Being an Entrepreneur in the 21st Century -Part 1

Highlights of Being an Entrepreneur in the 21st Century – Part 1:

Everyone living here has enjoyed a very high standard of living.
Unfortunately, that’s changing. The economy has changed. The whole world is changing.
Entire countries are bankrupt and more are certain to follow. Lehman Brothers is gone. GM was bankrupt.
Why is this happening? Quite simply – global trade. The world has become a very small place.
This has had a dramatic effect on many big companies. For a Canadian example: Nortel.
What about the big, great technology companies? Like Intel, Microsoft and Cisco?
None of these companies have created any wealth for their shareholders for over 15 years.
Today big companies seem to be risky, and not very lucrative, places to work.
The best and brightest are now often working in startups. And startups have been creating all of the new jobs.
Startups are now where the innovation happens, where the excitement is and where the wealth is being created.
The three big trends that entrepreneurs can capitalize on to create wealth today are:
Innovation, Internet Acceleration and Capital Efficiency
And the other good news is that there is no shortage of capital. Let me repeat that – no shortage of capital.
Who actually finances startups? It’s not the Venture Capital funds.
Angel investors finance 27x more companies than VC funds
But the really big money is from Friends and Family. (Which can create some problems if we aren’t careful.)

Part 1 of the Being an Entrepreneur video series is also available on Youtube.