Every time you turn around it seems that government is slapping regulation and requirements on small business.
Here are some facts from the Small Business Administration (SBA). Small businesses:
•Represent 99.7% of all employer[s]
•Employ just over half of all private-sector employees
•Pay 44% of total U.S. private payroll
•Have generated 64% of net new jobs over the past 15 years
•Create more than half of the nonfarm private gross domestic product (GDP)
•Hire 40% of high-tech workers (such as scientists, engineers and computer programmers)
•Are 52% home-based and 2% franchises
•Made up 97.3% of all identified exporters and produced 30.2% of the known export value in FY 2007.
•Small firms produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large-firm patents to be among the 1% most cited.
Further, if you look to the Kauffman Foundation, startup firms are the “sole engine” of job creation in the U.S. economy. Kauffman crunched a data set from the Census Bureau covering the years 1977-2005. In all but seven years during that period, existing businesses cut an average 1 million jobs, while firms in existence for a year or less created 3 million
Here is an article from Forbes magazine that summarized the problem.
http://blogs.forbes.com/greatspeculations/2010/09/03/government-declares-war-on-small-business/?partner=alerts
