National Dialogue on
Entrepreneurship


Week of September 13 - September 17, 2004


Welcome to the National Dialogue on Entrepreneurship, an initiative of the Public Forum Institute made possible by a grant from the Kauffman Foundation of Kansas City. Through e-News, we bring you short summaries and analyses of various trends driving the innovation economy. Current and archived issues of e-News are available online at www.publicforuminstitute.org/nde/news/enews.htm. To subscribe, visit www.publicforuminstitute.org/nde/join/

Links to the day's entrepreneurship stories from across the nation and around the world are posted each weekday at www.publicforuminstitute.org/nde - bookmark it and stay informed about the latest entrepreneurship news. 


Profiles of Programs in Entrepreneurship Education

The National Association for Community College Entrepreneurship (NACCE) has just released an excellent resource for those with an interest in the community college system. Profiles of Programs in Entrepreneurship Education does what it says: it offers profiles of some of the US’s leading community college based entrepreneurship programs. A vast array of different program types is included—from partnerships with K-12 education to incubators to distance learning to degree and certificate programs. Some of the nation’s best programs are included in this useful compendium. 

Profiles of Programs in Entrepreneurship Education is available at http://www.nacce.com/public_html/menu/members/location.html

 


New Data on Women Business Owners

The National Women’s Business Council (NWBC) has been busy this summer with the release of lots of new data on the women business owners. Among its recent reports are studies on “Latinas and Entrepreneurship,” “Analyzing the Economic Impact of the Women’s Business Center Program,” and a new Issues Brief that assess the survivability and growth of businesses owned by women of color. Among the highlights in these numerous reports are:

  • Businesses owned by women of color survive and grow at the same rate as other women-owned businesses. Businesses owned by African-American women offer a slight exception, as their survival rates are slightly lower. 

  • Firms and entrepreneurs assisted through the Women’s Business Center Program created more than 12,000 jobs between 2001 and 2003.

  • Firms owned by Latinas represent 8% of all women-owned firms in the US. Between 1997 and 2002, the number of Latina-owned firms in the US grew by 39%. While sales also rose (8%), employment dropped 16% over this period.

To access these reports and learn more about the National Women’s Business Council, visit www.nwbc.gov

 


Small Business in the UK

More data—this time from our friends at Great Britain’s Small Business Service (SBS). New data from the SBS detail the size of Britain’s small business sector, and, not surprisingly, small and medium-sized enterprises dominate the British economy. Overall, there were 4 million enterprises in the UK in 2003, up from 2002’s total of 3.8 million. Of this total, an astounding 99.2% were defined as small (firms with 0-49 employees). Medium-sized enterprises (50-249 employees) accounted for 0.6% of all firms, and large companies (over 250 employees) accounted for 0.2% of the total. These small and medium-sized firms account for 58.2% of British employment.

To access this report and other research and statistics from the SBS, visit www.sbs.gov.uk

 


Fortune’s Fast 100

The September 6, 2004 edition of Fortune contains the magazine’s annual list of the “100 Fastest Growing Companies.” The Fortune list assesses more established firms when compared to similar lists like the INC. 500. For example, all ranked firms must have at least $50 million in revenues over the past four quarters. This year’s No. 1 is a sign of the times. Newark, California’s Invision Technologies makes airport x-ray machines and has enjoyed a three-year annual revenue rise of 135%. The list includes 12 members of the Fortune 500, and many other well-known businesses such as Ebay (No. 5), Tyson Foods (No. 44), and Chico’s Clothing (No. 26). Fortune’s analysis also includes a revisiting of past lists. For example, very few firms are repeat performers on the list. Only nine firms have appeared on the list five times, led by Dell (7 appearances), Starbucks (6 appearances) and Express Scripts (6 appearances), a St. Louis-based pharmacy benefits manager.

“The 100 Fastest Growing Companies” is available in the September 6, 2004 edition of Fortune or online at http://www.fortune.com/fortune/fastest

 



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Mark Marich, Editor - mark@pfidc.org