The Entrepreneurial Explosion

Several forces are converging to make this an unprecedented time to start a business. And that trend is already bearing fruit. Consider the fact that the number of the nation’s smallest businesses, those which only employ their owners, increased by 2.2 million from 1997 to 2002, according to the Census Bureau.

As a result, one of every nine American adults was involved in entrepreneurial activity in 2003, the most recent year for which statistics are available from The Global Entrepreneurship Monitor.

Why are so .....