Startups Are Not Fueled By Recessions
The Kauffmann Foundation, a non-profit organization focused on entrepreneurs, released a report last week stating that new business startups has remained consistent over the years despite economic conditions.
Other research data, including that from the U.S. Census Bureau and the SBA, gathered from 1977 all the way to March 2009, shows that approximately 600,000 new businesses were developed each year. Many people tend to believe that, as people lose jobs, they rush to find a way to start their own business or promote that invention or big idea they had tucked away in the back of their minds. But according to Kauffmann researchers, there is not enough proof to support that type of pattern.
Amazingly, on the flip side, other findings show that most Fortune 500 companies actually began during tough economic times.
Our Own Input
But who of us small business owners and entrepreneurs care anything about data anyway? We have a vision and a goal. Right? Some of us will survive. Others won’t. But that doesn’t mean we can’t help each other find ways to create success in some way or another. Let’s keep working to build and support one another and grow to success. Best wishes everyone! – Exec Bytes
By Elizabeth Montalbano; Edited by Bill Sorensen