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Sidepreneurship (eee (The Kauffman Indicators of Early-Stage…
Sidepreneurship
eee
The Kauffman Indicators of Early-Stage Entrepreneurship is a
set of measures that represents new business creation in the
United States, integrating several high-quality, timely sources of
information on early-stage entrepreneurship.
The Kauffman Indicators of Early-Stage Entrepreneurship is a
set of measures that represents new business creation in the
United States, integrating several high-quality, timely sources of
information on early-stage entrepreneurship.
The Kauffman Indicators of Early-Stage Entrepreneurship is a
set of measures that represents new business creation in the
United States, integrating several high-quality, timely sources of
information on early-stage entrepreneurship.
The Kauffman Indicators of Early-Stage Entrepreneurship is a
set of measures that represents new business creation in the
United States, integrating several high-quality, timely sources of
information on early-stage entrepreneurship.
Necessity entrepreneurs
predominant challenges faced by these different groups are, respectively, economic and educational poverty for necessity entrepreneurs
represented among people who cannot find jobs,
often a bias against them that makes traditional career paths, and even entrepreneurship, a most challenging endeavor
Individuals learn and they change their behavior accordingly, and necessity motivations may not be specific to individuals but rather temporary for particular individuals during specific episodes of time.
They are not there for life, hindering a business’ growth and development as much of the literature has assumed.
Not surprisingly, research has concluded that initial start–up motivations cannot reliably predict subsequent survival, size, or growth (Dahlqvist, Davidsson, & Wiklund, 2000; Solymossy, 1997).
So even if specific entrepreneurial actions or events, such as creating a venture, are primarily driven by necessity or opportunity, it is inappropriate to place entrepreneurs as individuals into such categories (Smallbone & Welter, 2003).
Outcomes
self employment of entrepreneur
Definition
Individuals who are initially unemployed before starting businesses
Opportunities
Woman who are responsible for the household tend to keep the size of businesses artificially low because they need health insurance from a primary employer and want to make sure everything is absolutely appropriate before taking the jump.
y
We also typically fail to understand pathways through which ventures started from necessity might sometimes even innovate and grow.
opportunity for entrepreneurship research to embrace one of the great social challenges facing developed economies today: increasing economic and social inequality
Studies on informal entrepreneurship have confirmed repeatedly that many more ventures than we want to acknowledge have development potential—for example, as a stepping–stone toward more substantial businesses
Provides a safety net
Incubators and accelerator can
help increase social capital
Provide support to meet growth goals
American Express Report
Definition of sidepreneurship
part-time entrepreneurs who work fewer than 20 hours per week on their businesses.
American Express report on women-owned businesses in America
Motivations
testing a business idea while holding down a job
or supplementing income
or seeking a creative outlet or an additional challenge,”
“They may also want flexibility because they have caregiving responsibilities or
want a certain lifestyle.”
Research repeatedly shows that women have a lower tolerance for risk than men, and when deciding to become entrepreneurs, are strongly motivated by autonomy and flexibility.
many black women business owners launch their firms as side businesses out of financial necessity
The increase in women’s sidepreneurship is partly a reflection of the sharing economy. It has become easier and more acceptable for individuals to take advantage of entrepreneurial opportunities created by the sharing econom
Most new businesses don't get bank loans or venture capital, but among the small percent who do get VC funding, just two percent goes to businesses launched by women and just one percent goes to businesses launched by people of color.
Access to capital
83% of entrepreneurs do not access bank loans or venture at startup
65% relay on personal and family savings for startup capital, and
10 percent carry balances on their personal credit card
barriers to capital
gender basis
Pitchbook data for 2017 showed that all-women
founding teams raised 2.2 percent of total VC funding
racial basis
Only 1% of funded startup founders were Black, while they make up 11% of the overall US population - VC Human Capital Report - CB Insights
geographic basis
80 of VC (1Q/18 funds distributed to 5 regions: SF, Silicon V, New England, LA, NY
Family wealth
Growth Rates - 2014-2019
All Businesses
9%
Women-owned businesses 21%
Sidepreneur - 21%
Sidepreneur - Women - 39%
Sidepreneur - Minority Women - 65%
Minority Women owned businesses - 43%
Policy Implications
profiles of opportunity and necessity business owners differ markedly in terms of their socioeconomic characteristics, personality, and perceptions.
policies aimed at stimulating necessity-type entrepreneurs should not be similar to those stimulating opportunity-type entrepreneurs.
Therefore, there may be a third type of entrepreneurship: entrepreneurship as a hobby.
Gig economy
The data show that 36 percent of workers are not in the traditional one-job-for-one-employer relationship.
Eleven percent of all workers are both self-employed and working for an employer, similar to I.R.S. data showing that 10 percent of tax filers fall into that category.
Pre Incubation
Increases overall ‘deal flow’ within our region
Allows us to thoroughly vet the technology, team and market potential
Give founder strong education and foundational network to grow in our region
Provides faculty with better market perspective for current and future research
Provides pathway to non-dilutive funding
Allows a safe place to ‘fail fast’
Increases potential for overall venture success
Sample Programs
University of Toledo
Series 24
Series of panel discussions aimed at educating entrepreneurs on 24 various topics most tech startups will encounter
Series broken into 3 overarching topic segments:
Let’s Talk About Money
The Business of Startups
The Art of Startups
Help to create an entrepreneurial mindset :
Improves employability
Getting traction in Female entrepreneurship
This type of entreprenership is emanting for invidiuals who have not traditionally connected to mainstream EE resources
Expanded view of entrepreneurship
a tool for shaping social and economic equity, construed to include not only issues of structural inequality but also empowerment and emancipation more broadly (Rindova, Barry, & Ketchen, 2009).
Entrepreneurship and Recovery
Using microdata from nationally-representative and widely used sources we also show that opportunity entrepreneurship generally moves pro-cyclically and necessity entrepreneurship clearly moves counter-cyclically.
Policy
Rate of entrepreneurship
Kauffman indicators of entrepreneurial activity