Early-Stage Entrepreneurship : Some Key Indicators and a Summary Index

Entrepreneurship is a process and a series of dynamic steps, rather than a binary or static outcome. To provide more granular insights into the early stages of entrepreneurship, we elaborate on four indicators and a summary index capturing different dimensions of entrepreneurial activity within the population and within new businesses.The four early-stage entrepreneurship indicators:- Rate of new entrepreneurs: the percentage of the adult, non-business owner population that starts a business each month.- Opportunity share of new entrepreneurs: the percent of the total number of new entrepreneurs who were not unemployed and not looking for a job as they started the new business.- Startup early job creation: the total employment created by new employer firms in their first year for every 1,000 people, meaning that it is a measure of average first year job creation by a startup, and it is comparable across time and by geography.- Startup early survival rate: the percentage of new employer establishments that are still active after one year of operation