Small business still powering (://URLFAN)

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Small business still powering

Post Date: Apr 27, 2008 1:28 p.m.
Ranked website: bloggingstocks.com (Ranks #1269 of 3,783,534)

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Filed under: Small business No doubt, small businesses are a powerful force in the U.S. economy in terms of job creation and innovation. And, according to a recent study from the Kauffman Foundation , it looks like things are still going strong, despite the slowing economy . For example, every month, about 500,000 new businesses are started (of course, there are certainly a good number that fail as well). So, what are some of the key trends? Well, interestingly enough, there is quite a bit of growth from immigrants. In fact, they are more likely to start businesses than native-born Americans. Something else: men are twice as likely to start a business then women. Actually, I think this is unfortunate because diversity certainly allows for stronger growth. However, looking at the next decade or so, I suspect we’ll see much more entrepreneurial activity. Why? It’s when the Baby Boomers will reach their prime years for new business formation. They will ...

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