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A Decline in American Entrepreneurship
- redsymbol 16y agoNote that while the drop is certainly significant, the vertical scale of the graph is misleadingly zoomed in on a narrow range. Looks like it dropped from a peak of about 20.25 in 2005, to just under 19 in 2009. What's being tracked here is the number of companies that employ individuals other than the owner/founder. Such an entity is very different from a self-employed "business of one", and it's a great and important thing to measure. The reduction is very interesting. One of my major goals with my own business - founded in 2009 - is to create jobs. Not the primary goal, but certainly on the short list. I know that's traditionally been a motivator for many other entrepreneurs, and I wonder if that motivation has become less common. I'd like to think it hasn't, and instead it's just been harder to pull off in recent years.
- spitfire 16y agoWhat is that number? There were 20 small businesses in america and that fell to 18? 20 per 1000 per 10000? A little bit of context would help. On the other hand, who cares? If you have a niche you can make a profit from, make hay. Focus on customers, rather than others.