Given the sluggish economy, dwindling levels of entrepreneurship, and the fact that business dynamism has been nosediving in recent years, it’s not too much of a stretch to say that American business as we know it is in peril. Well, for the small guys, anyway.
The economy is in a very sluggish state. Entrepreneurs are having a hard time gaining traction, businesses are leaving the market at a much faster rate than they are entering, and stable, well-paying jobs are still too few and far between. In all, it’s a rough situation for American businesses, and it’s especially rough for small businesses in particular.