The economic recovery -- when it occurs -- will be driven by entrepreneurs

Posted by SmallBizTools under News and Politics
From http://www.drjeffcornwall.com 1234 days ago
Made Hot by: on January 6, 2009 1:52 pm

Current Economic Policy Fails to Recognize that Main Street is Key to Recovery

The mountains of money being given to banks, automobile companies, and so forth will not get this economy moving. It will be the entrepreneurs...

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Written by mottoagency
1234 days ago

I'll further add that it will be women entrepreneurs - the millions of women that are growing million dollar businesses in 2009, creating jobs for America, rescuing the economy, and empowering other women to do the same.

There are 10.5 million women owned businesses in the United States today, yet only 3%, or 250,000, generate a million dollars or more in annual revenue. With the right support, tools, and encouragement we can all surpass a million dollars in business revenue, create jobs for our communities, and help rebuild Americaâ€™s economy.

If one million women grow their businesses to one million dollars in revenue, we will have created 4 million new jobs and $700 billion in economic activity.

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Written by ArmadaIG
1233 days ago

It's possible, but I doubt that most of those new businesses will be women-owned. One of the biggest impetuses of new business in a recession is unemployment. However, the latest stats I saw indicated that all of the increases in unemployment have been from males in male-oriented jobs. Female-oriented jobs have actually seen a decrease in unemployment. Therefore, I expect an increase in the number of male entrepreneurs compared to females during the next couple of years.

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