Paul D. Reynolds, Honorary Professor of Entrepreneurship, Aston Business School, Birmingham, UK and Founding Coordinating Principal Investigator, Global Entrepreneurship Monitor Program

'A comprehensive account of business creation and its role in society by the architect behind the largest research programs on entrepreneurship in the world. Reynolds covers a multitude of important aspects of entrepreneurship - from grassroots to grandiose - underpinned by solid data.'--Per Davidsson, QUT Business School, Australia and Jönköping University, Sweden'Truth is always illuminating, and never more so than understanding what is true concerning entrepreneurship, where myths too often prevail over the truth concerning this essential source of prosperity. Paul's book is now the definitive source of this truth and is indispensable for anyone who wants to help the world become more prosperous.'--Derek Lidow, Princeton University, US'Entrepreneurship (business creation) is a wide-spread human activity that currently involves 600 million people starting about 400 million new ventures, word-wide. Paul Reynold's new book The Truth About Entrepreneurship provides essential facts and insights about how and why entrepreneurship occurs across the globe and offers policy makers and others critical knowledge about this important economic and social activity. This book, and his earlier text, Business Creation, are critical resources for anyone who wants a comprehensive understanding of the process and characteristics of entrepreneurship and its value for economic and social growth and change.'--William B. Gartner, Babson College, US

• Contents: Preface 1. Business Creation: Wall Street and Main Street 2. Business Creation: Scope and Stability 3. Business Creation and Economic Growth: Churning is Good 4. New Firms are the Major Source of New Jobs 5. Different National Development: Different Business Creation 6. Context Counts, But May be Hard to Change 7. Growth Firms and Job Redistribution 8. Money is Necessary, But Not Sufficient 9. Everyone Pays, Some Benefit a Lot 10. An Important Option for the Desperate 11. New Firms: Change Agents Hiding in Plain Sight Appendix A Global Entrepreneurship Monitor (GEM) Program Appendix B U.S. Regional Business Dynamics Data Set Appendix C U.S. Panel Study of Entrepreneurial Dynamics (PSED) Program References Index

Paul D. Reynolds, Honorary Professor of Entrepreneurship, Aston Business School, Birmingham, UK and Founding Coordinating Principal Investigator, Global Entrepreneurship Monitor Program

'A comprehensive account of business creation and its role in society by the architect behind the largest research programs on entrepreneurship in the world. Reynolds covers a multitude of important aspects of entrepreneurship - from grassroots to grandiose - underpinned by solid data.'--Per Davidsson, QUT Business School, Australia and Jönköping University, Sweden'Truth is always illuminating, and never more so than understanding what is true concerning entrepreneurship, where myths too often prevail over the truth concerning this essential source of prosperity. Paul's book is now the definitive source of this truth and is indispensable for anyone who wants to help the world become more prosperous.'--Derek Lidow, Princeton University, US'Entrepreneurship (business creation) is a wide-spread human activity that currently involves 600 million people starting about 400 million new ventures, word-wide. Paul Reynold's new book The Truth About Entrepreneurship provides essential facts and insights about how and why entrepreneurship occurs across the globe and offers policy makers and others critical knowledge about this important economic and social activity. This book, and his earlier text, Business Creation, are critical resources for anyone who wants a comprehensive understanding of the process and characteristics of entrepreneurship and its value for economic and social growth and change.'--William B. Gartner, Babson College, US

• Contents: Preface 1. Business Creation: Wall Street and Main Street 2. Business Creation: Scope and Stability 3. Business Creation and Economic Growth: Churning is Good 4. New Firms are the Major Source of New Jobs 5. Different National Development: Different Business Creation 6. Context Counts, But May be Hard to Change 7. Growth Firms and Job Redistribution 8. Money is Necessary, But Not Sufficient 9. Everyone Pays, Some Benefit a Lot 10. An Important Option for the Desperate 11. New Firms: Change Agents Hiding in Plain Sight Appendix A Global Entrepreneurship Monitor (GEM) Program Appendix B U.S. Regional Business Dynamics Data Set Appendix C U.S. Panel Study of Entrepreneurial Dynamics (PSED) Program References Index