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Essay / Research Paper Abstract
A 9 page research report on the state of entrepreneurism near the turn of the 21st century. Entrepreneurship is as active as it has ever been. Regardless of the industry or beginning size of the business, there is opportunity still in good ideas. As the giant corporations continue their downsizing processes, many of their "victims" are going into business for themselves. The old principles still hold today: the good idea that fills a niche, backed with good solid planning if not as much cash as everyone would like. Today's business climate is more competitive than ever, and is a factor today's entrepreneur has to closely consider as in no other period. Bibliography lists 7 sources.
Page Count:
9 pages (~225 words per page)
File: D0_Entrepr.doc
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Unformatted sample text from the term paper:
"victims" are going into business for themselves. They have strong, solid business backgrounds and are determined to never again be at the mercy of a behemoth corporation, at least
not as an employee. Another active class of entrepreneur is the electronically-oriented student. The old principles still hold today: the good idea that fills a niche, backed with
good solid planning if not as much cash as everyone would like. Todays business climate is more competitive than ever, and is a factor todays entrepreneur has to closely
consider as in no other period. Some Current Examples Local Trucking Service Karl Robinson, owner of R&R Transportation Inc., was a long distance truck driver who began his own
Greensboro, NC trucking business in 1990 with his familys pickup and $3,000 invested by his mother. R&R originally subcontracted delivery work with area air freight carriers, then won a
contract of his own with a large local commercial printer company (Allen PG). Soon after going into business for himself, he learned that the highest returns on freight hauling was
in less-than-a-load (LTL) transport. The LTL classification is the one into which most of United Parcel Service (UPS) falls: packages are less than 70 pounds and delivery is
on a local basis. Also called the small-package segment, it accounted for $35 billion of the $280 billion total freight industry (Allen PG). R&R specialized in the LTL segment
of the market and by 1993 had grown to 10 full time and seven part time employees, and grossed $453,000. By 1994, that figure had risen to more than
$600,000 (Allen PG). R&R picks up and delivers packages seven days a week, 24 hours a day, and at rates between 38 and 70 percent lower than the competition
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