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What kinds of businesses are the newest entrepreneurs launching?

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With only a couple of exceptions -- a few more retailers, for example, and not as many wholesalers -- entrepreneurs are starting companies in pretty much the same business sectors that established companies are in. "I have an exercise I do with my class," says William B. Gartner, who teaches entrepreneurship at the University of Southern California. "It's this: Name an industry where there hasn't been a start-up in the last five years. You can't. Cars. Steel mills. Every industry has had some kind of entrepreneurial input. We fail to appreciate that when we think about what entrepreneurship means."

The 2001 State of Small Business issue

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