7 Ways to Help Entrepreneurs Help the Economy

Townhall.com Staff
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Posted: Jun 16, 2011 11:54 AM
7 Ways to Help Entrepreneurs Help the Economy
The most important challenge for entrepreneurs isn't starting a company, but growing it from three employees to 30 ... to 300, to 3,000. Small businesses, which account for 99.7 percent of firms and 64 percent of job creation, aren't hiring quickly enough to significantly lower the unemployment rate.

Let's start by thinking about the smallest firms. The companies of one. Self-employment is the new employment these days. Accounting for one-third of the workforce, the self-employed population is 40 million and growing. By the end of this decade, the Bureau of Labor Statistics predicts that 40 percent of the U.S. labor force will be self employed.