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The Herman Trend Alert
February 4, 2014 New Business Start-Ups Growing, Except in US Now number 12 among developed nations for new business startups, the United States has fallen behind a number of other countries, including Hungary, Denmark, Finland, New Zealand, Sweden, Israel, and even financially troubled Italy. One of the most successful crowdfunding sites, OurCrowd.com, is only in the business of funding Israeli start-ups. Though many countries of the world encourage entrepreneurship, entrepreneurs built the US. That's why we were surprised to learn in a recent Gallup report that "for the first time in 35 years, [US] business deaths now outnumber business births". The US Census Bureau reported that for the first time ever though 400,000 new businesses were founded last year, 470,000 were closed. According to Jim Clifton, CEO of Gallup Polls, in the US "the root of the problem comes down to three issues: 1) difficulty of accessing capital (loans); 2) excessive and burdensome government regulations; and 3) an overall malaise about our economic future".
Entrepreneurship in Brazil and Mexico Fuels Start-Ups In 2014, Mexico City was named one of the "world's best start-up hubs" by Virgin Entrepreneur magazine. Mexico is a very sociable country and that sociability extends into business dealings. Moreover, the Mexican people are very friendly and build relationships easily. In this country, money enables everything. Generally, salaries are low, so entrepreneurs can afford to employ good people to do whatever they need. Finally, a young vibrant economy offers many business opportunities.
Colleges and Universities Support Entrepreneurship
What's Next for Business StartUps? Special thanks to Ted Daywalt for coverage of the US aspect of this important topic in the VetJobs Early Eagle.
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