To save the US economy, policymakers need to understand small business 101
Thousands of small businesses are probably gone for good because of the failure of the federal government to act quickly enough. To avoid catastrophic failure across large swaths of our small business economy, we need to quickly get a large number of small sums to a substantial portion of the 50 million small businesses and freelancers across America. If you include the 24.8 million businesses that are sole proprietorships, 98% of U.S. businesses employ fewer than 20 people. Don't make the mistake of thinking that because a business is small or a solo business, it isn't valuable or an economic driver. Drilling down on small business demographicsHere's another misunderstanding: America's small business owners aren't white males anymore.
cnbc.com