The entrepreneurial bug appears to be spreading globally. According to the latest Global Entrepreneurship Monitor from Babson College, there are nearly 400 million active entrepreneurs around the world.
The annual survey polled 140,000 adults ages 18 to 64 from 54 different economies. GEM estimates that 163 million are women early-stage entrepreneurs, 165 million are young early-stage entrepreneurs (18 to 35 years old), 65 million entrepreneurs plan on creating 20 or more jobs in the next five years, and 69 million offer innovative products or services that are new to the market.The study reviews entrepreneurship based on three standards: inclusiveness, industry and impact. The amount of opportunity entrepreneurs have, their gender, the industry they choose and how they affect their societies also help determine how successful entrepreneurial ventures might be.
"In an economy, you want to have some elements of stability, where firms maintain their businesses, despite facing ups and downs in their industry, their businesses or in the economy over time," Donna Kelley, Babson College professor and the study's author, explained. "At the same time, there needs to be some dynamism, where new ideas and new firms sprout up and replace in part those that have run their course."
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