American entrepreneurs are beginning to flourish again.

According to Dictionary.com, an entrepreneur is a “person who starts, organizes and operates a business, taking on financial risks in the hope of making a profit.”

What’s good for the American entrepreneur is good for America.

The Engine of American Prosperity

Entrepreneurs and small businesses are the engine of our economic vitality — they make up 99.9% of all U.S. businesses.

They also employ about 45.9% of private-sector workers — roughly 62.3 million people — and have accounted for about 61% of net new jobs since 1995.

Not only have such small-business inventions produced millions of good-paying jobs, they’ve dramatically improved our lives.

In his seminal 1958 work, “The Sources of Invention,” the late British economist John Jewkes found that more than half of the major job-creating inventions of the twentieth century were the work of entrepreneurs and small startups.

Entrepreneurs gave us the sewing machine, electric power, the automobile, the zipper, the aircraft industry, the jet engine, radio and television, power steering, the helicopter and rocketry.

They also invented acrylics,........

© The Saratogian