Joel LibavaIn a study just released, and brought to my attention via M Booth And Associates in New York City, there is clear evidence of the impact of this recession on the world entrepreneur community.
The Organisation for Economic Co-operation and Development (OECD) wrote that;
"Our research
shows that new and young firms have been the primary source of new jobs
in the United States over the past three decades," said Robert Litan,
vice president of Research & Policy at the Ewing Marion Kauffman
Foundation, which funded the study. "While business exits are a normal
part of a healthy entrepreneurial ecosystem, this study shows a
concurrent increase in exits and decrease in formation throughout OECD
countries as a whole. This should send a giant red flag to policymakers
around the globe to pull out all the stops to encourage and support
business startups so we can create new jobs and sustain a worldwide
economic recovery."
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By the way, it's Global Entrepreneurship Week.
About the Author
The Franchise King®, Joel Libava, is a leading franchise expert, author of "Become a Franchise Owner!" and "The Definitive Guide to Franchise Research." Featured in outlets like The New York Times, CNBC, and Franchise Direct, Joel’s no-nonsense approach as a trusted Franchise Ownership Advisor helps aspiring franchisees make smart, informed decisions in their journey to franchise ownership. He owns and operates this franchise blog.
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