Saturday, November 17, 2012

Business Reboot

Steve Case, the chairman and CEO of Revolution and cofounder of AOL explains below why small, high-growth companies are the secret to economic vitality and job creation and how large companies could benefit from them.

He also dispels four myths about small businesses.  Here's the first one:
Myth #1. All small businesses want to grow.

Not all owners of small businesses want them to grow; many “mom and pop” enterprises are happy to stay small. It is really a subset of young businesses—those less than five years old—that do want to grow and that create the majority of jobs: 40 million over the last 25 years. This represents 20 percent of total gross job creation and total net new job creation in the United States over this time period.
Read:  Restarting the U.S. small-business growth engine

No comments: