NFIB:
That small business on the corner might appear to be just another little enterprise trying to make its way in the American marketplace, but it might also be creating something that could change our lives forever. According to an National Federation of Independent Business Small-Business Poll devoted to innovation, between 5 percent and 15 percent of small firms are engaged in some type of innovative activity.Defining innovation as the first-time introduction of something that has been developed through imagination, thought or experiment, researchers determined that one in 10 small businesses purposefully innovate or invent things to sell or lease. In more than one in five of these enterprises, innovations or inventions generate all sales, and in more than half of such businesses they account for 50 percent or more of sales.
Clair Ching on May 11th, 2006 at 8:22 pm
I guess that entrepreneurs have that tendency to innovate because what they are up against would be established businesses already. For them to be noticed, they have to have something others don’t have or something they have done better :)