Summary: The Main Street Entrepreneurship

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“The Main Street Entrepreneurship report shows that small businesses activity in the United States was on the rise in 2015, reversing a six-year downward trend.” (Kauffman) For those in the entrepreneurial and small business area, this is a sign of relief as small business activity has surpassed pre-recession levels and is on the rise. Every year thousands of college students finish their studies and enter the workforce as working adults but since the start of the twenty first century, entrepreneurship is on the rise. With the rapid increase of opportunity for new ideas and products this time in age has become known as The Entrepreneurial Boom. Giving many the opportunity to enter business careers like me who want to be able to do the impossible. …show more content…
This is exactly how Mrs.Miller felt when owning her own business, “I enjoyed the flexibility of owning my own business. Owning either business gave me the feeling of controlling my own destiny. The harder I worked, the more money I would make for me, and not for someone else.” (Interview) That is why entrepreneurship is so popular in the twentieth-century, more freedom for those who want it. The misconception that becoming an entrepreneur allows for a better work-life balance, especially in the early years, is far from true. As Peter Derkacz, Owner of Kelowna Pete’s Edventures said, “Plan to love what you do, as you will be pushing for it 24/7. We’re all guilty of wishing we had an idea first, but not everyone is willing to put everything on the line and actually turn their idea into reality.” (Marinigh) And just like every career, it takes time and dedication to be able to achieve your goals in business. Becoming an entrepreneur has never been easier and that is a great thing, but succeeding as one remains the most amazingly difficult thing to accomplish in today’s …show more content…
Luckily for many, this is a great time to start a business, headlines from coast to coast have shown: Valuations of successful startups have hit an all-time high, Funding for early-stage startups is more available than ever, Cost of entry for a startup is at an all-time low, Startup incubators and accelerators are popping up everywhere, Social media is a boon for entrepreneurs and startups, Large corporations have lost their ability to innovate, Women are a growing force as entrepreneurs, and more! The twentieth century is a boom for new business, giving many the opportunity to work for what they want. Mrs. Miller even says take the opportunity, “Know what you want to do and accomplish. Figure it out! The younger you are, the less riskier it is to start a business. You have nothing to lose and everything to gain. If you are passionate about something then that will be your driving motivation.” (Interview) With this opportunity, many are taking to the entrepreneurial field, with startups at an all time high. Last year, North American crowdfunding and peer-to-peer lending campaigns raised $9.46 billion, up 145 percent from 2013, according to consulting firm Massolution. (Alsever) And the expected funding for 2015 was 17.3 Billion, another 182% increase from 2013. These statistics are amazing for the modern-age entrepreneur, giving

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