This article was voted one of the best of 2014 by our readers. Someone’s playing their cards right…
Chinese philosopher Laozi once said, “A journey of a thousand miles begins with a single step.” As true as this is in life, it is also true in business. All of today’s major companies started as small businesses – many stemming from neighborhood garages and basements.
Steve Jobs is famous for putting a “ding” in the universe, but he also said, “You need a lot of passion for what you’re doing because it’s so hard. Without passion, any rational person would give up.” But entrepreneurs don’t give up. Recent figures show 7 of 10 new employer firms stay in business over 2 years, with a quarter of them staying in business for at least 15 years.
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Here are 7 more amazing facts about American small businesses:
Did we miss anything? What are your favorite small business facts?
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