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Unleashing entrepreneurs good for us all

20 0 0
22.08.2019

By Tom Purcell

Here's some great news: The American entrepreneur is flourishing again.

From 1980 until 2017, "the number of new startups formed each year … plummeted by half ― from almost 15% of all business 35 years ago to barely 8%," according to Forbes contributor David Pridham.

In 2015, regrettably, America experienced more business deaths than new business startups ― the first time that had happened since the sluggish economy of 1980.

Just a few years ago, U.S. Census Bureau data showed the U.S. ranked "12th among developed nations in terms of business startup activity," according to Jim Clifton, chairman and CEO of Gallup.

When you consider that small business is the engine of economic vitality, these stats were extremely sobering.

"In his seminal 1958 work 'The Sources of Invention,' the late British economist Jonathan Jewkes reviewed the histories of all the major job-creating inventions of the twentieth century," Pridham writes. "He found, to the surprise of........

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