Looking for a new job? Perhaps it?s time to go entrepreneurial. Recent SEC filings show that entrepreneurial companies have been hiring at a red hot pace, skyrocketing 13+% over last year?s levels. The rate of growth far outstrips the relatively modest 3% average increase for non-entrepreneurial firms and exceeds the prior year?s entrepreneurial growth rate of 10%. Though capital markets appear choppy, the US market seems to be celebrating its best job rate increases since the pre-recession 2006-2007 era. Not surprisingly, entrepreneurial companies lead the way. And the good news does not appear to be limited to only economic upswings. Striking differences between entrepreneurial and non-entrepreneurial firms exist during economic downturns as well. According to company disclosures, when the economy turns sour, entrepreneurial companies retain more of its employees. In fact, during the worst part of the 2008-to-2009 recession, entrepreneurial companies actually had modest increases in employment, compared to a significant drop-off for the rest of the market. Does this mean that entrepreneurial companies actually dominate during both good times and bad? The data seem to think so.
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