I just read an article called The Year of the Solo Entrepreneur. It had some very interesting stats about how many more people in the US started new businesses this year compared to 2007, and how many of those new businesses have zero employees which keeps unemployment up. It also discussed that more immigrants than natives started businesses.
I found the article intriguing and wondered how to apply the information to me as an entrepreneur and consumer, as well. And then I got to the end. I quote, "important to note the limitations of the data. It comes from the U.S. Census Bureau’sCurrent Population Survey, which measures labor force characteristics, such as unemployment, earnings, new business creation, etc. It’s the same data that the government uses, but it comes from only 50,000 American households. That perfectly round figure of 565,000 newly created businesses is an extrapolation, and like other census data, it’s self-reported. So when census-takers go to people’s homes, they count anyone who did not previously report having a business but claims to have started one."
Honestly, why write the article in the first place? Of what use is the data if we can easily discount most, if not all, because of the source.
Why am I writing this post? As a warning to us all to know the source of everything we read and hear before we jump to any conclusions.
Here's the link if you care to read it firsthand: The Year of the Solo Entrepreneur by Elise Craig.
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