The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By

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Yale University Press, Oct 1, 2008 - Business & Economics - 224 pages

A challenge to the myths we hold about entrepreneurs in America—who they are, what they do, and how they succeed

There are far more entrepreneurs than most people realize. But the failure rate of new businesses is disappointingly high, and the economic impact of most of them disappointingly low, suggesting that enthusiastic would-be entrepreneurs and their investors all too often operate under a false set of assumptions. This book shows that the reality of entrepreneurship is decidedly different from the myths that have come to surround it. Scott Shane, a leading expert in entrepreneurial activity in the United States and other countries, draws on the data from extensive research to provide accurate, useful information about who becomes an entrepreneur and why, how businesses are started, which factors lead to success, and which predict a likely failure. The Illusions of Entrepreneurship is an essential resource for everyone who has dreamed of starting a new business, for investors in start-ups, for policy makers attempting to facilitate the formation and survival of new businesses, and for researchers interested in the economic impact of entrepreneurial activity.


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The illusions of entrepreneurship: the costly myths that entrepreneurs, investors, and policy makers live by

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The word "entrepreneur" can invoke a glittering rags-to-riches fable, but the reality, as Shane informs us, is much more mundane: someone who dislikes working for others, forms a company and, likely ... Read full review

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This book gave overall view of entrepreneurship,indicators of entrepreneurship.
*It covered green entrepreneurship which is one of the emerging topic as any project must not harm the nature,share of
green entrepreneurs and it's percentage.
Birth and death rate of entrepreneurs,about women entrepreneurs,migrant entrepreneurs...
Thus it covered all the topic of entrepreneurs and it was amazing to read. It gives a glance how it contributes for employment generation.They also used lots of graphs which was useful for easy understanding of topic. Overall it was a awesome book for reading.


Land of Entrepreneurship in an Entrepreneurial Era?
2 What Are Todays Entrepreneurial Industries?
3 Who Becomes an Entrepreneur?
4 What Does the Typical StartUp Look Like?
5 How Are New Businesses Financed?
6 How Well Does the Typical Entrepreneur Do?
7 What Makes Some Entrepreneurs More Successful Than Others?
8 Why Dont Women Start More Companies?
9 Why Is Black Entrepreneurship So Rare?
10 How Valuable Is the Average StartUp?

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About the author (2008)

Scott Shane is the A. Malachi Mixon III professor of entrepreneurial studies at Case Western Reserve University. He is the author or editor of eleven books and more than sixty scholarly articles on entrepreneurship and innovation management. He lives in Shaker Heights, OH.

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