The recession's high unemployment rates may have encouraged people to start sole proprietorships, but there are many obstacles in the way of growing a company to create jobs.
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There are immense numbers of potential entrepreneurs who can start their own businesses among the people who are working in large organisations.
A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.
For those working menial jobs or putting in 100-hour weeks for corporations, the lure of starting your own business can seem like a great way to get more flexibility, upside, and ownership.
I've felt a little culpable that we entrepreneurs often invent businesses just to drive people to buy more things.
When you're running a company, creating jobs is the last thing you want to. When you're running a company you want to employ as few people as possible, and yet you inadvertently create jobs.
The need to encourage entrepreneurship and ensure that young people have the opportunity to start new businesses is acute.
I think, at the end of the day, you have to reduce friction to businesses, ideally to zero, so that more and more entrepreneurs can create more and more jobs with higher and higher disposable income.
Relatively few people should start companies.
Jobs are created by businesses, especially small and mid-sized businesses.
The biggest barrier to starting a company isn't ideas, funding or experience. It's excuses.
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