The Power of the Entrepreneur

0 Flares Twitter 0 Facebook 0 LinkedIn 0 Email -- Google+ 0 Filament.io 0 Flares ×

Entrepreneur

Entrepreneurial start-up companies make up a surprising percentage of the employers in the U.S., according to a new report from the U.S. Census Bureau.

Census, in its inaugural Annual Survey of Entrepreneurs, finds that nearly 1 in 10 businesses with paid employees have been in business for less than two years.

This points to the vital role entrepreneurs play in the growth of the U.S. economy – and its ability to generate new jobs.

While 10% of businesses may not seem like much, consider that these businesses – and the jobs they represent – did not even exist two years ago. They are additive to the economy.

In contrast to these start-ups, there were 167,917, or 3.1 percent, that had been in business for 16 years or more. More than 4 in 10 employer firms (2.4 million, or 44.1 percent) have been in business between 11 and 15 years.

The start-ups of today become the large-scale employers of tomorrow, so it’s vital that this country continues to be a welcome environment for starting new businesses.

0 Flares Twitter 0 Facebook 0 LinkedIn 0 Email -- Google+ 0 Filament.io 0 Flares ×

Leave a Reply

Your email address will not be published. Required fields are marked *