“The French Have No Word for Entrepreneur”

As attributed to George W. Bush.  Did he misunderestimate as well?

Check out this article in Newsweek.  Having lived and worked in France, I’ve always said it’s not a place to work, but a place to get laid off, and retire.  But now the government has just dramatically reduced the financial requirements on starting a new business.  They estimated 200,000 new ventures by the end of 2009, but as of mid-February, there were already 62,000.

This is a sea change.


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