A useful entrepreneurship tidbit to know: Across the United States, independent business growth is in a good place. From the 2017 Kauffman Index of Startup Activity:
“In 2013 the Startup Activity Index was at its lowest point in the last 20 years. Today it has gone up three years in a row, reaching close to the peak before the Great Recession drop.”
As an independent insurance agent/small businessperson, that’s a factoid I’m happy to see. Unfortunately, here at home in Nashville, figures are a little less sunny.
Nashville, disappointingly, was on a downswing in Kauffman’s Metro Rankings, dropping from from a city rank of 16 in 2016 to 29 in 2017. We were one of the biggest drops among the cities cited.
I certainly can’t pinpoint what’s making the startup rate in Nashville stall, but I do know one thing: Starting a business is difficult, and complicated, with a grab bag of different pieces that need to be in place for things to start, stabilize, grow and thrive.
Having the right small business insurance in place is, to me, one of the most important parts of entrepreneurial housekeeping.Read More