Beware Entrepreneurial Slow-Growth Duds

A study for the SBA confirms something that experts on Blue MauMau have been saying: Older and larger established franchise chains offer the best and safest growth.

Overall Findings: High-impact firms are relatively old, rare and contribute to the majority of overall economic growth. On average, they are 25 years old, they represent between 2 and 3 percent of all firms, and they account for almost all of the private sector employment and revenue growth in the economy.

Highlights: The data suggest that local economic development officials would benefit from recognizing the value of cultivating high-growth firms versus trying
to increase entrepreneurship overall or trying to attract relocating companies when utilizing their resources.

Read study: High-Impact Firms, Gazelles Revisited (pdf, 92 pgs) by Zoltan J. Acs, William Parsons and Spencer Tracy