New Jobs Come from New Companies

David Cummings on Startups

Several months ago I first heard the following statement and it’s really stuck with me:

The majority of new jobs created over the next 10 years will come from companies that aren’t in existence today.

Think about that for a minute. As a country, we have a real unemployment problem on our hands, one which many people believe is more structural than temporary. Yes, existing businesses will create some new jobs but it’s critical for entrepreneurs to step up and build great companies. Our country depends on it.

The next time you think about entrepreneurship, think about job creation and how important it is for our future.

What else? What are your thoughts on the statement that most new job creation over the next 10 years will come from companies that aren’t in existence today?

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