(Phoenix Business Journal) — Americans aren’t as entrepreneurial as they used to be, according to two new studies. The Global Entrepreneurship Monitor found that only 6.9 percent of Americans were involved in early-stage entrepreneurial activity last year, down from 10.6 percent four years earlier.
The only increase in activity in 2009 came from necessity-driven entrepreneurs — those who started a business because they needed a job, not because they saw new opportunities. That’s not a good sign for an innovation-driven economy, according to researchers at Babson College and Baruch College, which conducted the study.