The Decline of American Small Business: Implications for Canadian Entrepreneurs
The landscape of small business in the United States has undergone significant changes over the past few decades, with a marked decline in new business formations and overall economic dynamism. Several studies and reports, including those from the Brookings Institution, the Kauffman Foundation, the Economic Innovation Group, and the U.S. Census Bureau, have detailed these trends. For Canadian small business owners, understanding these findings can provide valuable insights and cautionary lessons to navigate similar challenges in our own economy.