[BizGuy]

I am commonly asked several of these questions below so I thought I'd share some info/studies with you.

Interesting Studies for Entrepreneurs:

* only .03% of new companies are financed by venture capital

* the average amount of money used to start a business is between $15,000 - $20,000

* the most common source of this money is the entrepreneur’s savings; not banks, or even loans from friends and family

* 65% of entrepreneurs finance their companies using some form of personal debt

* fewer than 1 in 12 start-ups gets investment money (equity financing) from family and friends

* Source: Scott Shane, The Illusions of Entrepreneurship, Yale University Press

Successful entrepreneurs are those who come up with the most creative, original ideas for their businesses. "false"

* It depends on what you mean by “creative” and “original.”

* According to some studies, anywhere from 70% - 90% of the ideas for a new business come from an entrepreneur’s previous employment or existing business contacts.

* In other words, the more experience you get working for someone else, the more likely you are to come up with an idea for a new business.

* Source: Prof. Ikhlaq Sidhu, Center for Entrepreneurship and Technology, University of California, Berkeley


So, that being said, lets start our own research study with this question:

Are Entrepreneurs "Born" with the Entrepreneurial 'drive' or can Entrepreneurship be "taught and learned" over time?