researchpaperecon

researchpaperecon - Harsh Patel Rough draft Arguably, Start...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Harsh Patel Rough draft Arguably, Start ups are among the leading drivers of job creation in many economies such as the United States. This is based on the annual net job creation and the central role in the business world. The main focus of many economies is to create employment to enhance economic growth. Job creation seems to be the only solution to tackle the ever increasing unemployment rates in many economics (David and Alan 238) Start Ups come in handy, given that they are among the leading organs of job creation. According to a research carried out by the EW Kauffman Foundation in the US. Approximately two-thirds of new jobs created were attributed to start ups (Harris 3). As a matter of fact, new companies generally create new jobs within the business circle. Since inception, a business entity usually begins by employing new individuals and as time goes by, the job creation spirit evaporates over the entire business period. Eventually, the firm ages as it nears to exit the market. During the last times, job creation slightly reduces as evidenced from destroying jobs. Statistics from the study by Kuaffman Foundation shows that job creation by new firms is very high from year one to year five. However, the scenario begins to change after this period because business objectives take the center role (Higginbotham). On the other hand, new business establishments are known to be very volatile given that majority of them do not see the achievement of their intended objectives. Majority of them hardly reach the fifth year. Ironically, this is contrary to the factor of Start Ups playing a center
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

researchpaperecon - Harsh Patel Rough draft Arguably, Start...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online