The definition of an “entrepreneur” is defined as a “start-up business”.  In many cases, most of them do fail to withstand against the competition of their market; however, businesses that do succeed would then be able to expand. In this case, I consider 3M as an entrepreneurial company. This business was found in 1902 starting off producing sandpaper and scotch tape. Since then, the business has expanded and now provides over 55,000 products and services, which include Healthcare (18.6% of sales), Industrial and Transportation (30.8% of sales), Consumer and Office (15% of sales), Display and Graphics (13.5% of sales), Electronic and Communications (9.8% of sales), Safety and Security (13.8% of sales) (http://solutions.3m.com/en_US/Products/).

3M is not only well known within North America, it is also eminent internationally. By 2009, 63% of its total revenue was generated outside of America. In 2010, 3M’s total revenue derived was $6.87 and finally, in 2011, total revenue generated adds up to $7.53 billion. This amount and speed of wealth creation exceeds a “small business” would ever generate.

This entrepreneurial company has definitely demonstrated its constant growth throughout the years to be considered one of the many innovative businesses in the industry along with Apple, Google, GE, P&G, Samsung, etc.