New Report: The Future Of Small Business

Overview: The article presents some real-life details about the American economy. While much of the economy continues to defy gravity, many people in business, government, and academia are trying to get a clear picture of where it is headed. More than half of the nation’s employees work in firms with 100 or fewer workers, and these firms are responsible for much of the nation’s job creation. To that end, the report’s underlying theme is that current trends and developments augur accelerating change for emerging businesses in the near future. Major demographic shifts over the next 15 years show the makeup of entrepreneurship will change dramatically, the report asserts. On the future of the American labor force, the study predicts well-known current trends: new technologies and organizational structures are fostering unprecedented levels of productivity and profitability. In addition, it predicts that new technologies (biotechnology, microelectronics, micro-electrical-mechanical systems, wide-bandwidth communications) will foster increased business opportunities for emerging companies. In regard to how firms are financed, it suggests there will be an increasing democratization of capital markets, which will allow small and emerging companies to have more options than ever in financing their businesses.

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Format: HTML | Date: Apr 2000 | Pages: 1