Entrepreneurs: The Real Backbone of America

Listen up, America! Mark Cuban just dropped a truth bomb that we all need to hear. He says entrepreneurs, not billionaires, are the backbone of this country. And let me tell you, the data backs him up!

First things first, let's talk about job creation. Small businesses, the ones started by entrepreneurs, create two-thirds of new jobs in the U.S. That's right, folks! Two-thirds! The Small Business Administration (SBA) says it loud and clear. So, when you hear about unemployment rates and job growth, remember that it's the entrepreneurs out there hustling and making things happen.



But it's not just about jobs. Entrepreneurs are the innovators, the dreamers, the ones who push the boundaries and make things better. They're the ones who apply for patents and create new technologies. In 2018, small businesses applied for 29,583 patents. That's a lot of innovation, folks! And it's not just about the numbers. It's about the impact. It's about the new products, the new services, the new ways of doing things that make our lives better.

Now, let's talk about the elephant in the room. Immigrant entrepreneurs. They're a huge part of this story. In 2019, immigrant entrepreneurs made up 21.7 percent of all business owners in the United States. That's a lot of entrepreneurship, folks! And they're not just starting businesses; they're creating jobs and generating billions of dollars in annual income. In 2017, immigrant-owned businesses employed 8.0 million people and generated $1.3 trillion in total sales. That's a lot of economic impact, folks!

But it's not all sunshine and rainbows. There are challenges. There's a lack of a startup visa, which means many immigrant entrepreneurs struggle to stay in the country. There's economic inequality, which means that while entrepreneurship can drive growth, it can also drive inequality. And there's the distinction between necessity and opportunity entrepreneurship, which means that not all entrepreneurs are created equal.

But let's not forget the big picture. Entrepreneurs are the ones who make this country run. They're the ones who create jobs, drive innovation, and push the boundaries. They're the ones who make America great. So, let's give them the support they need. Let's give them the resources they need. Let's give them the opportunities they need. Because, at the end of the day, entrepreneurs are the backbone of America. And we need to do everything we can to support them.

So, what are you waiting for? Get out there and support entrepreneurship! Invest in small businesses! Buy from local entrepreneurs! Because, at the end of the day, entrepreneurs are the ones who make this country run. And we need to do everything we can to support them. BOO-YAH!

Ask Aime: What impact will Mark Cuban's statements have on the U.S. economy and entrepreneurship?