1. Small businesses make up a large portion of businesses in the US, with over a million new businesses starting each year. They are defined as having 1-50 employees and are primarily owner-managed. 2. Small businesses play an important role in the economy by creating most new jobs, driving innovation, and providing economic opportunities and alternatives for consumers. They account for 75% of new jobs and generate more patents than large businesses. 3. Successful small business owners engage in thorough planning, gain relevant experience, learn from other entrepreneurs, and offer better service, quality, and responsiveness than competitors. Accessing money from personal savings, loans, investors, and government programs can also help small businesses get started and cover