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The Small Business Economy 2005
The SBA has released their report The Small Business Economy 2005 (PDF):
Entrepreneurship has long been implicit in the American Dream—the belief that, given constitutional freedom, it is possible through hard work, courage, and imagination to achieve fi nancial security. The federal government too has underscored the fundamental importance of entrepreneurship and small business to a vibrant, growing, sustainable economy. The most recent edition of The Economic Report of the President, for example, listed 12 variations on the term “entrepreneur.”On the economic side, small businesses employ about half of the private sector work force, produce about half of private sector output, fill niche markets, innovate, and contribute to the competition in free markets. On the human side, small businesses give individuals the chance to achieve their own versions of the American Dream, and allow entry into employment by individuals and demographic groups who might otherwise be shut out of the labor market.
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