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What Is Special About Smaller Businesses?

According to the US Census Bureau's data, there are nearly 6 million companies in this country with less than 100 employees.1 Besides their relatively small size, the most essential characteristic they have in common is how different they all are. Even those operating within the same industry and competing in the same markets display an array of entity setups, organizational structures, and corporate cultures.

It is only natural. The majority of these companies are entrepreneurial in their origins. They are frequently born out of ideas generated by one person or a small group of collaborators. If the ...

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