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You’re Not Alone – Most Businesses are “Micro-Businesses”
There's "big business." And then there's "small business," and the often-discussed "small-to-medium business" (SMB) marketplace. The Small Business Administration publishes a grid of what defines "small" business, based on NAICS code. You may be surprised to note that the government defines a small business as one that has under 500 employees.
Entrepreneur: The Last Free American
Along the highway in San Diego there is a billboard that simply asks in big black letters -- Had Enough? I have no idea whether the person or company that owns the advertisement sells cruise vacations or a better brand of Vodka, but you have to admit it gets you thinking on a long trip.
Should I Start a Business
In business, there are no guarantees. 80 percent of businesses fail within the first five years. Yet, 11 percent of the population is self employed, and many of us wouldn't have it any other way.
Start-up Statistics
The entrepreneurial spirit is alive and well in the United States. According to the Small Business Administration, more than 572,900 new businesses opened in 2003. Unfortunately, and estimated 554,800 closed that same year, and an additional 35,037 declared bankruptcy. Two-thirds of small businesses survive for two or more years, and about half make it for more than four years.
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