Watching this video, I can see someone getting the impression that I think you /should/ start a business. That's not true, I think you should be able to if you want to, but there are lots of good reasons to not want to, and very much support people who are more interested in working for other people, especially if you work for me! PLEASE DON'T LEAVE ME!
But small business is extremely important, it helps even out inequality, ties communities together, and employs over half of working Americans. Small businesses hire faster than large ones, and employ more people per dollar they make.
Alas, there are lots of structural efficiencies to being big, and lots of ways big companies build their "moats." And just by virtue of the way capitalism works, it is sometimes easier to go from 400 to 800 employees than from 1 to 2.
Here's a selection of the articles I read and resources I used while making this video:
The Global Entrepreneurship Monitor is a great primary source for this stuff
What is driving the dramatic slowdown in IPOs
The Myth of the Millennial Entrepreneur
Millennials are obsessed with side hustles because theyâre all weâve got
American Entrepreneurship Is Actually Vanishing. Here's Why
The Psychological Price of Entrepreneurship
American Entrepreneurship: Dead or Alive?
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