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)
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- If a factory has not changed, they will be outdated in terms of price and speed
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: