Our greatness as a country is that we move on in spite of our government. We thrive, not because of Washington but by overcoming it. We succeed because half of our US economy is privately owned and independently managed. That’s right; over half the GDP comes from small business. The majority of jobs are created by those firms.
– David Kotok, Cumberland Advisors
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Yes, half of GDP comes from small businesses is an indication of the diversity of the economy, but most important is some of these small businesses must be able to grow to medium size or become new giants. If most of them stay small,this will not be good for the economy.