There was a great story on NPR that illustrates (or audiates?) the common fallacy that small businesses create jobs. Small businesses may eventually create jobs, but not all small businesses are able or willing to grow beyond their current size. Many are single person enterprises or small businesses that due to economic reasons face challenges to scaling (think of restaurants or craft shops). Some though, like the one featured in the story, can grow exponentially and want too.
The true challenge, which this story doesn't dwell on, is how to identify the business that will stay small versus the ones that will grow rapidly. Take a listen to the story below:
http://www.npr.org/2013/10/10/227788692/when-it-comes-to-jobs-not-all-small-businesses-make-it-big
0 comments:
Post a Comment