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;
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"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
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
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