Abstract

http://ssrn.com/abstract=1262320
 
 

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The Entrepreneur Next Door: Characteristics of Individuals Starting Companies in America: An Executive Summary of the Panel Study of Entrepreneurial Dynamics


Paul D. Reynolds


Florida International University, Eugenio Pino & Family Global Entrepreneurship Center

William B. Gartner


Clemson University - College of Business and Behavioral Science

Patricia G. Greene


Babson College

Larry W. Cox


Pepperdine University - Graziadio School of Business and Management

Nancy M. Carter


Catalyst Associates, Inc.; INSEAD

2002


Abstract:     
The Panel Study of Entrepreneurial Dynamics attempts to provide systematic, reliable data about the fundamental nature of the business start-up or entrepreneurial process. 830 nascent entrepreneurs were identified from a sample of 64,622 U.S. households, and their business startup activities were followed over a two-year period.

This executive summary reports the first stage of the initial sample of 64,622 households and the screening interviews. Four questions were investigated: (1) who is starting businesses, (2) how they start them, (3) which efforts result in new firms, and (4) why some startups become successful high-growth businesses. Five successful entrepreneurs are also profiled.

Among the findings: entrepreneurship is a widespread activity; about half of all new ventures are started by teams; men are twice as likely as women to start new businesses; except for people older than 65, entrepreneurship involves adults of all ages; blacks are about 50 percent more likely than whites to start businesses; education and household income significantly predict entrepreneurship; place affects entrepreneurial activity; and the impact of urban context varies for whites, blacks, and Hispanics.

Number of Pages in PDF File: 54

Keywords: Gender, Educational background, Startups, Nascent entrepreneurs, Novice entrepreneurs, Startups, Minority firms, Individual traits, Female owned businesses, Gender, Panel Study of Entrepreneurial Dynamics (PSED)

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Date posted: September 5, 2008  

Suggested Citation

Reynolds, Paul D. and Gartner, William B. and Greene, Patricia G. and Cox, Larry W. and Carter, Nancy M., The Entrepreneur Next Door: Characteristics of Individuals Starting Companies in America: An Executive Summary of the Panel Study of Entrepreneurial Dynamics (2002). Available at SSRN: http://ssrn.com/abstract=1262320 or http://dx.doi.org/10.2139/ssrn.1262320

Contact Information

Paul D. Reynolds (Contact Author)
Florida International University, Eugenio Pino & Family Global Entrepreneurship Center ( email )
University Park
11200 SW 8th Street
Miami, FL 33199
United States
William B. Gartner
Clemson University - College of Business and Behavioral Science ( email )
345 Sirrine Hall
Clemson, SC 29634
United States
HOME PAGE: http://www.clemson.edu/cbbs/faculty-staff/profiles/profile.html?userid=GARTNER
Patricia G. Greene
Babson College ( email )
231 Forest Street
Babson Park, MA 02457-0310
United States
Larry W. Cox
Pepperdine University - Graziadio School of Business and Management ( email )
Malibu, CA
United States
Nancy M. Carter
Catalyst Associates, Inc. ( email )
120 Wall Street, 15th Floor
New York, NY 10005
United States
2125147600 x 307 (Phone)
2125148470 (Fax)
HOME PAGE: http://www.catalystwomen.org/about/staff.shtml#3
INSEAD ( email )
Boulevard de Constance
77305 Fontainebleau Cedex
France
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