Firstly, entrepreneurship has also led to the development of large enterprises. Nowadays, there are two differences between the entrepreneurial team and the original one: firstly, more entrepreneurs are university students and returnees, there are few farmers and workers who start their own business, and the entrepreneurs who lead the future trend should be university students; secondly, traditional industries and the Internet are closely united, nowadays any industry can't be called entrepreneurship without the Internet. And these two points also lead to a certain degree of difficulty in starting a business.
It is expected that 10 to 15 years from now, the total income, or total GDP content, generated by private enterprises and businesses starting up now will far exceed that of our generation plus the previous generation of entrepreneurs. The so-called successful entrepreneurs of our generation are actually starting to fall behind. One of the major reasons why New Oriental has clearly failed to catch up in the development of the Internet is that I myself do not understand the Internet.
When my generation started up, it was almost impossible to get investment, we all started from scratch and built up every penny. The advantage of starting a business now is that you can get investment, and I myself have been involved in some investment to a greater or lesser extent. The advantage of this is that it makes it less painful for entrepreneurs to dig into their own pockets to do things.
However, this also brings a downside, because it is someone else's money and it does not hurt, so many entrepreneurs call it entrepreneurship, but in fact the path to entrepreneurship entrepreneurship and profitability is to be busy writing startup reports and working on business plans, with the aim of getting money.
This is a big time for entrepreneurship and it is one that will continue. Such a wave of entrepreneurship will change the economic structure, the economic landscape of the country. Yuan Yue has done a very good thing, which is to start up and innovate in the service industry. In developed countries around the world, the service sector generally accounts for about 80% of GDP. This means that we still have a whole half of the space in the service sector.
At the same time, the service sector is the sector where the state has the least monopoly of resources. To have economic vitality we must break the monopoly, and entrepreneurship and innovation in the service sector becomes one of the means to break the monopoly. China's future development will require people with vested interests to give up their interests, which is very difficult.