So How Do We Define a ‘Small Business’ Anyway?

Google “small business.” You’ll get about 1 billion results — literally. That’s because small businesses are the lifeblood of the U.S. economy. They’re also the places we most often frequent, from mom and pop stores to a food trucks to print shops. They account for around 46% of the private nonfarm GDP, about 63% of the net new jobs, and about 49% of private sector payrolls — ...Read the full article