Entrepreneurship. Small business. Startups. Tech. Innovation. All different things, all tricky to define and trickier to measure. All generally viewed as good for the economy. But the imprecision with which we discuss these things - I'm guilty too - leads to a lot of sloppy discussion. Some of this is basically unavoidable; I can't change the fact that patents are an imperfect measure of innovation, or that few good metrics exist to track high growth startups.
But there is one easy, obvious distinction to be made: "startups" and small businesses aren't the same thing, even when the latter are new. This is outlined nicely in a new brief from the Kauffman Foundation, which distinguishes between “innovation-driven enterprises” and “small and medium enterprises." Here's how the former is defined:
To read the original article: Measuring Startups: Before You Write About Entrepreneurship, Read This | BostInno
