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View Full Version : More competition?


Steve
01-23-2007, 06:31 AM
Have you found more competition lately than in the past? If these statistics are true, it would seem like there are a lot more businesses being created now than ever before!

Everyone wants to start a business (http://money.cnn.com/2007/01/22/magazines/fsb/entrepreneurship.boom.fsb/index.htm?postversion=2007012306) - Once upon a time, small business was seen solely as the domain of idiosyncratic, iconoclastic outsiders, willing to forgo the security of corporate life to venture out on their own. But today entrepreneurs are America's role models.

Almost everyone wants to own a business - from college students, who are signing up for entrepreneurial courses in record numbers; to those over age 65, who are forming more companies every year; to recent immigrants, who in 2005 started 25% more companies per capita than native-born citizens did

We are in the midst of the largest entrepreneurial surge this country has ever seen. According to Small Business Administration projections, nearly 672,000 new companies with employees were created in 2005. That is the biggest business birthrate in U.S. history: 30,000 more startups than in 2004, and 12% more than at the height of dot-com hysteria in 1996.

tiedeman
01-23-2007, 08:07 AM
I have seen some more businesses here. They are not fly by nighters either. They actually look like legitmate businesses too.

The problem going on with our state right now that so many people are getting laid off due to the downsizing of the automobile industry that they are looking for other work.

Steve
01-23-2007, 08:36 AM
I bet that is one of the reasons why there are so many more new businesses across the country.

tiedeman
01-23-2007, 11:39 AM
I wouldn't doubt it.