Enterprises are replaced: so create yours
Enterprise life cycles are shortening.
The 100 largest American companies in 1966: what has become of them 40 years later?
- 19 are still in the top 100
- 15 still exist but are no longer in the top 100
- 66 have disappeared!
Globalization and technological innovation accelerate this movement. How many of today's Enterprises will still be here tomorrow? We can assume, given the current movement, that in less than 40 years it is likely that 2/3 of them will have disappeared.
General Electric believes that 30% of its current activity will naturally die off within 10 years.
Standard and Poor's have announced that enterprise life spans are inexorably decreasing:
- 75 years in 1957
- 25 years in 2003
- 10 years in 2013
If many enterprises disappear, it is because the rapid renewal of Products is reshuffling the cards: more and more Enterprises are starting up, replacing the existing ones...
Belonging to a "system" is no longer a guarantee of security for the individual; even job security in the Civil Service is threatened today in a growing number of countries. True security is now linked to one's own Competence: the ultimate competence being the ability to create one's own enterprise and job.
How can we know if we are capable of starting an enterprise?
But how can we know if we are capable of starting our own Enterprise?
Most Entrepreneurs had no experience of starting an enterprise before actually doing so, and yet, a large number of them have been successful. Not necessarily first time round, but during subsequent attempts: we have to remain confident about our ability to progress in the art of entrepreneurship.
In actual fact, it is impossible to know in advance if we will succeed; the only rule that we can set out is that we must not hesitate to try our luck if the desire is there so that, when we are 80, we have no regrets about not having tried.
Some state that they are not 20 any more and that they have passed the age for taking risks. In reality, most enterprise entrepreneurs have had initial experience as an employee in an existing enterprise. We start an Enterprise, on average, around 40.
The story of George the Baker is made available under the terms of the
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