Business Creation in the United States: Panel Study of Entrepreneurial Dynamics II Initial Assessment

153 Pages Posted: 19 Jun 2010

See all articles by Paul D. Reynolds

Paul D. Reynolds

Florida International University, Eugenio Pino & Family Global Entrepreneurship Center

Richard Curtin

University of Michigan at Ann Arbor

Date Written: June, 16 2010

Abstract

PSED II began in 2005 with the selection of a cohort of 1,214 nascent entrepreneurs chosen from a representative sample of 31,845 adults. The first 12 month follow-up interviews were completed with 80% of the original cohort. The project is designed to replicate, with appropriate methodological improvements, PSED I. The PSED provides a unique, unprecedented description of the initial stages of the entrepreneurial process. The results suggest that prior experience and an appropriate strategy are critical for completing a new firm birth; personal attributes, motivations, and contexts seem to have minimal effect. The PSED findings have substantial implications for policy makers who wish to improve the capacity of the US entrepreneurial sector to confront global competitive threats with a steady flow of new and innovative firms.

Contents: 1) Understanding Business Creation and the Missing Link. 2) Research Program Overview. 3) Participation in the Start-Up Process. 4) Nascent Entrepreneurs. 5) Nascent Enterprises. 6) Outcome status: Preliminary. 7) Costs of Participation. 8) High-Potential Nascent Enterprises. 9) Overview and Implications.

Suggested Citation

Reynolds, Paul D. and Curtin, Richard, Business Creation in the United States: Panel Study of Entrepreneurial Dynamics II Initial Assessment (June, 16 2010). Foundations and Trends in Entrepreneurship Vol. 4, No. 3, pp. 155-307, 2008. Available at SSRN: https://ssrn.com/abstract=1625850

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

Richard Curtin

University of Michigan at Ann Arbor ( email )

Ann Arbor, MI 48109
United States
(734) 763-5224 (Phone)

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