I’m scared to death about the state of the American economy.
For the first time since the measurement of U.S. business birth and death rates began, business closures are outpacing new business startups. Up until 2008, business startups outpaced business failures by about 100,000 per year. But, in the past six years, that number has reversed; we now have 70,000 more businesses dying than being born. Scary indeed, but I’m convinced we can reverse this course.
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