Small business and high impact entrepreneurs: The same, only different

One thing that that strikes me about economic development initiatives and organizations in places that have limited experience with the high risk/reward entrepreneurial culture that thrives in regions with robust venture capital resources, is that too many of them don’t understand the profound differences between the small business entrepreneur and the high impact entrepreneur.

And that is a real problem, because as important as both of these entrepreneurs are to a healthy economy, besides starting small they are dramatically different in both their needs and their respective contributions to a healthy economy. Small business entrepreneurship can and should be encouraged: small businesses are the foundation of our economy. But if small business are the foundation, high impact entrepreneurship is the innovation engine of our economy. We need to support both kinds of entrepreneurship, and to do that we need to understand how different these two kinds of entrepreneurs are.

Paul A. Jones

Full Story: http://wistechnology.com/articles/7548/