A recent study from the Kauffman foundation reveals that small business formation rates remain steady even in times of economic downturn, but this study says nothing about the success rates of small businesses in trying times.
The extent to which the economic climate influences business formation rates is quickly becoming a hotly debated issue in the startup world.
Incorporating a small business may seem like a necessary step that entrepreneurs want to get done fast, but this process should not be taken lightly. A recent case study explored in Entrepreneur magazine demonstrates the value of smart business formation. One entrepreneur – Marie – recently contacted Entrepreneur magazine’s affiliated lawyer, Nina Kaufman, to close […]
Entrepreneurs who are considering business formation are probably well aware of the existence of big companies that could be their competitors or potential acquirers – often called incumbents. But these major corporations don’t have to stop new businesses before they start.
Recent data from the Kauffman Foundation says that business formation rates are independent of the economic climate, but the economic climate still determines the success rate of applications for startup loans.