New study helps define startup importance

A continuing study by Ewing Marion Kauffman Foundation hopes to determine what startup decisions make a difference.
The private, nonprofit foundation that focuses on advancing entrepreneurship and innovation has been following nearly 5,000 businesses nationwide since they were founded in 2004.
Some of their initial research shows:
• Nearly 60 percent of the businesses had no employees their first year. About 25 percent had two or more employees, and less than 4 percent had more than 10 employees.
• Thirty-seven percent had no revenue in their first year of operation. But about 45 percent had a profit and about 17 percent had profit in excess of …read more