Small businesses, defined as companies with 500 or fewer employees, play an important role in American economy. They employ 57% of the private workforce and create 60% to 80% all new jobs in the country.
However, there are some shocking facts about them you may not have known before.
For example, small businesses pay 44% of U.S. payroll, or only 50% of small businesses survive five years.
Before reading the facts, let's remember what former Apple CEO Steve Jobs said when he explained the
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