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It takes capital and the capacity to take on risk to start your own business. Many younger people nowadays start their careers with tens or hundreds of thousand
by TheAdamAndChe 9y ago
It takes capital and the capacity to take on risk to start your own business. Many younger people nowadays start their careers with tens or hundreds of thousands of dollars of debt. It's suspected that this is what is causing the declining startup rates[1].
[1] https://www.washingtonpost.com/news/on-small-business/wp/2015/02/12/the-decline-of-american-entrepreneurship-in-five-charts/?utm_term=.3038c1e98663 https://www.washingtonpost.com/news/on-small-business/wp/201...