Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.

Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

Click on the image to get a bigger version.

Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.

RSS Feed

The Entrepreneurial Mind

”... with Dr. Jeffrey R. Cornwall”

April 30, 2018, 8:10 pm, 1849986
I have written often about the challenges for entrepreneurs of finding balance between the strong, often conflicting pulls from family and from their business.

Toddi Gutner offers three case studies on entrepreneurs who have worked at finding this balance in ...

April 30, 2018, 8:10 pm, 1849987
"I've developed this really cool product and I have applied for a patent."

"I want to show you this awesome app that I helped design."

"We've got a great idea for a website."

Those of us who work with ...

April 30, 2018, 8:10 pm, 1849988

So what can small businesses expect for 2012? My general advise continues to be cautious!  While we are seeing some of the small business surveys showing optimism increasing and more ...

April 30, 2018, 8:10 pm, 1849989
While entrepreneurial success is tied to careful feasibility assessment, business modeling and planning, never underestimate the role that luck plays in an entrepreneurial journey.

I am not suggesting that aspiring entrepreneurs just sit and wait for an opportunity to come to ...

April 30, 2018, 8:10 pm, 1849985
One of the bootstrapping techniques I like folks to consider is keeping your day job while your venture to getting up to speed.  This has become a more common financing strategy now that the weak economy has put a hit on the ...

April 30, 2018, 8:10 pm, 1849984

Entrepreneurs face a difficult challenge in how they should be spending their time as a business grows.


The dilemma is commonly referred to as needing to "work on the business rather than work in it."


Typically, entrepreneurs are heavily ...

April 30, 2018, 8:10 pm, 1849981
Most entrepreneurs dream of that one big break.  For some businesses it is getting the one big customer.  For others it may be betting that magical "shout out" from a national thought leader or big time media outlet.

Should you always ...

April 30, 2018, 8:10 pm, 1849982
If we have any hopes of entrepreneurs leading us into a new period of economic growth the evidence is that they will come from two generational groups -- the Millennial Generation and their parents the Baby Boomers.

A lot has been ...

April 30, 2018, 8:10 pm, 1849983
Developing a sound business model is key to the successful launch of a business.

But you should never assume the business modeling is finished once the business begins to grow. Keeping a business model current is critical for long-term success.

April 30, 2018, 8:10 pm, 1849980
But delegating often turns out to be easier said than done. There are three common mistakes that entrepreneurs can make when delegating.

The first mistake is being hesitant to delegate.

When first beginning to delegate to employees, some entrepreneurs feel ...