The Institute for the Future put out a research piece on small business, entrepreneurialism and one person companies. The report sets out to show trends in small business and shows a large increase in small businesses and predicts the trend to continue.
Small businesses are an important and growing driver of U.S. economic growth and dynamism. They employ over half of America’s private sector workers, produce over half of America’s non-farm private GDP, and create roughly 75% of new private sector jobs. The next decade will see the growth of small business continue, and the social and economic impacts of small business increase.
What contributes to this trend? The maturity of the Internet, easy access to information, and software as a service can be viewed as a contributing factors. An idea can blossom into a small business very quickly in today’s economy. Small Businesses can be up and running and reaching out online with significantly less costs than a decade ago.
Intervals is a tool built to service this group of people…including us. It is deliberately built out of our experience as a small business with a flat hierarchy that juggles tons of details and priorities. Intervals is definitely not unique in this respect and we are excited to see small companies developing solutions for other small companies.