What do all of the most dynamic 21st Century entrepreneurial companies have in common? They:
1. Pursue Global Markets
2. Place Corporate Culture Above All Else
3. Embrace the Black Swan Both Within and Without
1. Pursue Global Markets. If you don’t have a business that can scale globally, then either don’t bother or just content yourself with staying small.
Try these statistics on for size, from 1999 to today Asia’s share of the world’s Initial Public Offerings grew from 12% to 66%.
In that same time frame, United States IPO volume declined 75% in real terms and now accounts for less than 11% of the global total. 7 Companies in China have raised more than $1 billion in an IPO this year. In the U.S. so far, no company has raised more than $700 million and it is somewhat of a sad commentary that the biggest U.S. IPO by far this year will be the government ward General Motors.
To read the full, original article click on this link: Entrepreneurship in the Fast Lane | Growthink
Author: Jay Turo
