Economic Impact

The estimated 29.6 million small businesses in the United States: Employ just over half of the country’s private sector workforce Hire 40 percent of high tech workers, such as scientists, engineers and computer workers Include 52 percent home-based businesses and two percent franchises Represent 97.3 percent of all the exporters of goods Represent 99.7 percent of all employer firms … Continue reading “Economic Impact”

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Microbusiness – A common term used for businesses with under 5 employees.Microbusinesses are so small, however, that there are few, if any, financial or government resources in place to ensure their resilience.According the Census Bureau’s 2007 report, 10% of Small Businesses (under 500 employees) have under 5 employees. Less commonly used are the terms Nanobusiness … Continue reading “Glossary”

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