Fewer People Working in Start-ups
Here’s a little known fact about entrepreneurship. The number of people working at start-ups has fallen by half over the past decade. Bureau of Labor Statistics (BLS) data show that the number of...
View ArticleJapanese self-employment hit hardest by the Great Recession
Many people have reported that the Great Recession took a toll on self-employment. That’s certainly true in the United States. As data from the Organization for Economic Co-operation and Development...
View ArticleMajority of U.S. Patents Go to Foreigners
Since 2008 the majority of U.S. patents have been awarded to non-residents. This pattern marks a renewed contribution of foreign inventors in recent years. After reaching a high of 48 percent in the...
View ArticleWhat makes entrepreneurs successful?
This is probably the question I am most asked about entrepreneurship. But rather than tell you my answer, I’m going to give you someone else’s. As part of an economics unit, my daughter’s fourth grade...
View ArticleJobs Lost from Company Failure a Small Business Problem
Businesses destroy jobs in one of two ways: a company lays off workers or it goes under, eliminating the jobs of the people who worked there. Job loss from business failure is something that happens...
View ArticleShare of Employer Firms Continues to Decline
The fraction of U.S. businesses with employees declined again in 2010, the thirteenth consecutive annual decline, data from the Small Business Administration’s Office of Advocacy (SBA) shows. This...
View ArticleThe Great Recession’s hit to self-employment
It’s basic economics. During the Great Recession, the number of Americans working for themselves dropped proportionately more than the number working for others. Why? In part because self-employment...
View ArticleWho Runs Most Business Establishments?
Most U.S. business establishments are run by micro-entrepreneurs. Data from the U.S. Census reveals that 58 percent of establishments belonged to firms with fewer than 10 employees in 2009, the most...
View ArticleSmall loans are more expensive
Small businesses pay more for little loans than big ones, Small Business Administration (SBA) data show. The figure below shows the interest rate paid for the average loans of less than $9,000, of...
View ArticleThe Economic Impact of C Corps or the Frequency of Sole Proprietorships
Policy makers often have different foci when they think about small businesses. Some of them pay attention to the number of companies affected by a law or regulation. Others look at how the law or...
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