How important are small businesses to the U.S. economy?

How important are small businesses to the U.S. economy?

Pt 1050-1

Small businesses workin’ it… via UPS blog

According to the Small Business Administration (SBA), small businesses in the U.S. employ over 50 percent of the private sector and shell out 44 percent of the private sector pay. Small-business owners are the backbone of our economy (PDF here).

At Maker Faire I’ll be doing a talk (and likely a lot of informal chatters) about running your own kit business. It’s mostly sharing information, what has worked and what hasn’t… Sunday, 5/23 3:00pm, Open Source Hardware Businesses, MAKE magazine booth, Make: Projects Stage. Over the last 3-4 years I’ve seen attendees turn in to featured makers and featured makers turn in to thriving businesses. Make (Maker Shed) as well as many others have also taken off in the last few years, it’s a wonderful time to make things and make good businesses – see you at Maker Faire!

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