Post by Logan on Apr 29, 2016 22:33:40 GMT -6
One of the hidden reasons for Kansas’ slow growth in recent decades is the changing nature of start-up companies here, a Wichita State University professor said Thursday.
Chris Broberg, associate professor of entrepreneurship, unveiled research at WSU’s conference on the State of Entrepreneurship in the Regional Market, held at the Hyatt Regency Wichita.
He said his analysis showed that while the total number of firms in Kansas continues to rise, the average size of firms is getting smaller and the average number of people they employ is falling. The trend started in about 2000, he said.
More entrepreneurs are starting “lifestyle” businesses, which are essentially designed to support the owner or a few employees. They aren’t interested in or capable of expanding these businesses rapidly.
Read more: www.kansas.com/news/business/article74561567.html
Chris Broberg, associate professor of entrepreneurship, unveiled research at WSU’s conference on the State of Entrepreneurship in the Regional Market, held at the Hyatt Regency Wichita.
He said his analysis showed that while the total number of firms in Kansas continues to rise, the average size of firms is getting smaller and the average number of people they employ is falling. The trend started in about 2000, he said.
More entrepreneurs are starting “lifestyle” businesses, which are essentially designed to support the owner or a few employees. They aren’t interested in or capable of expanding these businesses rapidly.
Read more: www.kansas.com/news/business/article74561567.html