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.”
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Unless one is a foreign national wanting to start up a business.
ReplyDeleteBorrow a million, don't pay it back, no problem.
DeleteOf 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.
ReplyDeletethe number of self-employed people under the age of 30 is negligible.
DeleteI am sure, plus 28% of recent college grads are living with their parents.
Going out of business or going underground? Americas new dirty little secret - the black market. Ask Ann Barnhardt if you are confused.
ReplyDeleteFor got about that. Good, less money that the government will have to throw away.
DeleteExactly I just paid 1500 cash to have a shed built, half price no government intervention I love it
DeleteYes, cash is king.
DeleteYoung people as entreprenuers?
ReplyDeleteWhen 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.
When one starts a business it typically takes yrs of working 50-80+HR. Weeks with no compensation (reinvesting all back into business).
DeleteGood point.