Wednesday, August 1, 2012

Why Fewer Americans Are Starting New Businesses

America may be going out of business when it comes to starting new businesses, according to a recent report.

The study—from the non-profit New America Foundation—argues the U.S. is seriously in danger of losing its entrepreneurial spirit because the number of small business created has been declining since the 1970s.

"Most numbers collected on entrepreneurship haven't reflected the increase in population," says Lina Khan, co-author of the report and a policy analyst for the New America Foundation.

 "We see entrepreneurship declining per person and what figures there are may have over-counted the number of small businesses," Khan says. 

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