Entrepreneurship Indicators Programme Highlights Previews EISG Paris November

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Entrepreneurship Indicators ProgrammeHighlights
PreviewsEISG Paris November

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EIP Definitions

• Entrepreneurs those persons (business owners)
  who seek to generate value, through the creation
  or expansion of economic activity, by identifying
  and exploiting new products, processes or
  markets.
• Entrepreneurial activity the enterprising human
  action in pursuit of the generation of value,
  through the creation or expansion of economic
  activity, by identifying and exploiting new
  products, processes or markets.
• Entrepreneurship is the phenomenon associated
  with entrepreneurial activity.

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Some Important Principles

• Entrepreneur vs. Entrepreneurship
• Not just small or young firms
• Not all firms are entrepreneurial
• They are doing something new
• Some entrepreneurs fail
• Value can be defined in different ways

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A Framework for Indicators
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Core Indicators
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Enterprise Birth Rate(Not fully comparable)
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Employer Firm Birth Rates
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Employer FirmsBirths, Deaths, Churn
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Employer Firm Birth Rate by Sector
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Employer Firm Death Rate by Sector
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High Growth Over 3 Years
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Business Population
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Business Population Changes by Size Class
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Proportion of 3 and 5 year old Firms
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Proportion of Young Employer Firms, USA and Canada
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Export Performance
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Export Performance Outside EU
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Leading Indicators of Entrepreneurship

• Developing Administrative and LFS-based measures
• Timely, yet based on a comprehensive register or
  a large sample

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Birth Rates from LFS Data

• UK self-employed firm births ()

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Survival rates of self-employed firms