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**Researchers at the University of Pennsylvania have discovered that start-ups and small businesses account for approximately 60% of net employment activity in the United States. **According to a [http://www.gallup.com/businessjournal/181592/potential-entrepreneurs-aren-taking-plunge.aspx| Gallup poll] conducted in February 2015, one of the biggest hurdles these companies and new entrepreneurs face, is identifying and accessing the capital to finance their ventures. **Following the financial crisis of 2008, it's no surprise that the top funding source for new business remains the personal savings accounts of founders.[http://www.entrepreneur.com/article/230011]
Student Debt & Small Business Growth (view source)
Revision as of 13:40, 21 March 2016
, 13:40, 21 March 2016→About
<onlyinclude>'''Rising [[:Student Debt|student debt]][http://blogs.wsj.com/economics/2015/05/08/congratulations-class-of-2015-youre-the-most-indebted-ever-for-now/] may be stifling [[:Small Business|small business]] growth'''[http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2417676].
Personal debt therefore, becomes an integral component of the financing equation in starting a small business. The strong negative correlation found in the Pennsylvania study cites student debt as a possible contributor to declining small business growth[http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2015/05/kauffman_index_startup_activity_national_trends_2015.pdf].</onlyinclude>
