If you heard that half of all small businesses fail in the first year, you heard wrong. The small business failure rate is not near that bad. And if you got the impression that small businesses are a small part of the U.S. economy, again ... wrong. Many analysts say small businesses are the engine of the American economy and the best bet for pulling us out of the current economic doldrums. While not all these statistics are as current as we'd like, BusinessNewsDaily dug up a bunch of data and facts from the most recent studies available to provide a snapshot of small businesses in America.
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