Entrepreneurship Is Contagious. That Means the Poor Need to Meet Gazelles
A research about entrepreneurs: is entrepreneurship an imitative behavior or not?
Read this article from Bloomberg Businessweek and practice your Business English.
There’s been a lot of academic research highlighting the differences between two types of entrepreneurs: those building so-called , or fast-growth companies that lead to thousands of jobs, and those running smaller, local businesses who often seek simply to earn a .
Another big difference between the two types of entrepreneurs: People who make less than $25,000 and those who make between $100,000 and $149,999 were both more likely to know an entrepreneur than respondents in other income . Those in the higher income bracket were almost twice as likely to know a “ entrepreneur” than the poorest survey-takers. That’s according to results published today (pdf) by the Kauffman Foundation.
The findings are consistent with “studies showing that subsistence entrepreneurship is fairly common among lower-income Americans, but growth entrepreneurship is rare,” writes the paper’s author Paul Kedrosky, a Kauffman fellow who is a contributing editor to Bloomberg Television. Also : Men were almost twice as likely as women to know growth entrepreneurs.
living (n) money that you earn to live on
bracket (n) one of the groups that people or things are divided into, according to a featuresuch as income
growth (n) an increase in the number, size, or importance of something
survey (n) a set of questions that you ask a large number of people or organizations
troubling (adj) making you feel worried or uncomfortable
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