Super Entrepreneurs

THE CENTRE FOR POLICY STUDIES SUPERENTREPRENEURS AND HOW YOUR COUNTRY CAN GET THEM THE DEFINITION OF A SUPERENTREPRENEUR NEW FIRM BILLIONAIRE SELF- MADE SuperEntrepreneurs are individuals who have founded new firms and made at least $1 b illion. The y are self - m ade, meaning that their wealth is not based upon inheritance. The majority of SuperEntrepreneurs have gain ed their we alth through IT, biotech, finance or ret ail. SELF-EM PLOYMENT SUPERENTREPRENEURS PER MILLION PEOPLE 1/2 10% 20% 30 % 40 % Self-Emplo y ment Rate - OECD Nations Self-employment is often used to measure entrepreneurship but we found it to be completely inadequate. In fact, the rate of SuperEntrepreneurship across 30 OECD nations tends to go down as self-emplo yment rises. THE BENEFITS OF SUPERENTREPRENEURS JOBS WEALTH INNOVATION SuperEntrepreneurs h ave created millions of jobs, billions of dollars in private wealth and pro bably trillions of dollars of value for society. FIRMS FOUNDED BY SUPERENTREPRENEURS Amazon Aldi Blackberry Apple Armani Cathay Pacific Cisco Benetton Check Point Dell H & M Cirque du Soleil e Bay Ikea Honda Facebook Red Bull Softbank FedEx Ryanair Swatch Virgin Sony Google Intel Microsoft Zara Nike Oracle Wal-Mart Yahoo TOP 20 NATIONS SUPERENTREPRENEURS PER MILLION PEOPLE 3 1 THE CHARACTERISTICS OF SUPERENTREPRENEURIAL NATIONS EDUCATION LAW & ORDER FREE MARKETS SuperEntrepreneurial nations are characterised by high standards of education, robust legal structures and relatively low levels of taxation and regulation. 00 ELITE UNIVERSITY DEGRE ES SUPERENTREPRENEURS V. USA AVERAGE 30 % 20% 10% SuperEntrepreneurs U.S.A. Average A disproportionately high number of American SuperEntrepreneurs h ave degrees from The Tvy League and other elite universities. Entrepreneurial nations tend to have highly educated populations and superb universities. LEGAL T RADITION & SUPERENTREPRENEURS PER MILLION PEOPLE 1/2 DM kr French Scandinavian German English Nations he avily influenced by English law, e.g. the USA, Canada and Australia, have a particularly go od record for producing SuperEntrepreneurs. TAX ON PROFITS SUPERENTREPRE NEURS PER MILLION PEOPLE 3 20% 40 % 60 % 80% Tax on Profits - OECD Nations High tax rates tend to le ad to fewer SuperEntrepreneurs. Governments can boost entrepreneurial growth by lowering tax rates. Capital gains tax has a particularly negative effect upon SuperEntrepreneurship. E ASE OF DOING BUSINESS & SUPER ENTREPRENEURS PER MILLION PEOPLE 1/2 3 The Regulatory Burden - OECD Nations SuperEntrepreneurs tend to prosper in low regulatory climates. Regulations make business time -consuming and expensive, and do not necessarily lead to safer products or greater competition. FIND OUT MORE WwW.C PS.ORG.UK Centre for Policy Studies Discover why self-employment should not be confused with entrepreneurism and how free markets, robust legalI structures and education can turn your country into a nation of SuperEntrepreneurs! @ CPSTHINKTANK GRAPHIC DESIGN BY wwW.LEON.CAT © Centre for Policy Studies 2013 Hong Kong Isra el U.S.A Switzerland Singapore Norway Ireland Taiwan Canada Australia New Zealand Sweden Germany Japan Spain Czech Rep Turkey Portugal Greece