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Mechanization of the entire workflow and nonstop production, such as in chemical plants or petroleum refineries. 5 Types of Small Business Owners Idealists : Rewarded by chance to work on something new and creative Optimizers : Get personal satisfaction from being business owners Hard workers : Thrive on challenge of building a larger, more profitable business Jugglers : high-energy and enjoy handling every detail of their own business Sustainers : Enjoy chance to balance work and personal life; don’t want the business to grow too large Entrepreneurial companies Age rather than size determines number of jobs a company creates Small businesses create 64%+ of America’s new jobs New and smaller firms responsible for 55% of innovations and 13x more patents than
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