What Statistics Are There For Small Businesses?

What statistics are there for small businesses? Read small business statistics. What I can tell you is that within the economy, when we are talking about small businesses, it is a constantly churning economy....

What I can tell you is that within the economy, when we are talking about small businesses, it is a constantly churning economy. What you have always seen is new businesses startup and then continues on and sustains the economy. So if you look at it, it is almost like a funnel, there is always a churning of the economy and that means that there are always new people coming into the economy, owning a business and as that cycle continues on, not everyone remains in business. What I can tell you is that's the nature of the economy. The interesting thing about small business is people really want to be in small business. What is unique about American business is that failure is not a bad thing, in that if you fail once at business, it's not viewed as failure. Most entrepreneurs go back a second and a third time and often succeed. So that's the beauty of our economy; that it is flexible enough to allow people to try again. So I would suppose that for many businesses, the first time out is not as successful. But again, not every business succeeds the first time and you will find that there are many success stories that people have tried several times. I think that's the beauty of entrepreneurship, frankly, and most people who become an entrepreneur are willing to take the risk.

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