It is no surprise that small business is the backbone of the U.S. economy. Estimates show that there were more than 627,000 new businesses in 2008.This discussion is designed to explore the concepts, general terms, and statistics representing small businesses in the United States. In your Discussion Board post, discuss the following:
- Define 3 characteristics of a small business.
- In today’s market, how are small businesses contributing to the economy?
- If you could start your own business, what it would be? Write a few paragraphs about what business you would start and why.