U.S. entrepreneurship study reports the number of adults choosing to hang their own shingle is at 13%, an all time high.

04.06.2013
U.S. entrepreneurship study reports the number of adults choosing to hang their own shingle is at 13%, an all time high– proving that successful, self-driven individuals, like Engel & Völkers license partner, Sandra Wilken, see themselves as the strength during economic downturn.

The biggest trends in the latest study from Babson and Baruch College about entrepreneurship are attributed to opportunity-oriented individuals who are in search of success in a more global market, start their business at any age, and are a balance of genders.

All three trends are exactly what we see in our latest partner in the American Southwest with Sandra Wilken. Licence Partner at E&V in Scottsdale, one of Arizona’s most successful agents.

Babson and Baruch College have been researching entrepreneurship rates since 1999 and have tracked that since the fiscal crisis, the biggest reason for the recent surge in founding and developing business has been because of the attraction to opportunity.

“Despite a sluggish economy, 2012 was marked by U.S. entrepreneurs reporting greater optimism and confidence in their abilities to start new businesses,” lead author, Donna J. Kelley, Associate Professor of Entrepreneurship at Babson College said in a comment about the study.

The trend has been certainly noted at Engel & Völkers, one of the world’s leading premium real estate companies, who makes a great example in the American Southwest with its newest brokerage in Scottsdale, Arizona. Seasoned entrepreneur, Sandra Wilken, a successful real estate founder in Scottsdale’s premier market segment recently signed up to be part of the Engel & Völkers group to take her already booming business to the next level of success.

“It’s an extreme honor to be selected by such a prestigious, international real estate company,” said Wilken, who joined Engel & Völkers with more than 38 years of real estate experience and as a well-known and respected name in Arizona real estate. “With the success that my company has experienced over the past 18 years, it seems to be a natural step in catapulting us to an international level.”

The Babson and Baruch College Global Entrepreneurship Monitor U.S. report says that one of the biggest opportunities for U.S. based founders is to tap the potential of global markets.

According to the report, while the digital revolution has made it possible to reach customers overseas, only 12 percent of U.S. entrepreneurs said more than 25 percent of their clientele are based abroad.

In 2012, Wilken’s real estate brokerage’s 10 expert agents closed over $58 million in transactions. As Engel & Völkers Scottsdale, the hiring of additional agents doubled the size of the team with the expectation of increased production numbers across the board in 2013. In addition, they now have the support of a globally recognized brand and 35 Engel & Völkers brokerages in premium markets throughout the U.S. and over 500 brokerages in 37 countries spanning five continents.

“The timing couldn’t be better with Arizona’s housing market seeing significant gains month over month. As more and more buyers arrive from Canada, Mexico, the United Kingdom, France and Germany, this is a perfect opportunity to bring Scottsdale to the world and the world to Scottsdale,” said Wilken.

The times are certainly evolving, and Wilken is a great example for the next wave of entrepreneurs to evolve the U.S. economy. 43 percent of Americans believe there are good opportunities for entrepreneurship, up by more than 20 percent since 2011 and the highest level recorded in the history of the study, called the Global Entrepreneurship Monitor U.S. report.

Report writer, Kelley from Babson College said in a comment about the study, “I’m wondering if, after the long recession, more Americans are coming to the conclusion that I did, when I started my own business in 2007: The old rules, in which getting traditional job was the smartest career route for many, don’t apply as much anymore. I was very interested to see that in four out of the five years between 2008 and 2012, 56% of adults said they had the ability to start a business–a confidence level higher than in many innovation-driven economies.”

Not only gaining access to a global market through the partnership with Engel & Völkers, but Wilken also secured her success by signing to one of the world’s leading companies specializing in the sale and lease of premium residential and commercial property and yachts.
Engel & Völkers opened its first brokerage in North America in 2006 extending its global network of 3,800 real estate advisors in 490 residential brokerages and 43 commercial offices spanning 37 countries offering both private and institutional clients a professionally tailored range of luxury services. Committed to exceptional service, Engel & Völkers supports its agents with an array of high quality business services; marketing programs and tools; cutting edge mobile, social and web technologies; as well as access to its global network of real estate professionals and data. Naturally, Engel & Völkers is an active supporter of the Fair Housing Act and the Equal Opportunity Act.

Each brokerage is independently owned and operated, and the perfect place for real estate agents who love their property, to be part of a ‘made in Germany’ reliable system for entrepreneurs to take their business to the next level.

Back up information:

Link to the Report: http://www.gemconsortium.org/docs/download/2804

Link to Engel & Völkers Sandra Wilken: http://www.sandrawilken.com/

More Information about our franchise system: https://www.engelvoelkers.com/franchise/en/franchise-system/

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