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Entrepreneurship is key to job creation

Entrepreneurship is key to job creation

If 90% of new jobs are going to come from entrepreneurs, we’d all better get behind their development.

“Small business creates jobs” or so the saying goes. The corollary to this statement is that it is big business’s mandate to shed jobs as it attempts to do “more for less”. Both statements are true. Well – kinda.

While both statements contain an element of truth, neither tells the full story. I believe the truth is something more along the lines of “entrepreneurship creates jobs”. An entrepreneurial venture needn’t be housed in a small business to create jobs – large entrepreneurial firms create jobs all the time as they create new categories and markets, and in so doing, create jobs that weren’t even conceived of in the past. Small business can create jobs, but not all small businesses do create jobs.

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