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Sagot :
For many business owners, starting a small business is difficult. They concentrate on producing high-quality goods and services that benefit the intended customers.
A tiny business defines itself as such by its employment and income, which can range from $1 million to over $40 million (from 100 to over 1,500 employees). For instance, a roofing contractor is considered a small business by the SBA if its yearly sales is $16.5 million or less. Small firms account for 43.5% of the US gross domestic product and two-thirds of new jobs (GDP). Small businesses not only maintain the economy but also set the standard for innovation. In comparison to large patenting companies, small enterprises issue 16 times more new patents per employee. Small businesses support the development of technical expertise and handicrafts. These companies make money overseas by exporting their goods. Economic power flows through a variety of sectors, preventing it from being concentrated in a small number of hands. These companies advocate for a more equitable distribution of the nation's income.
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