Of the 25.5 million businesses in the United States today, approximately 25.1 million, or 98.5 percent, can be considered “small” (employing less than 100 people). Small companies employ 52 percent of the nation’s private sector workforce. The Small Business Administration estimates that small companies create more than 75.8 percent of the nation’s net new jobs.

Small businesses make tremendous contributions to our economy. They produce 51 percent of the country’s private sector gross domestic product and account for 47 percent of business sales.

Even if students don’t start their own businesses, they will probably work for a small business at some point in their careers.

The goal is that graduates of this option will be able to develop a business plan and will understand the complexities of renting versus owning property and equipment. Entrepreneurial spirit will be enhanced. These skills are in addition to the previously mentioned outcomes for students in the business management technology.