A much larger fraction of entrepreneurs expects to create jobs than actually do. This difference means that policy makers need to take entrepreneurs’ job creation plans with a grain of salt.
The Global Entrepreneurship Monitor (GEM), a consortium of university researchers around the globe who track entrepreneurial activity, “defines high-growth entrepreneurs as those who expect to have 20 or more employees (other than the owners) within the next five years.” By that definition, 17 percent of Americans founding a company expect to have a “high growth company,” as the figure below shows:
To read the full, original article click on this link: Entrepreneurs’ Job Creation: Expectations Versus Reality
