Micro businesses are companies with 1 to 4 employees, yet these small companies generate $2.4 trillion annually and employ 31 million Americans. More remarkable is that these revenues represent 17 percent of the country’s gross domestic product.
Source: Association for enterprise Opportunity
Nine out of ten small business owners say they have no regrets starting a small business. The benefits of owning a business outweigh the challenges because——
*It has improved their financial well-being 70%
*It doesn’t feel like a job 55%
*It provides financial peace of mind 52%
*They like “being the boss” 41%
This survey was commissioned by Bank of the West and conducted by Harris Interactive in May 2014. 500 owners of small businesses in operation for five years or more were surveyed.