Today we have about 25 million unemployed, increasing to about 75 million including dependents, many more 'underemployed', and a stagnating U.S. economy.
(prHWY.com) November 28, 2012 - Mumbai, India -- To create new jobs and grow our economy, we are told that we need to provide major corporations with new financial incentives; eliminate regulatory agencies that create roadblocks to growth; and reshuffle tax rates to serve vested interests.
Get past the rhetoric from all sides and look at the numbers, always a good approach. And what the numbers suggest is focusing on
entrepreneurship and emerging business provides exciting job creation and economic growth opportunities.
Most new jobs are created by
entrepreneurial companies that have less than 500 employees- that is a historical fact. SBA statistics show that during the past 15 years, firms with less than 500 employees accounted for 64 percent of net new hires in the U.S. and pay 44 percent of the U.S. private payroll. Exact percentages may vary slightly year to year but these are the facts.
Smaller,
entrepreneurial firms provide the rocket fuel driving our technology innovation engine. SBA statistics show small firms produce 13 times more patents per employee than large patenting firms; and these patents are twice as likely as large firm patents to be among the one percent most cited.
Major corporations do account for the bulk of U.S. exports, representing 71.1 percent of total exports in 2006. But of the total number of firms exporting goods and services, 97.3 percent of the total were entrepreneurial firms with less than 500 employees. And in 2006, the entrepreneurial firms with less than 500 employees accounted for 28.9 percent of the total $910.5 billion in U.S. exports.
Lean more on
entrepreneurship and Case Study on entrepreneurship Visit:
Casestudy.co.in
###