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What’s your take on data that shows more businesses are closing than opening in the U.S.?

All the data prove there's a tremendously high correlation between entrepreneurial activity and job creation.

3 Replies

Andrea Raimondi
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Andrea Raimondi Entrepreneur
Computer Software Consultant and Contractor
Now, sorry for my French, but statistics are a b*tch.

It would be interesting to see what their definitions of:
- Business
- Opening
- Closing

are because, say, if a business involves from on premises to home-bound, is it really CLOSING or is it looking for another avenue to profitability?
Tom DiClemente
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Tom DiClemente Advisor
Management Consulting | Interim CEO/COO | Coach
Please cite your data sources.
Gabe Micchelli
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Gabe Micchelli Advisor
Business Development and Marketing Professional - Medical Devices
I've read that too in WSJ and other places, and have seen a lack of investment from small but established businesses. There's lots of reasons but generally I think the downside is viewed with more relevance than is the upside of business starts and further investment. I have much to say on this subject, but briefly, I sense a shortage of "animal spirits". Entrepreneurs are a fragile yet resilient breed. They respond to positive and negative incentives and growing and shrinking markets. The incentives right now generally are not in their favor. Every category, market and individual is different but past lead-ups to economic booms started with a growing sense of invincibility and an upbeat confidence that there was money to be made and empires to build. The last 8 years or so has seen that feeling diminish. There are growth areas for sure, but previous booms were powered by exuberance at the upside potential. If and when the mist clears, and with a little getting out of the way by government regulators, we could be teeing up a new golden age of new business starts. Or, we can be staring down the barrel of the next recession. Just don't know yet.
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