“Small business creates jobs” or so the saying goes. The corollary to this statement is that it is big business’ mandate to shed jobs as it attempts to do “more for less”. Both statements are true … well kinda.
Both statements are only kinda true as they don’t tell 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.
Read the full article