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A challenge to the myths we hold about entrepreneurs in America—who they are, what they do, and how they succeed There are far more entrepreneurs than most people realize. But the failure rate of new businesses is disappointingly high, and the economic impact of most of them disappointingly low, suggesting that enthusiastic would-be entrepreneurs and their investors all too often operate under a false set of assumptions. This book shows that the reality of entrepreneurship is decidedly different from the myths that have come to surround it. Scott Shane, a leading expert in entrepreneurial activity in the United States and other countries, draws on the data from extensive research to provide accurate, useful information about who becomes an entrepreneur and why, how businesses are started, which factors lead to success, and which predict a likely failure. The Illusions of Entrepreneurship is an essential resource for everyone who has dreamed of starting a new business, for investors in start-ups, for policy makers attempting to facilitate the formation and survival of new businesses, and for researchers interested in the economic impact of entrepreneurial activity.
'This ambitious book draws upon a wide variety of literature in developing a comprehensive theory of entrepreneurship, ranging from the discovery of entrepreneurial activities, to industry differences in entrepreneurial activity, to the organizing process. It represents a major contribution to the field.' - Arnold C. Cooper, Purdue University, US 'Professor Scott Shane provides a deep and comprehensive discussion of the individual-opportunity nexus in entrepreneurship. Eschewing the usual approaches of either focusing exclusively on the individuals and their motivations and actions or focusing exclusively, almost always ex-post, on the economic potential of opportunities, Scott Shane fixes h...
'This ambitious book draws upon a wide variety of literature in developing a comprehensive theory of entrepreneurship, ranging from the discovery of entrepreneurial activities, to industry differences in entrepreneurial activity, to the organizing process. It represents a major contribution to the field.' - Arnold C. Cooper, Purdue University, US 'Professor Scott Shane provides a deep and comprehensive discussion of the individual-opportunity nexus in entrepreneurship. Eschewing the usual approaches of either focusing exclusively on the individuals and their motivations and actions or focusing exclusively, almost always ex-post, on the economic potential of opportunities, Scott Shane fixes h...
Provides a complete framework for targeting new businesses with the greatest growth potential like Google, Genentech or Tivo. bull; Explains why the highest rate of success for new businesses is in new technology applications and helps you identify your best market opportunity - and be the first to exploit it. bull; Offers specific solutions targeted at high growth, high-tech businesses from biotech to robotics. bull; " . . . a great, courageous effort. " - J. Engel, Centre for Entrepreneurship, U of Cal, , Berkeley
An exploration of the fast food industry in the United States, from its roots to its long-term consequences.
This book covers legal compliance with federal and state contracts, antitrust and disclosure laws, protective advice for franchisor's counsel, the landlord in franchising, and the RICO statute.
In America, a new franchise outlet opens every eight minutes-a rate that is accelerating both here and worldwide-yet to date, no publication has provided more than a cursory glimpse into the owners' experiences. The Franchise Ratings Guide is a deeper examination, revealing an industry in which deceit is common and a full 30% of franchise owners regret their purchase. The Franchise Ratings Guide provides essential and thorough advice on pre-purchase steps, in-depth, actual owner insight from more than 3,000 franchise owners, and reference data on each company surveyed, including contact, investment, and royalty information. It's got all the information you need to make an informed investment decision.
"Authoritative and highly readable, this volume will appeal to scholars researching the spinoff phenomenon, university technology transfer officers, inventors, policymakers, external entrepreneurs and investors."--BOOK JACKET.
The most important task for a prospective franchisee is to prepare a realistic cash flow statement that accurately reflects the business s economic potential. This insider s guide provides hard-to-find historical sales, expense, and/or profit data from 116 franchise concepts in 45 categories. The book also features in-depth profiles of each franchisor, detailed worksheets, and the author s own insights into making meaningful financial projections. Armed with the information in this book, entrepreneurs can make smart decisions about potential investments."
Professors Baron and Shane pioneered the idea of a process perspective and approaching entrepreneurship through a multidisciplinary lens. The new second edition of ENTREPRENEURSHIP: A PROCESS PERSPECTIVE offers an even more current and comprehensive overview of all things entrepreneurial, delivering an applied and action-oriented presentation that couples solid theory with relevant examples. Teaching entrepreneurship based on the timeline of starting and operating a new business, the book focuses on the entrepreneurial process as it moves through several distinct phases: generating ideas and recognizing opportunities, assembling resources, launching the new venture, building success, and har...