Mechanization of the entire workflow and nonstop production, such as in chemical
plants or petroleum refineries.
5 Types of Small Business Owners
: Rewarded by chance to work on something new and creative
: Get personal satisfaction from being business owners
: Thrive on challenge of building a larger, more profitable business
: high-energy and enjoy handling every detail of their own business
: Enjoy chance to balance work and personal life; don’t want the business to
grow too large
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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