This is interesting - I knew small business was the 'engine of job creation' in US, but I wasn't aware (or never thought about it?) the biggest impact was from new businesses:
‘The Looming Entrepreneurial Boom’: Kauffman Weighs In"In any given year, new and young businesses create nearly all net new jobs in the U.S. economy. Put more starkly: If you want new jobs, then you want new and young firms. Older, established companies tend, on balance, to be net destroyers of jobs."
http://www.theatlantic.com/national/archive/2016/02/entrepreneurship-and-making-across-the-country/470385/New business formation is of critical importance because of new job creation. Every new job added is a new job created.
Unfortunately, we are losing 470,000 companies a year while creating 400,000 new companies. That is a net loss of 70,000 companies per year. We used to have a net positive of 100 K.
Below is what I posted on February 16, 2016:In order to gain a better understanding why I became so passionate in writing a book for small business owners let us examine some hard facts:
According to the latest data from the U.S. Census Bureau:
There 6 million operating (active) businesses in the United States with the following employment breakdown:
3,791,000 4 or less employees
1,000,000 5 to 9 employees
600,000 19 to 19 employees
500,000 20 to 99 employees
90,000 100 to 499 employees
18,000 500 to 10,000 employees
1,000 10,000 or more employees
"America’s small businesses are the engines of job creation.
Small businesses create seven of every ten new jobs and they employ just over half of the country’s private sector workforce. (SBA Office of Advocacy)"
Source:
http://smallbusiness.house.gov/uploadedfiles/april_recess_small_biz_talking_pts.pdf“The U.S. Census Bureau reports that the total number of new business startups and business closures per year -- the birth and death rates of American companies -- have crossed for the first time since the measurement began. I am referring to employer businesses, those with one or more employees, the real engines of economic growth.
Four hundred thousand new businesses are being born annually nationwide, while 470,000 per year are dying.”
“Because we have misdiagnosed the cause and effect of economic growth, we have misdiagnosed the cause and effect of job creation. To get back on track, we need to quit pinning everything on innovation, and
we need to start focusing on the almighty entrepreneurs and business builders. And that means we have to find them,” according to Jim Clifton is Chairman and CEO of Gallup. He is the author of The Coming Jobs Wa rand coauthor of Entrepreneurial StrengthsFinder
Source:
http://www.gallup.com/businessjournal/180431/american-entrepreneurship-dead-alive.aspxImprove Your Odds
The Four Pillars Of Business SuccessBy Alan Yong
"
As we continue to strive for a better life, at times in frustration and a feeling of helplessness, let us agree on one simple truth: where you are right now is of less consequence than where you are going from here. There is little that can be done to regain missed opportunities or retroactively correct the mistakes made in the past.
However, with an awareness of our shortcomings, willingness and commitment to change, we can learn from history and our past mistakes. We can also gain deep knowledge and wisdom from others, who have gone down the same path and beyond. This book honors those who have already achieved everything that they desire in life and in business, but specifically written for those whose aspirations remain just beyond their grasp.
We do not believe that long term business success is an accident or the result of good fortune. Those who have achieved great success, you and your employees must have done many things right and we deeply respect you for your accomplishment.
However, for those who have yet to achieve their objectives, including anyone whose business still has room for dramatic improvements, this book should prove thoughtful, insightful, and helpful. This is a book written specifically for startups, small business owners and their management teams (companies ranging in size from new startups to 500 employees), and can provide them with the help and guidance they need to gain the success for which they strive. If that sounds like you - if you’re passionate about what you are doing and desire nothing more than to obtain the type of business mastery that will help you be the true architect of your company’s success, then read on.
I trust that this book will also be helpful and inspirational to many employees since they are one of the key pillars of business success. Additionally, I have made a persuasive case to replace the much disliked traditional employee performance review with “Mutual Goals Review” that is significantly more rewarding and collaborative in promoting employees career advancement with a unified purpose well aligned in the fulfillment of the company’s goals, missions, and ultimate vision.”
)? We seem to have a better knack at building the knowledge bridge between the present world of fiat and the future world of cryptocurrency. 