Jun 21, 2014
Large corporations and industrial giants are often looked upon as the driving force for a strong economy, but many seem to forget the power of small business. Though large corporations are the ones who usually get the fame and recognition, it's really the small businesses who are top dog in our economy. They are innovative, creative, and provide new opportunities to help push the economy forward. Small businesses are responsible for employing about 70% of the countries work force, creating hundreds of patents, and much more. Small businesses contribute more than their fair share, but at times don't get the recognition they deserve for being such a driving force in our economy.
Check out these fun small business facts that may surprise and show you just how important small businesses are to us:
1. There are 28 million small businesses just in the U.S. alone! They outnumber corporations by 1162 to 1.2. 70% of all small businesses are owned and operated by a single person!
Post By: Justin Narayan