‘From Rags to Riches‘? Differences and Parallels as Regards to the Foundation and Future Development of American and German Enterprises

Pre-University Paper from the year 2017 in the subject English - Applied Geography, grade: 13, , language: English, abstract: ‘From rags to riches‘? Is this saying still true? Can people rely on what is always said and believe in the ‘unlimited opportunities‘ they are indirectly promised? On the contrary the Federal Republic of Germany is aware of the potential of the newcomers in business. With much effort, Germany tries to create promising surroundings for entrepreneurs. America, however is a giant, regarding geographical size and the size of the markets that are open to any potential founders. Is Germany even a good alternative to the well¿known America, ‘land of dreams‘? This extended project focusses on the differences and parallels in regard to the foundation and future development of American and German enterprises. After comparing the social and market factors of these two countries, the reader will be given an answer to the question ‘From rags to riches?‘ ¿ a true statement for Germany as well as America. In this project, the main focus is on the product and innovation based start¿ups. _