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Small businesses are changing hands at the fastest pace since the recession
By Vivek Wadhwa
In 2004 small companies employed about half of the private-sector work force and generated about half of the nonfarm private gross domestic product in the U.S., according to the Small Business Administration.
A study released by the Kauffman Foundation earlier this month, titled “The Anatomy of an Entrepreneur,” led by co-authors Vivek Wadhwa, Raj Aggarwal, Krisztina “Z” Holly, and former BusinessWeek tech editor Alex Salkever aims to discover who American entrepreneurs are and what makes them tick. To do so, the team surveyed 549 successful business founders from high-growth industries between August 2008 and March 2009. Flip through this slide show for Wadhwa's thoughts on the most compelling data.