Thursday, August 03, 2006

Article of Interest: SCORE Programs Educate Small Business Owners

When we hear the word "business," most of us tend to think of giant corporations and Fortune 500 heavyweights like IBM, Ford or GE. While these large high profile companies account for billions of dollars in this country's gross domestic product, the fact is that small businesses make up a sizeable and vital component of our nation's economy.

According to the U.S. Census Bureau, small businesses employ half of all private sector employees, pay more than 45 percent of the total U.S. private payroll and have generated anywhere from 60 percent to 80 percent of net new jobs annually over the past decade. They also contribute to more than half of the U.S. nonfarm private gross domestic product (GDP).

But why is it that a significant number of these small businesses don't make it past the first few years of existence?

Find out here: SCORE programs educate small business owners, help them avoid failure

Visit SCORE's website.

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