About Scott Shane
Authored 16 articles.
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Self Employment Continues to Decline, Despite the Recovery
Features, May 07, 2014
The recently released Kauffman Index of Entrepreneurial Activity (KIEA) shows that pace of entry into self-employment declined last year. The media has put a positive slant on the news. Because many people go into business for themselves out of necessity when the economy is doing poorly and they have few employment alternatives, this decline is okay, the reporters say. It means that the jobs market is doing better.
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Why the IRS and BLS Disagree on Self-Employment Trends
Features, April 02, 2014
Are more or fewer Americans engaged in self-employment than a decade ago? While you might think that this is a simple factual question, its answer depends on which federal government agency’s numbers you look at.
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Is America in the Midst of a High Tech Entrepreneurship Boom?
Features, March 28, 2014
If you read the business press, you probably think the answer is yes. The popular media is full of stories about start-ups like Facebook, Groupon, Instagram, Linkedin, Snapchat, Twitter, WhatsApp, Yelp, and Zinga. American entrepreneurs are starting high tech companies at a feverish pace, the media experts say.
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Fewer Students Plan to Become Business Owners
Features, March 17, 2014
College students are more concerned with making money now than they were before the start of the Great Recession, research by the Cooperative Institutional Research Program (CIRP) at UCLA, reveals. Maybe that’s self-evident. But here’s a more surprising finding: The fraction of students intending to become business owners has also declined since 2007.
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Fewer Small Businesses Paying Late in 2013
Features, February 03, 2014
Small businesses were prompter at paying their loans and bills in 2013 than in 2012, data from several sources reveals. Moody’s Analytics and Experian reported substantial declines in both 30 and 90 day small business credit delinquency rates during the past year, part of an improving trend since the summer of 2011 when those rates peaked.
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What Do Small Business Administration (SBA) Loans Look Like?
Features, January 29, 2014
Hidden among the large amount of data released regularly by the Federal Reserve is some valuable information about the terms of Small Business Administration (SBA) guaranteed loans.
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The Era of Declining Self-Employment
Features, January 13, 2014
The number of employed Americans rose from 144,144,000 in October 2013 to 144,775,000 in November 2013, an increase of 631,000, according to Federal government data. That’s good news. More people going back to work is something that everyone – left, right and center – agrees is good for the country.
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How Common are Small Business Administration (SBA) Loans?
Features, October 04, 2013
Small Business Administration (SBA) guaranteed loans get a lot of attention in Washington. President Obama, for instance, believes that “the SBA should be provided additional resources to assist small businesses in acquiring capital necessary to start, continue, or expand operations”, the Congressional Research Service reports.
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Small Business Employment in Recessions and Expansions
Features, October 02, 2013
Small business employment has grown more slowly than big business employment since the end of the Great Recession. That wasn’t supposed to happen. Conventional wisdom is that small business employment declines more in economic downturns, but rises more in economic expansions. Small companies, the argument goes, are more nimble, making their employment decisions more responsive to economic conditions.
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Are Americans Becoming Interested in Entrepreneurship Again?
Features, September 17, 2013
The recently released Global Entrepreneurship Monitor (GEM), a nationally representative survey of American adults, reveals that the fraction of Americans who intend to start a business rose to 12.5 percent in 2012 — a substantial increase from the 8.3 percent recorded in 2008.
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Sole Proprietorship Revenues in Long Term Decline
News, August 12, 2013
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Small Business Employment Share Shrinking for a Good Reason
News, August 02, 2013
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Small Business Owners: Healthier, But Less Likely to Be Insured
Features, July 17, 2013
A majority of small business owners (53 percent) believe that running a company improves their health, a recent Bank of America survey indicates. And those in business for themselves are in better shape than those who work for others, a Gallup-Healthways Well-Being survey reveals.
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How the IRS Scandal Might Benefit Small Business
Features, June 17, 2013
A few weeks ago, the Internal Revenue Service (IRS) admitted that some of its employees improperly subjected to disproportionate scrutiny to conservative groups seeking to set up non-profit status. While you might think that the scandal has little to do with small business, in the strange world of Washington — where everything influences everything else — the scandal has the potential to benefit small business owners in several ways.
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SBA Current Entrepreneurship Statistics and Trends Surprising
News, March 11, 2013
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Have We Lost a Generation of Small Business Owners?
Features, April 04, 2011
We’re down more than 1.1 million. That’s how many fewer self-employed Americans there are today than when the Great Recession began. According to Bureau of Labor Statistics figures, there were 589,000 fewer incorporated self-employed people and 569,000 fewer unincorporated self employed people in December 2007 than in February 2011. Perhaps most remarkably, on a non-seasonally adjusted basis, we have 753,000 fewer self-employed people.