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What Do Small Businesses Do?

What Do Small Businesses Do?

Erik Hurst and Benjamin Wild Pugsley

First published August 2011

This paper shows that substantial differences exist among U.S. small businesses owners with respect to their ex-ante expectations of future performance, their ex-ante desire for future growth, and their initial motives for starting a business.  Hurst and Pugsley show few small businesses intend to bring a new idea to market.

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