The activity of new entrepreneurs plunged in the first half of 2010, falling to the lowest rate in more than two decades as more workers found employment or were driven away from start-ups by a feeble economy.
Start-up activity fell to an average 3.7% in the first two quarters of this year, down from 7.6% in the first half of 2009 and 9.6% in the second half, according to a survey of about 3,000 job seekers by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. Many of those surveyed are former managers and executives.
I blame crowding out by Congress.
1 comment:
Growing a business in a bad economy can be a challenge. However, if businesses can pull through this rough times their performance will be rewarded when things are back to normal.
-executive coaching
Post a Comment