According to the Daily News, New York’s women owned small businesses are growing, but there is still a gender gap. The average yearly revenue for a women owned business is $265,373, while men owned businesses see an average of half a million dollars.
The Bureau of Labor and Statistics reports that 50 percent of all small businesses fail within the first four years, reports the Huffington Post. Successful businesses share some of the same benchmarks including data driven, customer centered decisions.
According to the New York Times, the National Federation of Business, a lobby group for small businesses, has publicly opposed Supreme Court nominee Judge Garland. The group believes that judge Garland is bad for small business, citing his record of siding with regulators in cases against businesses.
According to the Star Tribune, veterans make up a significant portion of small business owners; nearly one in 10 small businesses in this country are veteran-owned. To that end, the U.S. Small Business Administration has increased its resources available for veterans who own or are interested in owning their own business.