Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Feeling Hopeful, More Becoming Entrepreneurs (Bizarro World Alert)
Yahoo Finance ^ | 11/29/12 | unknown

Posted on 11/29/2012 1:11:18 PM PST by crosshairs

In a sign that more Americans are feeling upbeat about their economic prospects, more people were running or starting new businesses in 2011 - the highest level since 2005, according to a study released Thursday.

More than 29 million Americans were engaged in entrepreneurship last year - a 60 percent gain from 2010, according to a report issued by Babson College and Baruch College. And nearly 40 percent of these entrepreneurs are expected to create more than five new jobs during the next five years. "There is renewed interest in entrepreneurship," said Donna J. Kelley, associate professor of Entrepreneurship at Babson College.

(Read more: A Pitch Fest for Entrepreneurs) Additionally, more Americans took the leap into entrepreneurship based on their perception of promising opportunities ahead, a group sometimes called opportunity entrepreneurs. In contrast during the depths of the recession, more people had started businesses because they couldn't find jobs and had no other option. This trend is referred to as necessity entrepreneurship. The rate of necessity entrepreneurship dropped to 21 percent of all entrepreneurs in 2011 from 28 percent in 2010. In 2011, "not only did we see more entrepreneurship, it was being pulled up more by opportunity entrepreneurs," said Kelley, the lead author of the 2011 Global Entrepreneurship Monitor (GEM) U.S. Report. (More From CNBC: Two Tickets Share Record $588 Million US Powerball Win) The rise in overall entrepreneurship matched the gain recorded in 2005, when the economy and businesses were booming, according to the report. Many of the new businesses in 2011 were direct-to-consumer ventures including small business such as retail shops, restaurants, hair stylists and tax preparation.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Miscellaneous
KEYWORDS: fools; propaganda
Another WTF moment.
1 posted on 11/29/2012 1:11:26 PM PST by crosshairs
[ Post Reply | Private Reply | View Replies]

To: crosshairs

why is this surprising?


2 posted on 11/29/2012 1:13:35 PM PST by ksen
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs
There's a good reason no one wants to put their name to pieces of crude propaganda like this.

No one but Yahoo!

Which tells you all you need to know about that company.

3 posted on 11/29/2012 1:14:07 PM PST by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

Comments below the article are entertaining.


4 posted on 11/29/2012 1:15:24 PM PST by crosshairs (Hurricane Barry is 1000 times more destructive than Hurricane Sandy.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

Unable to get a job, more Americans are selling their labor or their wares any way they can.


5 posted on 11/29/2012 1:15:49 PM PST by 9YearLurker
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs
In a sign that more Americans are feeling upbeat about their economic prospects, more people were running or starting new businesses in 2011

Total BS. If more businesses have been started it is largely because there are no jobs to be had and people are desperately trying to scratch out a living any way possible. Not because anyone is feeling "upbeat".

6 posted on 11/29/2012 1:16:39 PM PST by The Sons of Liberty ( Fast and Furious , Benghazi - What's 0bama's current body count?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

Propagandists have done a stellar job of convincing people everything is just peachy. I have to say, I’m impressed, not with the underlying intent, but certainly the ability to pull off one of the most truly amazing feats of deception in history.

Goebbels would be SOOOOO proud!


7 posted on 11/29/2012 1:16:49 PM PST by ScottinVA (I've never been more disgusted with American voters.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

Does this include stealing and the manufacture and sale of illegal substances???


8 posted on 11/29/2012 1:17:57 PM PST by Aria ( 2008 & 2012 weren't elections - both were a coup d'etat.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Aria
Does this include stealing and the manufacture and sale of illegal substances???

..or the massive expansion of "The World's Oldest Profession?"

9 posted on 11/29/2012 1:19:28 PM PST by ScottinVA (I've never been more disgusted with American voters.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: 9YearLurker

“Unable to get a job, more Americans are selling their labor or their wares any way they can.”

Precisely. The black market economy was the only one that flourished (relatively speaking) in the USSR.


10 posted on 11/29/2012 1:20:46 PM PST by pieceofthepuzzle
[ Post Reply | Private Reply | To 5 | View Replies]

To: crosshairs

As Titanic sinks, many hope to upgrade their cabins to first class.........


11 posted on 11/29/2012 1:21:37 PM PST by Tzimisce (What do you do when every every branch of the government is corrupt and aligned against you?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

Actually, the main determinant of people starting business is loss of a job and the inability to get a comparable status job. What this says is that a lot of people have been out of work for a long time.


12 posted on 11/29/2012 1:21:46 PM PST by ModelBreaker
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

A bunch of Julias getting their startup capital for gay wedding consulting businesses from Baracka Claus?


13 posted on 11/29/2012 1:21:57 PM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

Some amazing business opportunities exist: Standing in the median with a crude cardboard sign; Raiding the recycle toters on garbage day looking for cans and bottles; Washing car windows in busy intersections. I met a guy who cleans up dog poo at people’s houses for ten dollars a week.


14 posted on 11/29/2012 1:26:15 PM PST by webheart (King of the Run-On Sentence)
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

Welfare scammer = new entrepreneur.


15 posted on 11/29/2012 1:27:09 PM PST by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot)
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs
The media has discovered that they can alter the public perception of reality by publishing bogus stories like this. After all, it got Obama reelected. They posted a few good economic stories right before the election and “poof!” 50% of the country thought the economy was good on election day. So why not go all the way? The economy is just not only good, it's ROARING! Pay no attention to the lines at the unemployment office and all the people out of work in your hometown, it's just a fluke, the rest of the country is partying like happy days are here again! And sadly enough many people will believe the MSM over there own lying eyes..
16 posted on 11/29/2012 1:28:59 PM PST by apillar
[ Post Reply | Private Reply | To 1 | View Replies]

To: The Sons of Liberty
If more businesses have been started it is largely because there are no jobs to be had and people are desperately trying to scratch out a living any way possible. Not because anyone is feeling "upbeat".

That's specifically addressed in the report and no, that's not the kind of entrepreneurship that is happening right now.

17 posted on 11/29/2012 1:29:40 PM PST by ksen
[ Post Reply | Private Reply | To 6 | View Replies]

To: webheart

The home pharmaceutical manufacturing business is big, as is abatement of unwanted plumbing, electrical wiring, and guard rails etc. I see these “entrepreneurs” bi-monthly in the local rag mugshot page.


18 posted on 11/29/2012 1:30:29 PM PST by SpaceBar
[ Post Reply | Private Reply | To 14 | View Replies]

To: crosshairs

When you run out of 99 weeks of unemployment, entrepreneurship suddenly looks like a straw to grasp.


19 posted on 11/29/2012 1:30:46 PM PST by Uncle Miltie (Working is for suckers.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: webheart
Washing car windows in busy intersections. I met a guy who cleans up dog poo at people’s houses for ten dollars a week.

Not to mention the scammers who (at least here in SE VA) place crude signs every-friggin'-where that say, "We Buy Used Cars."

20 posted on 11/29/2012 1:31:26 PM PST by ScottinVA (I've never been more disgusted with American voters.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: crosshairs

This development is going to piss Obama and the rest of the democrats off to no end. Independence of spirit and free enterprise aren’t what the dark side has in mind.


21 posted on 11/29/2012 1:37:43 PM PST by ScottinVA (I've never been more disgusted with American voters.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

http://www.youtube.com/watch?v=u2LwnmbdiTg&feature=em-share_video_user


22 posted on 11/29/2012 1:44:48 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: skeeter

Well if there was any plausibility to it, you’d think eBay would show great interest too. (Maybe they do for all I know.) It’s an inevitable consequence of big businesses losing due to progressive policies that target them. The economy tries to come back through small businesses.


23 posted on 11/29/2012 1:47:12 PM PST by HiTech RedNeck (How long before all this "fairness" kills everybody, even the poor it was supposed to help???)
[ Post Reply | Private Reply | To 3 | View Replies]

To: ScottinVA

That’s per house on his poo rounds, of course. Get a neighborhood of that and you can make some pin money.


24 posted on 11/29/2012 1:48:46 PM PST by HiTech RedNeck (How long before all this "fairness" kills everybody, even the poor it was supposed to help???)
[ Post Reply | Private Reply | To 20 | View Replies]

To: ModelBreaker

I know this to be a fact. Lost my job, then started my own business.

Meanwhile, on the sidewalk in front of my business, lie two Occupy dorks who are left out in the streets after being kicked out of the local parks with their tents confiscated. College educated and too proud to get a menial job, yet not so proud as to beg on the sidewalk.


25 posted on 11/29/2012 1:54:22 PM PST by Smedley (It's a sad day for American capitalism when a man can't fly a midget on a kite over Central Park)
[ Post Reply | Private Reply | To 12 | View Replies]

To: crosshairs

New interest?

Uh...no they are trying some are trying to survive and some have indeed learned to depend on themselves...


26 posted on 11/29/2012 1:56:10 PM PST by EBH (0bama is guilty of willful neglect of duty.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ModelBreaker
Actually, the main determinant of people starting business is loss of a job and the inability to get a comparable status job.

I started my business fifteen years ago, for precisely that reason. After surviving the first horrifying twelve months, we were off to the races and never looked back.

Since the Dims took control of Congress in 2006, it's been tough as hell to make a living, but I wouldn't go back to being someone's employee for love or money if I could (which I can't).

27 posted on 11/29/2012 1:59:26 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Windflier

Yep - 16 years ago for me. “What do you call a guy that’s just been laid off? A consultant!” (Funny - the day they let me go I knew it was the best thing for me.)


28 posted on 11/29/2012 2:02:27 PM PST by 21twelve (So I [God] gave them over to their stubborn hearts to follow their own devices. Psalm 81:12)
[ Post Reply | Private Reply | To 27 | View Replies]

To: The Sons of Liberty

I think you hit it right on the head!


29 posted on 11/29/2012 2:47:57 PM PST by RetiredTexasVet (The law of unintended consequences is an unforgiving and vindictive b!tch!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: 21twelve
“What do you call a guy that’s just been laid off? A consultant!” (Funny - the day they let me go I knew it was the best thing for me.)

I wish I'd been so confident on the day I made that decision. My wife and I had just paid the first payment on our first house, and had a baby due in two months. And we already had a toddler who hadn't had his first birthday yet.

Talk about scared.

The only thing that took the edge off for me, was the fact that I'd temporarily gone to work for a buddy who was up to his eyeballs in work. He'd asked my wife and I to run his one man shop for a few weeks while he was out of town. He didn't get back for six weeks. By that time, we'd learned the ropes of his business well enough to strike out on our own.

Just barely, though. We really only knew enough to be dangerous, but we persevered, and made it anyway.

With no help from Big Brother, I might add. That first year we went to the SBA to get a 'micro loan' and they turned us down cold. Don't tell me I "didn't build that". I most certainly did.

30 posted on 11/29/2012 2:55:46 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: crosshairs
I'm working on a new Profession, I'm an Aluminum Can collecting Entrepreneur.

The Seasonal Job, driving the Mentally Ill to the Polls for the Democrat Party ended on November 7th.

31 posted on 11/29/2012 3:08:22 PM PST by Kickass Conservative (Looks like my Father was wrong, somebody else DOES owe you a living...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: crosshairs

Translation: After endless months spent searching for jobs, some people create their own.


32 posted on 11/29/2012 3:12:58 PM PST by Ellendra (http://www.ustrendy.com/ellendra-nauriel/portfolio/18423/concealed-couture/)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson