The word “startup” or “nascent entrepreneur” in most people’s minds, conjures up an image of a clueless space cadet wearing Nike and dreaming of becoming a billionaire overnight.Unless the startup rises to a stature, no one really recognizes the worth of that startup and the new entrepreneur.Startup Fortune founder, Mervik Haums, talks about the importance of encouraging startups and novice entrepreneurs and why he helps them grow. Let’s delve.
Startups create jobs. Well, every business creates jobs, so what makes startups run by rookie entrepreneurs more special?Mervik answers this by referring to the US as an example, “If you take the startups out, US would not see net job growth.” From 1976 to 2006, current companies then were responsible for one million annual job losses in US compared to startups which added approximately three million jobs per year.