The 4 Types of Small Businesses, and Why Each One Matters

Harvard Business Review

While only about 15 million of the self-employed earn receipts of over $10,000, recent research shows that sole proprietorships are achieving record profit margins—and numerous indicators predict the number of these businesses will continue to grow as technology allows more geographic flexibility and a continuing number of baby boomers take steps to open their own firms. America loves small businesses.

Can the U.S. Become a Base for Serving the Global Economy?

Harvard Business Review

And, through linkages including supply chains (in 2009 multinationals purchased about $7 trillion in intermediate inputs from companies in America), multinationals enhance the performance of companies throughout the U.S. businesses appear to be the result of both labor-saving technological changes and the outsourcing of parts of production to independent contractors in low-cost foreign locations.