Business as an Airplane: The Rapid Rise of U.S. Entrepreneurship, the Power of Small Businesses, and the Essential Need for Early Mentorship (2019–2024)

Nataliia Noble, Oleg Aframchuk

Citation: Nataliia Noble, Oleg Aframchuk, "Business as an Airplane: The Rapid Rise of U.S. Entrepreneurship, the Power of Small Businesses, and the Essential Need for Early Mentorship (2019–2024)", Universal Library of Business and Economics, Volume 02, Issue 01.

Copyright: This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

Over the last five years (2019–2024), the United States has experienced a significant surge in new business formation, paralleling an airplane’s swift takeoff. This article adopts an airplane metaphor—pre-flight, takeoff, cruising altitude, turbulence, and landing—to illustrate each phase of a startup’s evolution. Official data reveal that U.S. small business applications climbed from 3.5 million in 2019 to 5.5 million in 2023, an unprecedented rise fueled by abundant capital, technological innovations, supportive government measures, and shifting cultural attitudes. Small businesses—which comprise 99.9% of all U.S. firms and generate two-thirds of net new jobs—are at the forefront of this entrepreneurial boom, contributing an estimated 44% of national economic output. However, this rapid expansion underscores the vital role of structured mentorship during the earliest stages of venture development. Research shows that mentored startups not only achieve higher survival rates but also exhibit stronger revenue growth, underscoring mentorship’s importance as a stabilizing “co-pilot” in a fast-moving environment. This article integrates fresh data, visual models, policy considerations, and strategic insights for founders, investors, educators, and policymakers who aim to sustain and harness America’s dynamic entrepreneurial spirit.


Keywords: Mentorship; Small Business; Startup Acceleration; Technological Innovation; Venture Capital.

Download doi https://doi.org/10.70315/uloap.ulbec.2025.0201006