Entrepreneurship continues to grow

Apr 10, 2007

According to CNNMoney.com, "Everyone wants to start a small business." A record number of Americans started new companies in 2006, and figures from the Small Business Administration show that "the total number of firms with no employees grew by 26% from 1997 to 2004, to 19 million." Many workers are easing the transition to sole proprietorship by keeping another job while they get started: the article says that just over half of those new firms belonged to people with another primary source of income.  It also notes that the small-scale, localized economic growth from entrepreneurs in helping America to stay competitive despite globalization. As an independent worker, have you maintained another source of income while starting your freelance career?  And what role do you think entrepreneurs are going to play in an increasingly globalized economy?