During National Small Business Week last May, Brian Morris, a leading
small business and entrepreneurship blogger reported that there were
more than 27 million small businesses in the U.S. He also reported that
between 60 and 80 percent of all new jobs, depending on the industry
sector, would be created by small and medium sized businesses that will
hopefully startup operation after the recession is over. Well, it is
after the recession and the country is looking for those new businesses.
What worries researchers and small business advocates is that the
nation’s confidence in starting a business is actually slipping to lows
not seen in years, according to the National Federation of Independent
Businesses. Many blame the housing crash as home equity is a major
source of funding for new businesses. Bank lending for new business is
at an all-time low and venture capital sources are becoming more and
more selective.
It is entrepreneurship and risk taking as said by economist Joseph
Schumpeter, "which creates the new and vibrant economy out of the ashes
of the cold stagnant one.” Our nation has lots of ashes.
All successful companies began with an idea. For those who have ideas
and are interested in starting a new business the possibilities are
endless and might even be able to help sweep up some of the ashes. Read more about the growing and prosperous 2012
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