January 7, 2005

How important is small business? It?s engine behind U.S. enterprise

I love small business stories. Why? First, I run a small business myself. And I know there?s a good chance you?re part of a small business, too, since small business represents more than 99.7 percent of all employers, according to the Small Business Administration.

I also like small business stories because every one is an exciting survival tale of battling the odds. Only about half of new firms survive past four years.

When we interview new startups, there?s always this ?can-do? attitude. I admire their determination, but wonder if they have enough funding to weather the storm or how long…

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