Business Creation in the United States

Preface......Page 10
Summary......Page 14
Contents......Page 18
Understanding Entrepreneurship and the Missing Link......Page 22
Research Program Overview......Page 32
Project Design......Page 34
Participation in the Start-up Process......Page 40
Has There Been a Change From 1999 to 2005?......Page 41
Overview......Page 47
Nascent Entrepreneurs......Page 50
Socio-Demographic Background......Page 51
Educational, Work Experience, and Financial Background......Page 55
Household, Family Context......Page 62
Motivations and Orientations Toward Entrepreneurship......Page 64
Overview......Page 70
Nascent Enterprises......Page 72
Start-up Teams: Size, Ownership, and Family Relationships......Page 73
Nature of the Nascent Business Entity......Page 76
Strategic and Market Orientation......Page 78
Growth and Market Impact......Page 80
Start-Up Activities......Page 82
Sweat Equity: Start-up Team Investments of Time and Money......Page 86
Overview......Page 89
Conception of the Start-up......Page 92
Identifying the Current Status of the Start-up Initiative......Page 93
Outcome Status......Page 94
Overview......Page 97
Start-up Initiative and Informal Contributions......Page 98
Aggregate Informal Contributions......Page 101
Overview and Commentary......Page 106
High Impact Nascent Enterprises......Page 108
Nascent Entrepreneur......Page 111
Start-up Team......Page 117
Nascent Enterprise......Page 119
Emphasis in the Start-up Process......Page 122
Outcomes: First Year Status......Page 125
Overview......Page 126
Overview and Implications......Page 130
Understanding Entrepreneurship......Page 134
Implementing New Firms......Page 135
Public Policy......Page 136
Commentary......Page 137
Procedural Differences: PSED I and PSED II......Page 138
Impact of Screening Item Wording Changes......Page 139
Addition of a Third Screening Item......Page 140
Change in Initial Screening Survey Vendors......Page 143
Change in Initial Data Collection Procedures......Page 144
Estimated Impact of Major Changes......Page 145
PSED I Prevalence Rates with Adjustments for Screening Item Wording......Page 146
Aggregate Informal Sweat Equity Investment Estimates......Page 148
PSED II Data Sets......Page 152
PSED I......Page 153
PSED II......Page 154
Publications and Papers based on the Panel Study Entrepreneurial Dynamics......Page 158
Acknowledgments......Page 174
References......Page 176