Few Businesses Sprout, with Even Fewer Jobs

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Few Businesses Sprout, with Even Fewer Jobs

Category : Articles

Running head: FEW BUSINESSES SPROUT

Few Businesses Sprout, With Even Fewer Jobs

Few Businesses Sprout, With Even Fewer Jobs
The article that I chose to read and research was called Few Businesses Sprout, With Even Fewer Jobs written by Justin Lahart. The article discusses how there are a few small businesses that have recently popped up into the business world, which for our economy could be good, if only the new businesses offered more jobs, which would be ideal for job growths and innovation. As we have all heard about in the news, etc. we know that our country is in an economic downfall, and with majority of the companies having to fire the majority of their employees the only way to move on from this situation would be to provide more jobs for the people who are currently unemployed. A statement that was in the article that I read which would prove that our economy is trying to make more jobs readily available is that ???in the early months of the economic recovery, start-ups of job-creating companies have failed to keep pace with closings, and even those concerns that do get launched are hiring less than in the past. The number of companies with at least one employee fell by 100,000, or 2%, in the year that ended March 31, the Labor Department reported Thursday??? (Lahart, 2010). The question that is on everyone??™s mind is, is there a way to dig us out of this rut that we have gotten ourselves into
The article goes on to discuss how smaller businesses opening up is having an impact on the economy by roughly making 2.3 million jobs available, but the only problem is for how long Recently, I was watching the news and they had done research and surveys in regards to how smaller businesses have no chance at surviving in this economy today, so if the smaller jobs are providing a lot of jobs but not being able to stay in business what is the point of spending thousands of dollars to open a business to potentially find failure Due to the economic downfall and scarce funding, it makes it hard for researchers to do their job and try to find ways around the money issues, especially researchers who are trying to find new innovations that would be better than what we are using now, but cannot afford to make prototypes to show their interested investors. Another issue that small business owners have found is that it is hard to hire employees, when they barely have money to run their own business.
After reading the article and learning about specific people who are reaching out for economic relief to run their business, it makes you realize that there are millions of people out there trying to find ways to make money, or start a business that could be the one to take off. There needs to be more research on to what will really work, and ways to work around the downfall and achieve people??™s own company goals. The shocking thing is that there are potential companies that are struggling right now that could actually do our economy good, and they can??™t get their voices out there because of the scarce money.

Works Cited
Lahart, J. (2010, November 18). Few Businesses Sprout, With Even Fewer Jobs. Retrieved January 12, 2011, from Wall Street Journal: http://online.wsj.com/article/SB10001424052748704648604575621061892216250.htmlKEYWORDS=articles+on+research+of+the+field+of+business

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