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Small Businesses: The Backbone of the Economy

Small businesses are the backbone of the economy. They make up over 99% of all businesses in the United States and employ over half of the private workforce. Small businesses are also responsible for over two-thirds of net new job creation.

Small businesses are important for a number  reasons. First, they provide competition for larger businesses. This competition helps to keep prices down and quality high. Second, small businesses are more likely to innovate than larger businesses. This is because small businesses are more nimble and can adapt to change more quickly. Third, small businesses are more likely to be involved in their communities. They support local charities and organizations, and they create jobs and economic opportunities.

Here are a few tips for running a successful small business:

Running a small business can be challenging, but it is also very rewarding. By following these tips, you can increase your chances of success.

Here are a few additional tips for small businesses:

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