He also dispels four myths about small businesses. Here's the first one:
Myth #1. All small businesses want to grow.Read: Restarting the U.S. small-business growth engine
Not all owners of small businesses want them to grow; many “mom and pop” enterprises are happy to stay small. It is really a subset of young businesses—those less than five years old—that do want to grow and that create the majority of jobs: 40 million over the last 25 years. This represents 20 percent of total gross job creation and total net new job creation in the United States over this time period.