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Small businesses can be long-term successes.

Publication: Mississippi Business Journal
Publication Date: 23-FEB-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Small businesses can be long-term successes.(Perspective)

Article Excerpt
My grandparents were married for over 60 years. This year I will celebrate 15 years, so I feel like a mere rookie in this long term journey. We are all familiar with the sad facts of the failure rates of marriages in our country.

Similarly, business partnerships, as well as businesses in general, begin with the odds stacked against them. In a detailed study by the Bureau of Labor Statistics on businesses formed in the 1990's, 66 percent survived after two years and 44 percent survived after four years. While these are sobering facts, we also know that partnerships can grow to significant heights--Sears and Roebuck, Baskin-Robbins, Hewlett-Packard and...

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