While reading an op-ed piece recently by Robert J. Samuelson (link here), I was struck by the statistic he quoted regarding new job creation. All net job creation from 1980 to 2005 was from firms that were five years old or less (Haltiwanger, Jarmin, and Miranda). That is, new businessess create new jobs.

The upshot of this is that to fuel an economic recovery, we have to create more new businesses (small or large), which will in turn create new jobs for the economy. The historical fact is that we cannot wait for big business (or big government) to create jobs — the entrepreneur will be the driving force in job creation coming out of this recession. What types of businesses are needed? Everything from restaurants to tutoring services, home health care and hospitality, salons and barbershops. If there is a need in the marketplace for the product or service, then starting a business in that field is needed. If you have a skill, trade or talent, then you can, and perhaps should, own your own business and be a part of the entrepreneurial force bring recovery to this economy.

LaunchX.com. Start Here. Go Far.