At last count, there were 29.6 million businesses in the U.S.--and 99.9% of them can be filed under "small." But small is significant. Small businesses (with 500 or fewer employees) have generated 64% of new jobs in the past 15 years and are responsible for 50% of the GDP and 44% of the country's private payroll.
Now a study by the Guardian Life Small Business Research Institute, comparing key traits of small-business owners, provides an insider's view of what qualities set the success-oriented ones apart from their less ambitious peers.
"The Guardian Life Index: What Matters Most to
America's Small Business Owners," surveyed more than 1,100 small
businesses. Those that projected an annual growth of 10% between 2008
and 2009 and/or intended to expand their business between 2009 and 2010
were identified as "success-oriented." Nearly half the businesses fell
into this study group.
Rich Bendis would like to thanks Patti Greene at Babson for submitting the article.
To read the full, original article click on this link: Six Signs Of Small-Business Success - Forbes.com
Author: Meghan Casserly