Friday, January 30, 2015

American Small Business Is Literally Dying

 Going out of Business

According to Gallup, the United States now ranks 12th in the world in business startup activity. Italy, one of the weaker countries in the Eurozone, has a higher rate of business startups than the US. This isn’t a statistical quirk. Entrepreneurship, the special sauce that launches new business, is in steep decline here for the first time ever.

“When small and medium-sized businesses are dying faster than they’re being born, so is free enterprise,” writes Jim Clifton, Chairman and CEO of Gallup. “And when free enterprise dies, America dies with it.”

More @ Breitbart

10 comments:

  1. Unless one is a foreign national wanting to start up a business.

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    1. Borrow a million, don't pay it back, no problem.

      Delete
  2. Of course I can't find that statistic and link when I need to repost it, but it was to the effect that the number of self-employed people under the age of 30 is negligible. Entrepreneurism is dead.

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    1. the number of self-employed people under the age of 30 is negligible.

      I am sure, plus 28% of recent college grads are living with their parents.

      Delete
  3. Going out of business or going underground? Americas new dirty little secret - the black market. Ask Ann Barnhardt if you are confused.

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    1. For got about that. Good, less money that the government will have to throw away.

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    2. Exactly I just paid 1500 cash to have a shed built, half price no government intervention I love it

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  4. Young people as entreprenuers?
    When one starts a business it typically takes yrs of working 50-80+HR. Weeks with no compensation (reinvesting all back into business).
    I hate to say this, but this generation has zero skills , fortitude or risk taking to succeed. Special snowflakes.

    I hope I'm already dead when they are running things. Just had this conversation with the Mr.

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    Replies
    1. When one starts a business it typically takes yrs of working 50-80+HR. Weeks with no compensation (reinvesting all back into business).

      Good point.

      Delete