Self-employed are not Entrepreneurs
But he claims, persuasively, that there are many issues where entrepreneur data is the reverse of self-employment data.
He asks business owners to self-identify as entrepreneurs or self-employed based on the ambition to grow and innovate. Surprisingly, 80% of the self-employed do not consider themselves entrepreneurs. …
Taxes, the level of regulations, the level of trust and the quality of institutions are examples of variables that are related in reverse ways between entrepreneurship and self-employment.
Rather than treating small business and innovative Schumpeterian entrepreneurship as more or less synonymous, policy makers should be aware that they face a trade-off: either we pursue policies that give us more small business or we aim to encourage entrepreneurship.
Me: The world needs more entrepreneurs — those willing to start businesses that will hire others.