By Gabie Boko, Executive Vice President of Marketing at Sage North America
Is there a downside to job market recovery? If you’re an aspiring entrepreneur, there may be.
A recent Kauffman study showed that entrepreneurship suffers when the job market is in recovery mode. In 2013, 476,000 new businesses were created each month, down 7 percent from 2012 when 514,000 new businesses were created monthly; highlighting that people who might have started their own business became employees instead.
As an advisor to small business owners, here are some of the biggest personal and business issues I see entrepreneurs face when getting started, and some thoughts on how burgeoning business owners can move past these challenges: