Research on the massive increase in global Entrepreneurship
More people than ever want to become Entrepreneurs.
It is based on:
- Interest (record levels)
- Necessity (jobs are disappearing at light speed)
India: Land of entrepreneurs.
Universities wants to recruit entrepreneurs to their educational programs says Wall Street Journal.
"Graduate business programs from Columbia University in New York to University of California at Berkeley’s Haas School have spent millions of dollars building innovation centers and creating venture-capital funds in recent years. They are adding new courses and deploying industry veterans to teach, all in an effort to recruit more would-be founders."
ManpowerGroup points out in a big report that "skills cycles are shorter than ever and 65% of the jobs Gen Z will perform do not even exist yet."
More and more people wants to start their own business
100 million users in 6 months. India is going online. Fast.
"In September 2016 he placed one of the biggest business bets in the world by launching Jio, a mobile-telecoms network that allows India’s masses to access data on an unprecedented scale. In the past six months it has won 100m customers."
India becomes key battleground in global ecommerce war, says VentureBeat
India has amazing growth and development.
Digital Wallet company Paytm grew from 40 million users to 160 million in less than 1 year. Wow!
"Digital wallet companies saw an unprecedented surge in the number of people signing up for their services and adding money to their wallets after demonetisation.
Among mobile wallet companies, Paytm was the biggest beneficiary. We can gauge the impact of the demonetisation drive on its business by looking at the company’s user base, which has reached 160 million – a fourfold increase since May 2016. Paytm’s traffic rose by 435%, app downloads grew by 200%, and the company saw a 250% rise in overall transaction value."
This region of the world is growing so fast, most people are missing it. 52% increase in car sales comparing 2013 to 2016.
Mark Cuban just said that Creative thinking is the skill of the future, since the rest will be automated. This means that the next version of capitalism is "Innovism". Innovation is the future and the new natural resource.
Universal Basic Income will lead to more freedom, meaning more creativity, meaning more Entrepreneurs.
Elon Musk, founder of Tesla and more, has thought about this.
When production is available, fast and cheap, the big question is what to produce. This means innovation is king. That means Entrepreneurship is king.
This Chinese factory used to have 650 people working. It recently let 90% go because of automation. The new robots led to a 250% increase in productivity and 80% drop in defect production. These numbers will lead to only one thing: every similar factory in the world will do the same thing within 12-18 months. Those that do not will be forced out of business for 2 reasons:
- The world probably does not need a total production increase of 250% which means the race is on to grow market share
- If a factory has not changed, they will be outdated in terms of price and speed
Predictions for 2030 by PricewaterhouseCooper:
1. China — $38.008 trillion
2. United States — $23.475 trillion
3. India — $19.511 trillion
Here it is again: innovation is the new natural resource and countries will begin to treat it that way.
Entrepreneurship is the market economy format for giving life to new ideas.
Here is Neil DeGrasse Tyson.
Education today is a truly broken model. When few could read and books were hard to come by, it made sense to group people in rooms and have a teacher tell them about the world. When information is at everyones fingertips, education is no longer about information. Rather, it is about application. How to use information to create new solutions. Or how to understand information based on personal preference.
This is why online education will explode as an industry. World economic Forum and Business Insider belives it will create some of the biggest internet companies by 2030.
The same development can be observed in manufacturing. Today, anyone can produce anything. The new question is what to produce.
Being able to sift through information, learn about current needs to then come up with new ideas is key. Innovation is king. Another word for this is entrepreneurship.
The future is moving towards entrepreneurship and entrepreneurship is moving towards AI powered data analytics, online learning and quick Prototype production based on Creative ideas with crowd funded market implementation. A growing corporate venture capital market will be looking for anything that picks up speed and be ready to buy start ups in big numbers. Innovation is the new natural resource, the new gold in the ground.
When is the best time to start a business? Now.
Neil deGrasse Tyson tells us that innovation is the new natural resource that countries need to focus on.
Entrepreneurship is the market economy format for innovation. Today anyone can produce anything and that leads to the question of what to produce? Innovation will answer.
Here is the first robot that sells coffee. Recently we reported on the first robot making pizza. How long until there is 100 of these? Or 1000? Very soon. And thats good as it will lead to the creation of new types of jobs. These jobs will be invented by someone and that person is an entrepreneur.
“We’re an inflection point where technology will get smarter and smarter, and adapt to people — for years, it was just the opposite,” says Accenture CTO Paul Daugherty.
Harvard University's Center for International Development (CID) forecasts an annual growth rate of 6.98 percent for India, more than any other nation on Earth. And more than China, much smaller because it has to content itself with a mere 4.28 percent (placing it as number 27 on the list). They used the numbers to create a map where the size of each country is based on their predicted economic growth.
“For many years, our schools and universities prepared our professionals to work for someone else,” said Crespo during an interview in the capital, San Juan. “So we didn’t develop a full ecosystem, we didn’t create a culture in which students from the universities thought, you know, gee, how can I become an entrepreneur?”
Joakim Fohlman is a multi entrepreneur since 1999, the founder and CEO of Cubimo and the main author of this page. See more at Wikipedia: