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Since our economy is rapidly changing it creates new opportunities for small business owners everyday. New technology has opened thousands of new opportunities and especially with the Internet making a small business available to thousands of people around the world.
Definition of a small business by the SBA is typically a business with 500 or less people or it can depend on annual receipts or the number of employees in certain categories such as manufacturing, retail and services.
Impact of Entrepreneurial companies: about 600,000 new companies are incorporated every year. The SBA reports that small businesses employ more than 50% of the workforce and generate more than half of the nations' GDP...
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