Entrepreneurship is Transforming America

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April 9, 2007 by James
Filed under: Classical Marketing, Rants and Raves 

Did you know that according to the November 16, 2006 issue of Newsweek roughly 45 million Americans (that’s 30 percent of the labor force) run their own business? Just listen to this:

“Today roughly 45 million Americans, about 30 percent of the labor force, run their own business. Sometime during their careers, well over half of university graduates will start a business. Most Americans today work in firms that have entrepreneurial teams in charge. And most U.S. job growth and new technology comes from entrepreneurial companies… America is unique in the world, a nation rebuilding itself on the principle of entrepreneurial capitalism.”

Source: Newsweek 16 Nov 2006

The article went on to say that entrepreneurship is “America’s unmatched advantage” and an “indispensable component” of growth and prosperity. I recently read a similar statistic for Canada - although the numbers were smaller. About 16% are self employed and as many again are either part-time or will become self employed in the near future.

What an opportunity!

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