Top of Mind's 5 Must-Read Articles in Entrepreneurship
Being an entrepreneur can be quite an adventure. It comes with a host of ups and downs and surely, this risk (and reward)-filled path is not for everyone. But for most who have built their entrepreneurial dream, they would never trade it for a job--not for a million bucks.
Knowing this as I do, from personal experience, it was curious to read a partisan spin on declining trends in startups on Entrepreneur.com: Why Americans Don't Want to Start New Businesses.
The article stated, "for the first time in recent memory, the number of businesses failing is outpacing the number of businesses being created, according to data from the Brookings Institution." While Brookings doesn't site the reasons for the decline, the author of the article wanted to regurgitate republican talking points of: rise in regulation, current tax policies and that entrepreneurs are not necessarily heroes right now – none of which is being stipulated in the Brookings report.
Conjecture like this obfuscates the important task of answering the question of why aren’t more Americans starting new businesses. For that matter, limiting the topic to ‘Americans’ conflates the discussion as well. Research long reported by Kauffman and others makes the clear case for immigrant entrepreneurship. Immigrants are outpacing native-born Americans in nearly every entrepreneurial category. Curiously, they are doing so within the same regulatory and tax environment.
I'm wondering what our E.org readers think. Do Americans simply not want to start new businesses right now? Share your thoughts with the #TopOfMind.
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Why Americans Don't Want to Start New Businesses
The number of businesses failing is currently outpacing the number of businesses that are being created (according to the Brookings Institution). The number of businesses failing is not necessarily a bad sign. However, it is a bad sign that the number of businesses being created is down.
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