The Franchise King®

Kauffman Foundation Funded Study Reveals GLOBAL Impact Of An Economic Recession


(This post may contain affiliate links. Please read my disclosure policy).

In 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.

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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes.
For 23 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

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