This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/02/07/entrepreneurship-and-small-business-the-new-age-of-online-business/
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by Kim Burmester, Vice President of Sales & Marketing for ATLAS Workbase
Whenever you’d hear the word “startup” nowadays, you’d immediately think of a tech or software venture in Silicon Valley – the breeding ground of startups, both failures and successes.
And if you’ve ever thought about investing or building your own small business, you’re probably well informed about the current state of entrepreneurship in the US.
The Landscape of Entrepreneurship.
To put things into perspective, the US is known around the world for its entrepreneurial culture, and being the place where the system provides new chances even if your idea fails. It’s also an environment that rewards hard work and persistence.
But after the 2008 collapse, and until around 2015, the small & medium enterprise sectors were struggling to get back on their feet. The stats are now looking better, and even venture capitalists are more prepared to take risks.
In 2017, venture capital made a total of $148 billion in startup investments, with 40 VC-backed companies achieving valuations of $1 billion or more, qualifying for the unicorn club. Here’s a good cheat sheet on how startup valuation works.
Competition Forces Evolution.
The competitive landscape has changed significantly over the years, and companies are adjusting their business models accordingly.
It’s worth pointing out that there are huge disparities within the US (state by state) in terms of the rate of new business creation. All over the States, there are environments where people are reluctant to start new businesses, and not without reason.
The sad fact is that the bounce-back from the 2008 collapse is slow and that means a sluggish post-recession economy with lower… Read More
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