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What Will Entrepreneurship Look Like In 2015 (And Beyond)?

When you look at where we've been it becomes much easier to grasp where entrepreneurship is heading. And let me tell you -- it's going to be epic.

Photo: Erica Nicole, Founder and CEO of YFS Magazine; Source: Jhnea Turner, Photographer
Photo: Erica Nicole, Founder and CEO of YFS Magazine; Source: Jhnea Turner, Photographer

I was recently asked, “Where is entrepreneurship heading in 2015?”

While I certainly don’t have a magic 8 ball, it doesn’t take a high-level of clairvoyance for me to appreciate the exciting trends that are taking form right before our eyes.

My perspective is gleaned from interacting with global entrepreneurs across varying industries and keeping an ear to the ground at a consumer level.

When you look at where we’ve been it becomes much easier to grasp where entrepreneurship is heading. And let me tell you __ it’s going to be epic.

To start the dialogue it’s important to appreciate societal shifts, consumer trends and the current state of the small business ecosystem. While there are so many exciting shifts happening (too many to list), here’s a look at key trends contributing to the groundswell, opportunities you can leverage and profit from in 2015 and beyond.

 

Entrepreneurship Highlights

The GEM 2014 Global Report finds that entrepreneurship worldwide has recovered from The Great Recession. The U.S. consistently exhibits one of the highest entrepreneurship rates in the developed world. Entrepreneurship policy is a key driver. The societal attitudes towards entrepreneurship also continue to be favorable. That’s not going to change any time soon.

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“There are almost 28 million small businesses in the US [and] approximately 543,000 new businesses get started each month.” (Forbes)

 

“Of bootstrapped companies, eighty-one percent (81%) anticipate their business will grow faster in [2015] … As another signal of optimism, 67% say they will hire more people in 2015 than they did in 2014.” (Mainsail Partners)

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Startup Ecosystem Highlights

As an entrepreneur you play an invaluable role in the startup community. As individual entrepreneurs in a burgeoning ecosystem we all play key roles outside of our own ventures – as customers, suppliers, and service providers for others. These concentric value creation networks will continue to disrupt larger, less agile institutional efforts.

With the democratization and unbundling of industry, we will also continue to see startup barriers lowered; making entrepreneurship more efficient and accessible.

From edutech startups and free open learning initiatives to crowdsourced startup funding and SaaS companies (making enterprise level back-office software accessible to startups) the playing field has never been more level.

Not to mention the rise of the sharing economy with the onset of Airbnb-type companies, ride-sharing (even umbrella sharing apps) and peer-to-peer startups. The collective value-add is expanding.

 

The Most Exciting Entrepreneurship Trend

When you think about entrepreneurship what is the most exciting trend that comes to mind?

 

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