Small Businesses

Paper Summary:

This discusses the manner in which small businesses contribute to the American economy. It also looks at how middle managers, who find themselves out of work at a certain stage in their career, are often the prime innovators in small businesses.

From the Paper:

"Small business is the backbone of the nation's economy and represents most of the job growth in America during the last decade. The economy is strong, and some taxpayers saw an increase in their earning and spending power in 1998, yet there are many middle managers, particularly baby boomers, who have lost their jobs. Some of these mid career former middle managers who have been downsized or laid off due to company restructuring or other changes to their work environment have decided to establish their own businesses and compete side by side with the world's corporate giants. Despite the sadness associated with a baby boomer, or anyone for that matter, who suddenly discovers joblessness, there is a certain positiveness emerging from the small business community that can be linked directly to the growing community of highly experienced former middle managers."

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