis

Resource

101 Useful Resources for Online Entrepreneurs March 10th, 2008 ·Blogtrepreneur.com

10 Social Networks for Entrepreneurs -May 13th, 2008 · Blogtrepreneur.com

Gaebler VenturesResources for Entrepreneursassembled some great resources for entrepreneurs and are constantly updating our entrepreneurial resources so check back frequently.(http://www.gaebler.com/)


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