Wednesday, May 11, 2005

The rise of microbusinesses

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"Small Business Trends" has this fascinating entry up right now, discussing the deceptively huge rise in the US recently of "microbusinesses," which they are defining as any business that employs five or less people, and needs $35,000 or less in startup money to open for business. Did you know that such microbusinesses now employ 17 percent of all American citizens? Wow! With all the press such megacorporations as Time-Warner-AOL-Sony-Whatever get on a regular basis, I think it's easy to lose sight of just how important small businesses are to this country's success, and of just how many people depend on such mom-and-pop operations for their livelihood. Anyway, just go check out the entry - it's really engrossing.