After a long Great Recession hangover, entrepreneurship is finally rebounding in the United States.
Entrepreneurs are driving a resurgence of business activity in America - in new business creation, local small business activity, and the growth of small firms into larger businesses.
But underneath this reassuring surface, turbulent shifts are shaping the future of entrepreneurship to be dramatically different than what it is today, or was in the past.
We posit that three mega trends will be defining forces shaping the future of entrepreneurship for decades to come.
These three trends reflect the changing demographics, map, and nature of American entrepreneurship.
The State of Entrepreneurship Today
Three Mega Trends Shaping the Future of Entrepreneurship
Zero Barriers to Startup
Despite encouraging data and promising trends, not all Americans are experiencing the benefits of entrepreneurial growth or have the same
access to entrepreneurial opportunities.
The Foundation’s founder, Ewing Marion Kauffman, believed that individuals have a fundamental right to take an idea they have and turn that into a business.
People shouldn’t need a formal degree.
They shouldn’t need consultants to navigate the process.
It shouldn’t matter what your race is, your gender, or where you live.
Anyone should be able to do it fast, without confusion, and for free, without any artificial barriers imposed by others.
Entrepreneurship is something that should be available to all - not just to those with money, connections, or expertise.