Usually when there are a lot of layoffs, like in 2008 and 2009, business creation tends to spike. But that didn't happen right away, partly because people trying to start a business couldn't get credit.

The number one thing small business needs is to get more customers. Spend more time serving existing customers and getting new ones. The challenge for small business is knowing where customers are and reaching them effectively.

About 10 million people start a business each year, and about one out of two will make it. The average entrepreneur is often on his or her third startup.

Brad D. Smith Quotes