What Are The Entrepreneurial Opportunities?

ENTREPRENEURIAL OPPORTUNITIES:

Free enterprise is the economic basis for all entrepreneurial activity.  It means that any individual is free to transform an idea into a business. The opportunities for potential entrepreneurs are unlimited.

The constantly changing economic environment provides a continuous flow of potential opportunities if an individual can recognize a profitable idea amid the chaos and cynicism that also permeates such an environment. Thousands of alternatives exist since every individual creates and develop ideas with a unique frame of reference.

Whether the motivation is profit or independence, or the challenge of developing one's own business, entrepreneurs are actively pursuing ideas and opportunities at a record pace.

Consider the following facts:

1-Home-based business ownership has exploded into the economy and now represents 52 percent of all small firms and 10 percent of all revenue.

2-Approximately 800,000 new employer firms will be added by 2005.

3-Women's share of self-employment is expected to be about equal to that of men by 2005.

4-Online retail marketing is experiencing about 200 percent annual growth, and online traffic has been doubling every 100 day.

5-Self employment grew to 10.5 million people in 1997

6-From 1996 to 2006, self employment as primary occupation is expected to increase by 50%

7-The percentage of small businesses with access to the internet nearly doubled from 1996 to 1998 __from 21.5% to 41.2%, respectively.

8-By 2003, it is estimated that almost one third of all business to business transactions will be performed via e-commerce.