The Birth Of A Firm,The Growth Of A Country

Why is it that some countries seem to have more innovation and growth in their business sectors then others? It might be that these countries are willing to foster an entrepreneurial spirit that spurs new technology and subsequent growth.

According to report from the Panel Study of Entrepreneurial Dynamics from The University Of Michigan, "There is now substantial recognition of the contributions

of entrepreneurship to innovation, job growth, and improved

productivity. This also appears to be true for countries,

as those with higher levels of new firm creation seem to have higher

levels of subsequent economic growth (Council on Competitiveness, 2007; Reynolds, 2007a)."

This is also true in countries where the spirit of entrepreneurship is strong. A number of Asian countries, particularly China and India, exhibit high levels of economic growth due in part to the level of new firm creation.

While the United States is a haven for new firm creation it pales in comparison to China and India where the level of high growth start-ups is roughly six times as many in the the United States

• China and India 15 million compared to 3 million high growth potential start-ups.
• China and India also have a larger labor pool to draw from with eight times as many workers in the eighteen to sixty four year old age range.
• China and India also have ten times as many entrepreneurs, 200 million compared to 20 million for the United States.
• The World Bank estimates the GNP of China to be at 6.5% this year, India currently stands at 5.8% and the US is still contracting at 5.5 % which is slightly better than previously expected in the global economic slump.

Resources:

http://psed.isr.umich.edu/psed/documentation

US Department Of Commerce.

Picture: Cattle Drive in Mackay,Idaho

Torinos Cheesecakes & Tortes

My mom came up with her idea for a small business about a year ago selling flavored cheesecake. It took her a little over a year to develop the cheesecake recipes, get all of her licences and food handling training, and find a commercial kitchen that she could rent to bake the many different flavors of cheesecake. Together we created a website for Torinos Cheesecakes and Tortes --being a creative person she designed the logo. We finally opened the online cheesecake store this week.

I was talking to her recently about the many different cheesecake flavors and she mentioned offhand that she can make a great many of flavored cheesecakes safe for diabetics or glucose intolerant diets and you can't taste the difference! I have a serious problem with my blood sugar and keeping it in control and I love it when I come across something that I can eat, that tastes good and won't throw me into a coma at the end of the day! She said she is going to work on a list of cheesecakes that she can make safe for glucose intolerant diets and we will add it to her web store. I think I will request a Macaroon toasted coconut cheesecake or a Marco De Plaza Mocha--you know just to taste test.

The picture is of my friendly neighborhood moose cow. She is still a baby--less then a year old. She doesn't look too healthy, you could count every rib but, then again we had a harsh winter this year.