Entrepreneurship Alive and Well in the US

    April 21, 2005

The entrepreneurial spirit alive and well in the U.S., according to findings from a new nationwide study, revealing that 47% of U.S. adults have taken initial steps toward starting their own business or supplementing their income.

The new survey was commissioned by Register.com, Inc. (Nasdaq:RCOM), a leading provider of global domain registration and Internet services, in tandem with Small Business Week and the Small Business Administration’s SBA Expo ’05 (April 26-28, 2005) in order to highlight the strength of the entrepreneurial spirit in the United States.

Providing further evidence of the robust strength of entrepreneurs, the survey revealed several interesting results, including:

– 31% of U.S. adults have crafted a business idea

– 24% have researched his or her idea online; 26% plan to do so

– 21% have already formulated a business plan, and 27% anticipate doing so in the future

– 9% have already built a Web site; 17% plan to in the future

– 7% have sold product directly through online channels, while 13% plan to do so

“With almost half the nation’s population wanting to start their own business or supplement their income, this study speaks volumes about the health of the entrepreneurial spirit in America,” said Monica Hodges, general manager of Retail for Register.com. “It also underscores what a powerful force the Internet is for today’s aspiring entrepreneurs. Whereas the Web was once the turf of large enterprises, today it can help to level the playing field for small business owners.”

Volunteer small business consultancy Service Corps of Retired Executives (SCORE) CEO Ken Yancey said, “For many Americans, owning a small business is a part of the American dream. It’s no surprise that this survey revealed 47 percent of U.S. adults are moving in the direction of small business ownership. The survey results indicate that small business hopefuls are proactive and taking steps to form, start, and launch their business in the marketplace–including online.”

“Still, despite the thousands of new Web sites coming online each day, the survey suggests that a significant portion of future small business owners have yet to launch the online component of their business. Many small business owners may be intimidated by the prospect of building a Web site, fearing that it is too complicated, expensive or too time consuming. We’re committed to exposing those myths and demonstrating how simple it really is for any business to establish an online presence by partnering with a company like Register.com,” added Hodges.

Register.com offers a full suite of products and services specifically targeted at small business customers, including domain registration, DIY Web design tools (WebSiteNOW! ), professional Web design services, branded email, and data back up. All Register.com offerings are backed by 24x7x365 access to live, toll-free telephone customer support.

The Company’s support team is specifically trained to help business owners get the most from their Web solutions and to eliminate the hassle and frustrations historically associated with building a Web presence. By partnering with Register.com, small business owners can have a Web site up and running for less than $100 per year in as little as 24 hours.

Details about Register.com’s small business offerings can be found at www.register.com or by calling toll-free 866.734.4249.

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