The words entrepreneur and startup have had a great run of late. A study of Census Bureau data analyzed by scholars at the Ewing Marion Kauffman Foundation has demonstrated that virtually all net new job creation over the past three decades has come from true startups – new businesses less than one year old. New businesses, according to the research, create an average of three million new jobs annually, while existing businesses of any age, type or size, in aggregate, shed a net average of about one million jobs each year, as some businesses fail and as others incorporate technology and become more efficient. Read the full story on the Huffington Post’s website.
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