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National Gay & Lesbian Chamber of Commerce - Online Resource for LGBT Business

Management




Economic Recovery Bolstered so far by Solo Entrepreneurs not High-Impact Companies

Small businesses starting out of necessity are on the rise in recent years compared to those that are launched based on deliberate, strategic planning and a new idea, a new survey suggests.

A survey from the Global Entrepreneurship Monitor (GEM), a not-for-profit academic research consortium that focuses on entrepreneurial activity around the world, shows that necessity entrepreneurship—businesses started by people who have lost their jobs and are unable to find employment—increased from 2005 to 2009, while the rate of nascent entrepreneurship—individuals deliberately planning to launch a business—has been declining.

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