The SBA has provided to the President a report entitled The Small Business Economy.
The Office of Advocacy of the U.S. Small Business Administration is pleased to present The Small Business Economy: A Report to the President. In 2003, the overall economic indicators improved as the recovery gained momentum. Small businesses have led the way. However, continued strong growth requires an environment that fosters more small business activity.
A couple of interesting points:
- The number of unincorporated self-employed increased by 3.7%
- Home-based businesses make up 53% of the small business population
- Barriers to home businesses are complicated IRS rules for home deductions and tests for independent contractor status.
There are many more interesting facts and figures that make for useful reading.
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