Here is something amazing about the role of small business in a part of the economy most people may have never considered. As explained in McKinsey’s Digital Globalization: The new era of global flows, the most rapidly growing segment of U.S. exporting companies are businesses with less that 50 employees.

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The 150-Year History of the Term ‘Small Business’

Until the end of the 19th century, there were few big businesses so the history of the term “small business” is less than 150 years. Today, no other phrase comes close to describing companies up to 500 employees.